Battery Ventures

The Boston-based firm closes its 12th flagship venture fund and a sidecar vehicle.

The firm made the promotions as part of its efforts to grow its later-stage software investments.

Sequoia Capital India and Battery Ventures are injecting a combined $15 million in a second round of funding sought by Travelguru, an Indian online travel portal.

The US-based venture firm will move longtime GP Scott Tobin and senior associate David Sokolic to its Herzilya office in autumn.

Battery Ventures, Second Avenue Partners and Pteranodon Ventures invested some $48m in the unmanned aircraft company, which has been sold to Boeing’s military aircraft division. Battery led its Series C and D rounds.

The US pension has made commitments to private equity and real estate funds including $79m to Charterhouse Capital’s ninth European buyout fund and $9 million to a sidecar vehicle associated with Battery Ventures’ eighth fund.

Columbia Capital, M/C Venture Partners, Oak Investment Partners, Battery Ventures and Centennial Ventures have committed $225 million in Series A funding for Zayo Bandwidth, a fiber-based network operator.

Columbia Capital, M/C Venture Partners, Oak Investment Partners, Battery Ventures and Centennial Ventures have committed $225 million in Series A funding for Zayo Bandwidth, a fiber-based network operator.

The fund comes three years after the firm raised $3.3bn for its 14th flagship.

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In this fourth episode of the third season of the Disruption Matters podcast series, we explore how technology can help add speed and rigour to roll-up strategies.

We explore how LPs are approaching technology allocations in a tough market and what tech-focused managers are doing to stand out from the crowd.

Monday is a bank holiday for our readers in the US, so we'll return to your inbox on Tuesday. In the meantime, TA Associates has beaten its target when many others are struggling to even meet theirs. Plus: venture capital's top-performing GPs. Here’s today's brief, for our valued subscribers only.

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