Battery Ventures: Completes Two New Vehicles Totaling $2 Billion

0
69
Battery Ventures: Completes Two New Vehicles Totaling $2 Billion

Battery Ventures: Completes Two New Vehicles Totaling $2 Billion

  • Battery Ventures, a global technology-focused investment firm, closed two new funds, totalling a combined $2 billion
  • The side fund invests in later-stage growth and buyout transactions alongside the main fund
  • Battery Ventures XIII Side Fund companion vehicle capitalized at $800m
  • The firm also will continue to execute its differentiated strategy of backing companies at all stages of maturity
  • In conjunction with the new fund, Zack Smotherman has promoted to partner
  • Smotherman first joined Battery in 2013 and focuses on later-stage investments in the industrial-technology sector