Battery Ventures Raises $3.25 Billion, Bets Big on AI and Software's Future
February 23, 2026, 9:37 am
Battery Ventures closed a robust $3.25 billion fund, Battery Ventures XV. This capital fuels global tech investment, focusing on AI, software, cybersecurity, and industrial innovation. The firm backs companies across all growth stages. This raise demonstrates strong investor confidence amid market uncertainty, signaling a strategic bet on tech's evolving future.
Battery Ventures, a prominent global technology investment firm, has successfully raised $3.25 billion for its latest flagship fund. Named Battery Ventures XV, this new capital infusion marks a significant moment in the venture capital landscape. The fund aims to accelerate innovation across the technology sector. It underscores a firm belief in continued growth, even as market dynamics shift.
The fundraising effort proved swift. Battery Ventures closed the oversubscribed fund in just four months. This rapid accumulation of capital stands out. Many venture funds currently struggle to attract new investments. Economic headwinds and a slower IPO market challenge traditional fundraising. Battery’s success highlights its strong investor relationships. Roughly 80% of the commitments came from existing partners. New investors comprise the remaining portion.
This substantial capital will deploy globally. Battery Ventures targets companies in the U.S., Europe, and Israel. The firm maintains offices in key tech hubs like Boston, San Francisco, London, and Tel Aviv. This global presence allows for broad market reach. It facilitates investment across diverse technology ecosystems. The firm operates as one cohesive global team.
Battery Ventures outlines clear investment priorities. Application software remains a core focus. Infrastructure software also receives significant attention. This includes critical areas such as data platforms and AI tools. Developer tools and cybersecurity solutions are also paramount. Beyond software, the fund targets industrial technology. Life-science tools represent another key sector. This diversified approach covers high-growth, high-impact areas.
Artificial intelligence sits at the forefront of the firm's strategy. The tech world grapples with AI's disruptive potential. Many observers predict AI will upend traditional software business models. Battery Ventures holds a more nuanced view. The firm sees AI as a transformative force, not solely a destructive one. It acknowledges the sector's rapid evolution. However, it believes established software companies can adapt. Many are already integrating AI into their operations.
Battery Ventures expresses strong confidence in enterprise software's resilience. The firm contends that fears of an "AI bubble" are overblown. It believes business-to-business (B2B) software companies will thrive in the AI era. Market reactions to AI innovations may be excessive. The firm points to incumbent companies embracing AI for their business models. They are not waiting for disruption. They are driving change.
Despite enthusiasm for AI, Battery Ventures employs caution. It carefully avoids direct competition with major large language model (LLM) developers. Giants like OpenAI and Anthropic lead this specific frontier. Battery focuses on solutions built *on* or *around* these foundational technologies. This strategic positioning minimizes direct rivalry. It maximizes opportunities in the expanding AI ecosystem. The firm seeks complementary innovations.
Battery Ventures boasts a long and successful history. Founded in 1983, it has invested in over 530 companies worldwide. This excludes early seed-stage deals. Its portfolio includes notable successes like Coinbase Global Inc. and Affirm Holdings Inc. Databricks Inc. also benefited from Battery’s support. These investments have led to significant liquidity events. The firm reports over $10 billion in liquidity realized over the past five years. Its track record includes more than 70 public offerings and hundreds of acquisitions.
The firm’s stage-agnostic approach contributes to its success. Battery Ventures invests across all stages. This ranges from early-stage startups to growth-stage companies. It also engages in buyouts of more mature firms. This flexibility allows it to capitalize on opportunities at various points in a company's lifecycle. It provides a broad investment mandate.
Recent leadership developments strengthen the firm's capabilities. Battery promoted several key individuals in the past year. Marcus Ryu, co-founder of Guidewire Software, became a general partner. Zak Ewen, Satoshi Harris-Koizumi, and Justin Rosner were elevated to partner roles. Barak Schoster joined as a partner in the Tel Aviv office. These appointments bolster its leadership ranks. They position the firm for continued growth.
Expanding its global footprint, Battery Ventures recently moved into a new London office. This location serves as a central hub for European investment operations. The firm has a strong presence across Europe. It has completed over 150 transactions in the U.K. and 12 other European countries since 2005. This strategic expansion underscores its commitment to international tech markets.
Battery Ventures sees immense, ongoing opportunity. It targets software and industrial tech markets across the U.S. and Europe. The firm aims to drive significant value in exceptional businesses. It supports portfolio companies with focused investment. This includes R&D, sales acceleration, and strategic add-on acquisitions. This hands-on approach contributes to portfolio company success.
