Battery Ventures, a global, technology-focused investment firm, has closed new funds totalling $3.8 billion to continue backing innovative companies worldwide in a variety of sectors.
The new funds—raised as Battery approaches 40 years of continuous operations—include Battery Ventures XIV and a companion fund, together capitalised at $3.3 billion, and the $530 million Battery Ventures Select Fund II, a vehicle intended to make additional investments primarily in portfolio companies of the firm’s other funds.
Battery closed its thirteenth family of funds totaling $2 billion in February 2020 and announced Battery Ventures Select Fund I, capitalised at $400 million, a year later.
Read more: Private Equity Wire
