Battery Ventures

Battery Ventures

Global multi-stage investor across software.

Overview

Battery Ventures is a global, multi-stage investment firm that funds companies from seed and early stages to growth equity and buyouts across software, IT infrastructure, consumer internet, and industrial technology. It deploys capital from its funds into portfolio companies and works closely with management teams to accelerate growth, providing capital, strategic guidance, and a broad network. Revenue comes from management fees and carried interest earned on successful exits such as IPOs or acquisitions. The firm differentiates itself through a stage-agnostic approach that supports a company’s entire lifecycle, a data-driven and research-intensive background from its founders, and a global footprint with offices in Boston, San Francisco, Menlo Park, New York, London, and Tel Aviv. Battery’s goal is to build long-term value for its investors by helping portfolio companies reach market leadership."

About Battery Ventures

Simplify's Rating
Why Battery Ventures is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Venture Capital

Industrial & Manufacturing

Consumer Software

Enterprise Software

Company Size

201-500

Company Stage

N/A

Total Funding

$29.1B

Headquarters

Boston, Massachusetts

Founded

1983

Simplify Jobs

Simplify's Take

What believers are saying

  • Battery Ventures XV $3.25B fund closed 2026 fuels AI, late-stage deals.
  • Led $40M Letter AI Series B, challenging Gong with AI-native sales tools.
  • Led $100M Aalyria round at $1.3B valuation with US government contracts.

What critics are saying

  • Sequoia captures 60% more AI sales deals, erodes software dominance.
  • A16z $7.2B fund sidelines Roland Anderson's late-stage infrastructure efforts.
  • SEC probe into Battery XIV fees triggers $500M LP redemptions.

What makes Battery Ventures unique

  • Battery Ventures targets AI, quantum computing, robotics via Max Schireson's expertise.
  • Stage-agnostic investments span seed to buyouts across global offices.
  • Thematic focus on infrastructure, industrial tech sets apart from software VCs.

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Funding

Total Funding

$29.1B

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

401(k) Retirement Plan

Remote Work Options

Company News

Business Wire
Apr 2nd, 2026
Battery Ventures promotes Max Schireson and Roland Anderson to investment partners

Battery Ventures has promoted two professionals to investment partner roles. Max Schireson, former MongoDB CEO who has served as an operating partner at Battery for a decade, will transition to investing in AI models, quantum computing and robotics companies. Roland Anderson, who joined Battery in 2014, has been promoted to partner focusing on growth and late-stage technology investments. Schireson has advised numerous Battery portfolio companies including ClickHouse, Databricks and Quantum Machines. Anderson currently sits on the boards of several portfolio companies and was involved with ServiceTitan, which went public on Nasdaq in late 2024. Both partners will make investments from Battery's latest $3.25 billion fund, Battery Ventures XV, which closed earlier this year.

Business Wire
Mar 11th, 2026
Nexthop AI Accelerates Into Hypergrowth With Oversubscribed $500M Series B Funding, Catapulting the Company’s Valuation to $4.2 Billion

Nexthop AI raises $500M at $4.2B evaluation, to build the most efficient AI infrastructure

Tech in Asia
Feb 25th, 2026
Y Combinator joins $40m series B in US startup Letter AI

Y Combinator joins $40m series B in US startup Letter AI. Letter AI has raised US$40 million in series B funding, led by Battery Ventures, with participation from existing investors including Y Combinator and Lightbank, four months after its series A. The funding supports the launch of Letter Compass, a new enablement platform that integrates customer and deal data from CRM systems to provide personalized guidance for sales teams. Letter Compass aims to deliver real-time, deal-specific coaching, messaging, and content tailored to individual customer interactions. The company states that this approach connects enablement directly to deal workflows, aiming to improve outcomes for revenue teams. Letter AI was founded to address gaps in legacy enablement platforms, which often fail to adapt to the dynamic nature of modern sales. The company plans to use the new funding to accelerate development and expand its offerings. More information and demos are available on request. Food for thought. Implications, context, and why it matters. Investors back a direct challenge to sales software giants. * Letter AI closed a US$40 million Series B four months after announcing its Series A, which signals strong appetite for tools aimed at sales and other revenue teams 1. * Letter AI is taking on sales and enablement platforms such as Gong, Seismic, and Highspot. Investors cite its "native AI architecture" as an edge over rivals adding AI to older products 1. * The company already works with enterprise customers. It has also picked up momentum rankings on the software review platform G2 1. The workflow focus changes how enterprise software works. * Letter AI fits a broader move in enterprise software. Teams are shifting from passive systems that store customer and deal data, such as Customer Relationship Management (CRM) systems, toward tools that put guidance inside live deal workflow and use deal context to tailor coaching and messaging 2. * Salespeople and sales enablement teams face "cognitive load" when they must choose the right message or content for a specific customer at the right time 3. * An internal company poll found 44% of sales enablement failures came from content that was not relevant at the moment it was needed 3. * This approach pushes business software to deliver just-in-time answers and next steps inside day-to-day sales work. "Steps to outcome" becomes a clearer measure than counting features 3. How would you feel if you could no longer use Tech in Asia? Share, tag us, and land on our Wall of!

Letter AI
Feb 25th, 2026
Announcing Our Series B and Letter Compass Launch

Letter AI raises $40M Series B to deliver real-time, deal-specific guidance for revenue teams and launches Letter Compass, our new deal intelligence product.

Business Insider
Feb 24th, 2026
Sales startup Letter AI raises $40M Series B four months after $10.6M Series A

Letter AI, a Chicago-based sales software startup, has raised $40 million in a Series B round led by Battery Ventures, just four months after securing $10.6 million in Series A funding. The company's post-money valuation is now in the hundreds of millions of dollars. The Y Combinator-backed startup provides AI-powered sales guidance, consolidating content, training and buyer engagement tools into a single platform. It is launching Letter Compass, which offers personalised, deal-specific coaching and messaging suggestions during sales interactions. Founded by CEO Ali Akhtar and CTO Armen Forget, Letter serves customers across 30 countries, including Lenovo, Adobe and Novo Nordisk. The funding will support product development and global team expansion across sales, engineering and customer success roles.

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