Battery Ventures, a global investment firm focused on technology and innovation, has closed its ninth fund, BV IX, at its $750m target.
From its offices in Waltham, MA, Menlo Park, CA and Herzliya, Israel the company will invest small amounts of capital during the formative stages of a new business, as well as large sums to support later stage venture, growth equity and buyout deals.
BV IX will continue the investment strategy Battery has employed over its 25-year history, investing in driven entrepreneurs and high-potential businesses.
The fund will invest in the following sectors:
– Internet and Digital Media,
– Financial and Information Services,
– Clean Tech,
– Enterprise IT,
– Communication Services,
– Industrial Technologies.
At a stage level, Battery invests at all stages from seed/early and late stage venture capital financings, to buyouts, take-privates, PIPEs and rollups.
Geographically, the firm invests worldwide, with the majority of its investments in North America, Israel and India.