The new fund represents a powerful statement. Battery Ventures remains a leading force in global technology investment. Its focus on AI, software, and critical infrastructure positions it strategically. The firm navigates market complexities with confidence. It identifies and backs the next generation of technological leaders. This capital fuels the future of innovation.
Battery Ventures, a prominent global technology investment firm, has successfully raised $3.25 billion for its latest flagship fund. Named Battery Ventures XV, this new capital infusion marks a significant moment in the venture capital landscape. The fund aims to accelerate innovation across the technology sector. It underscores a firm belief in continued growth, even as market dynamics shift.
The fundraising effort proved swift. Battery Ventures closed the oversubscribed fund in just four months. This rapid accumulation of capital stands out. Many venture funds currently struggle to attract new investments. Economic headwinds and a slower IPO market challenge traditional fundraising. Battery’s success highlights its strong investor relationships. Roughly 80% of the commitments came from existing partners. New investors comprise the remaining portion.
This substantial capital will deploy globally. Battery Ventures targets companies in the U.S., Europe, and Israel. The firm maintains offices in key tech hubs like Boston, San Francisco, London, and Tel Aviv. This global presence allows for broad market reach. It facilitates investment across diverse technology ecosystems. The firm operates as one cohesive global team.
Battery Ventures outlines clear investment priorities. Application software remains a core focus. Infrastructure software also receives significant attention. This includes critical areas such as data platforms and AI tools. Developer tools and cybersecurity solutions are also paramount. Beyond software, the fund targets industrial technology. Life-science tools represent another key sector. This diversified approach covers high-growth, high-impact areas.
Artificial intelligence sits at the forefront of the firm's strategy. The tech world grapples with AI's disruptive potential. Many observers predict AI will upend traditional software business models. Battery Ventures holds a more nuanced view. The firm sees AI as a transformative force, not solely a destructive one. It acknowledges the sector's rapid evolution. However, it believes established software companies can adapt. Many are already integrating AI into their operations.
Battery Ventures expresses strong confidence in enterprise software's resilience. The firm contends that fears of an "AI bubble" are overblown. It believes business-to-business (B2B) software companies will thrive in the AI era. Market reactions to AI innovations may be excessive. The firm points to incumbent companies embracing AI for their business models. They are not waiting for disruption. They are driving change.
Despite enthusiasm for AI, Battery Ventures employs caution. It carefully avoids direct competition with major large language model (LLM) developers. Giants like OpenAI and Anthropic lead this specific frontier. Battery focuses on solutions built *on* or *around* these foundational technologies. This strategic positioning minimizes direct rivalry. It maximizes opportunities in the expanding AI ecosystem. The firm seeks complementary innovations.
Battery Ventures boasts a long and successful history. Founded in 1983, it has invested in over 530 companies worldwide. This excludes early seed-stage deals. Its portfolio includes notable successes like Coinbase Global Inc. and Affirm Holdings Inc. Databricks Inc. also benefited from Battery’s support. These investments have led to significant liquidity events. The firm reports over $10 billion in liquidity realized over the past five years. Its track record includes more than 70 public offerings and hundreds of acquisitions.
The firm’s stage-agnostic approach contributes to its success. Battery Ventures invests across all stages. This ranges from early-stage startups to growth-stage companies. It also engages in buyouts of more mature firms. This flexibility allows it to capitalize on opportunities at various points in a company's lifecycle. It provides a broad investment mandate.
Recent leadership developments strengthen the firm's capabilities. Battery promoted several key individuals in the past year. Marcus Ryu, co-founder of Guidewire Software, became a general partner. Zak Ewen, Satoshi Harris-Koizumi, and Justin Rosner were elevated to partner roles. Barak Schoster joined as a partner in the Tel Aviv office. These appointments bolster its leadership ranks. They position the firm for continued growth.
Expanding its global footprint, Battery Ventures recently moved into a new London office. This location serves as a central hub for European investment operations. The firm has a strong presence across Europe. It has completed over 150 transactions in the U.K. and 12 other European countries since 2005. This strategic expansion underscores its commitment to international tech markets.
Battery Ventures sees immense, ongoing opportunity. It targets software and industrial tech markets across the U.S. and Europe. The firm aims to drive significant value in exceptional businesses. It supports portfolio companies with focused investment. This includes R&D, sales acceleration, and strategic add-on acquisitions. This hands-on approach contributes to portfolio company success.
The new fund represents a powerful statement. Battery Ventures remains a leading force in global technology investment. Its focus on AI, software, and critical infrastructure positions it strategically. The firm navigates market complexities with confidence. It identifies and backs the next generation of technological leaders. This capital fuels the future of innovation.