Battery Ventures racks up $1.25 bln for two funds
Battery Ventures has closed Battery Ventures XII at $800 million and companion vehicle Battery Ventures XII Side Fund at $450 million. Together the two funds total $1.25 billion. The funds will focus on the tech sectors that include business software, enterprise-IT infrastructure, big data and artificial intelligence. In conjunction with the fundraising, Battery Ventures has promoted Morad Elhafed to general partner. Elhafed first joined Battery in 2008.
6 February 2018•3 mins read
