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