Battery Ventures Raises $2 Billion To Go After Enterprise Companies
Business-to-business is `sexy’ market, Brown says
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Battery Ventures raised two new funds totaling $2 billion, almost double its last total and highlighting investors’ growing interest in companies that cater to other businesses, rather than consumers.
The new funds, a $1.2 billion Battery Ventures XIII, along with an $800 million side fund to help back extra-large bets, will keep investing in sectors like business-to-business software, information infrastructure and cybersecurity.