Venture Capital Firm Battery Closes Two New Funds Worth $1.25 Billion
For Battery, investment opportunities outside of the U.S. “are bigger than domestic opportunities,” a general partner at the firm said
Venture capital firm Battery Ventures LP has closed two new funds with a combined worth of $1.25 billion, the company announced Tuesday. The two funds will focus on investments in business software, enterprise-IT infrastructure, consumer internet and mobile and industrial tech. The new funds may be used to fuel investments in Israeli technology firms, according to Scott Tobin, a general partner with the firm’s Israel office.
For daily updates, subscribe to our newsletter by clicking here.
For Battery, investment opportunities outside of the U.S. “are bigger than domestic opportunities,” Mr. Tobin said in a phone interview with Calcalist Tuesday.
The numerous Israeli firms seeking to raise growth rounds and stay private longer supply Battery with investment opportunities for its new funds, Mr. Tobin said.