Tech Investor Battery Ventures Raises $3.25 Billion for New Fund
Battery Ventures general partners Michael Brown and Jesse Feldman.
Photographer: Stephanie Blanchette/Battery VenturesGlobal investment firm Battery Ventures has raised $3.25 billion to fund new tech deals, including investments in software companies — a bet that the sector won’t be toppled by artificial intelligence-led disruption.
Battery — which has backed companies including Coinbase Global Inc., Affirm Holdings Inc. and Databricks Inc. — plans to use the new capital to invest in software applications as well as infrastructure software, a category that includes AI, developer tools and cybersecurity. The firm will also make bets on industrial technology and life sciences, it said.