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
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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.
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For Battery, investment opportunities outside of the U.S. “are bigger than domestic opportunities,” Mr. Tobin said in a phone interview with Calcalist Tuesday.
Battery General Partner Scott Tobin. Photo: PR
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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.