Battery Ventures, a global technology-focused investment firm, closed its latest vehicle, at $400m.
Battery Ventures Select Fund I is a vehicle designed to deliver additional capital to a small subset of the firm’s later-stage companies.
Founded in 1983, Battery continues to make new investments across stages, from seed-stage to buyout, in core sectors including business software; enterprise IT, including cloud computing, data, DevOps and cybersecurity; online consumer marketplaces; financial technology; healthcare-IT; and industrial technology.
The firm also will continue to execute its differentiated strategy of backing companies at all stages of development.
The firm invests globally from six strategic locations: Boston; San Francisco and Menlo Park, Calif.; Herzliya, Israel; London; and New York.