PRINT THIS PAGE Battery Ventures closes $750m Fund VIII10/07/2007. Source: AltAssets. 
 Technology venture capital and buy-out firm Battery Ventures has closed its eighth fund, BV VIII, on $750m.
Battery invests across all stages, from seed/early and late stage venture capital transactions, to buy-outs, take-privates, PIPEs and roll-ups. Key investment sectors are software, infrastructure technologies, communication services, semiconductors and components, internet and digital media, financial services and tech-enabled businesses, clean tech and advanced materials.
'This is the right size fund for our investment strategy and organisational structure,' said Battery general partner Tom Crotty. 'We are pleased to have three new GPs and the ongoing commitment of many of our long-standing LPs. $750m gives us the flexibility to keep doing smaller, earlier stage deals but to also write larger checks for growth equity and buy-out deals.'
In conjunction with the fund closing, Battery also announced today that Neeraj Agrawal, Michael Brown and Sunil Dhaliwal have been promoted to general partner.
From offices in Boston, Silicon Valley and Israel, Battery manages approximately $3bn in committed capital, including its current fund.
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