Battery Ventures has raised $3.25 billion in fresh capital to invest in technology companies around the world as the company doubles down on its opportunities in artificial intelligence and enterprise software.
The new vehicle, Battery Ventures
The company, headquartered in Boston and San Francisco, said the fund will support companies in the U.S., Europe and Israel, investing from seed capital and early-stage financing to growth capital and acquisitions.
The capital raise follows a year of strong exits, with Battery announcing 15 exit events in 2025. Over the past five years, its funds have generated more than $10 billion in liquidity, reflecting what the firm calls its stage-diversified strategy.
Michael Brown, general partner at Battery, said the current technology cycle is being reshaped by AI. “AI ushers in one of the most momentous eras in the history of technology,” he said. “We believe that with our global reach and long-standing focus on software and enterprise technology, we are well positioned to capitalize on this opportunity.”
Battery plans to invest the new capital in application software, infrastructure software including data, AI, developer tools and cybersecurity, as well as industrial technology and life science tools.
The firm has offices in Boston, San Francisco, Menlo Park, New York, London and Tel Aviv and has a collaborative, research-based investment model that spans venture and buyout markets.
Jesse Feldman, a general partner who leads Battery’s industrial technology and life science tools division, said the company sees continued potential in both the U.S. and European markets. “We are highly selective investors focused on creating significant value in exceptional companies,” he said, adding that the capital will be used to support research and development, sales expansion and targeted acquisitions.
Battery has invested in more than 530 companies worldwide since its inception, resulting in 73 IPOs and over 225 mergers and acquisitions. The company has been active in Europe since 2005 and has completed more than 150 transactions in the UK and 12 other European countries.
Late last year, Battery moved into a new London office to anchor its European operations, signaling a long-term commitment to the region’s tech ecosystem.
The company also strengthened its leadership team, promoting Marcus Ryu, co-founder and former CEO of Guidewire Software, to general partner. In addition, internal promotions were made and Barak Schoster was added as a partner in Tel Aviv.
As AI investment increases around the world and competition among venture firms intensifies, Battery’s latest fund is positioned to compete aggressively in both early-stage innovation and larger technology acquisitions – at a pivotal moment for the industry.
