Battery Ventures Raises $950M For Early and Late-Stage Funds

February 25, 2016 | US-based VC firm Battery Ventures has closed two funds totaling $950 million. The Boston-headquartered firm has invested in a handful of Israeli startups, including JFrog, Zerto and SiSense through its Herzliya office. Battery Ventures has closed two new funds: Battery Ventures XI, a $ 650 million fund for early stage investments, and Battery Ventures XI Side Fund, a $ 300 million fund intended to support larger, later stage investments. As with its predecessor funds, Battery will continue to target IT infrastructure, including SaaS, cloud computing, big-data and cybersecurity.