Battery Ventures successfully raises $3.25 billion in a new fund against the trend, completing the closing within four months

Deep Tide TechFlow News, February 18 — According to Tech Funding News, veteran venture capital firm Battery Ventures announced the completion of its 15th fund, Battery Ventures XV, raising $3.25 billion, roughly the same size as its previous fund in 2022. The entire fundraising process took only four months. Approximately 80% of the capital came from existing investors, with the rest from new limited partners. Battery Ventures stated that over the past five years, it has generated more than $10 billion in returns for investors, which is considered a key reason for the rapid fundraising success.

In terms of investment strategy, Battery Ventures plans to continue focusing on software applications and infrastructure, with key areas including AI, developer tools, and cybersecurity, while expanding coverage into industrial technology and life sciences. Partner Michael Brown believes that the recent sell-off in software stocks is an overreaction by the market. Although the AI wave will change the way software is sold and delivered, leading companies are actively adapting to the transformation. The firm also stated it will closely monitor the product roadmaps of foundational model builders like OpenAI and Anthropic to avoid direct competition with them.

Founded in 1983 and headquartered in Boston, Battery Ventures has offices in London and Tel Aviv. To date, it has invested in over 530 companies, facilitated more than 70 IPOs, and completed hundreds of mergers and acquisitions. Its notable portfolio includes Coinbase, Databricks, Affirm, Shopify, and Wayfair.