Battery Ventures Closes on $950 Million Across Two Funds

Battery Ventures, a 33-year-old investment firm with offices in San Francisco, Menlo Park, Boston, and Herzliya, Israel, has raised $950 million across two new funds: a main fund, Battery Ventures XI, which is a $650 million pool, and a side fund that will support the company’s larger investments, which closed with $300 million.

The firm previously similarly closed a $650 main fund and a $250 million side fund in 2013.

Battery typically invests between $500,000 and $60 million in companies across a wide range of industries.

In recent years,  the firm has seen six companies go public, including the marketing automation company Marketo, which went public in 2013. Another 15 of its portfolio companies have been acquired. In fact, just yesterday, the Lawrenceville,…

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