Battery Ventures has filled its latest investment treasure chest with $900 million.
The venture capital firm announced today the closure of its tenth fund, which actually includes two funds that will be co-invested. Battery Ventures X (BVX) is a $650 million fund that will back companies at all stages of their lifecycle. The Battery Ventures X Side Fund will dedicate $250 million to companies further down the pipeline and support acquisitions, “providing the flexibility to support larger growth and buyout situations without disrupting the concentration in BV X,” the firm said in a statement.
Most of the resources will go into the North American, Israeli, and European markets. Battery Ventures will focus on companies working with software-as-a-service for the enterprise and big data analytics; IT infrastructure like networking and storage; technology-enabled business services; and buyouts in markets that are “ripe for consolidation.”
Since its formation in 1983, Battery Ventures has raised more than $4.5 billion and invested in more than 300 companies. In 2012, four of the firm’s portfolio companies went public — Bazaarvoice, ExactTarget, Guidewire, and Splunk — and nine portfolio companies were acquired. On Monday, financial analysis firm PrivCo released a report of the top 20 technology venture capital firms of 2012, ranking Battery Ventures at number six.
Battery Ventures has offices in Boston, Silicon Valley, and Israel.
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