Battery Ventures

Quick read

Battery Ventures is a multi-stage technology VC and private equity firm founded in 1983, headquartered in Boston with offices in San Francisco, London, and Tel Aviv. It closed Fund XV at $3.25 billion in February 2026, its largest fund yet, backing over 530 companies across venture, growth, and buyout markets in its four-decade history. The firm is stage-agnostic, writing checks from seed through buyout, and generated more than $10 billion in liquidity across its last five years alone.

Key facts

Founded

1983

Employees

241

Sectors

enterprise, saas, fintech, ai, devtools

Website

www.battery.com

Investment thesis

Battery backs category-defining technology companies from seed through buyout — with particular focus on application software, IT infrastructure, and industrial technology in the US, Europe, and Israel — using four decades of pattern recognition to identify durable businesses across every market cycle.

Recent activity

• Feb 2026fundraise
  Battery Ventures closed Battery Ventures XV at $3.25 billion, its 15th flagship fund, in a single close on an oversubscribed basis. The fund backs technology companies globally across seed, early, growth, and buyout stages, with focus on the U.S., Europe, and Israel. The close follows 15 announced exit events in 2025. businesswire.com
• Feb 2026leadership
  Battery promoted Max Schireson from operating partner to investing partner, alongside the promotion of Roland Anderson, a veteran Battery investor focused on growth and later-stage enterprise-tech deals. businesswire.com
• Feb 2026leadership
  Battery hired David Coste, former Forterro executive, as executive-in-residence in its London office to help source and evaluate business-technology investments across Europe, working closely with Partner Zak Ewen and General Partner Morad Elhafed. businesswire.com
• Sep 2025leadership
  Battery promoted Marcus Ryu, co-founder and former CEO of Guidewire Software, to general partner. Zak Ewen, Satoshi Harris-Koizumi, and Justin Rosner were each promoted to partner. Barak Schoster joined as a partner in the Tel Aviv office. finance.yahoo.com
• May 2026investment
  Battery participated in Blitzy's $200M round at a $1.4B valuation. Blitzy deploys thousands of coding agents in parallel. tracxn.com
• Apr 2026investment
  Battery participated in a funding round for Cursor, the AI coding tool, which was nearing $2B in funding at a reported $50B valuation. tracxn.com
• Apr 2026investment
  Battery co-led a $35M Series B for Coram alongside Ansa Capital, with participation from UP.Partners, 8VC, and Mosaic Ventures. Coram builds AI-powered physical security software. Total funding reached $66M. linkedin.com
• May 2026investment
  Battery participated in funding for Agrani Labs, a chip startup founded by former Intel and AMD executives that is seeking $100M. tracxn.com
• May 2026investment
  Battery co-invested in a Series B round for Blitzy on May 5, 2026, alongside Northzone, PSG, and others. tracxn.com
• Feb 2026fundraise
  Battery closed Battery Ventures XV, a $3.25 billion oversubscribed fund in a single close, targeting technology companies in the U.S., Europe, and Israel. The close followed 15 announced exit events in 2025. businesswire.com
• Feb 2026leadership
  Battery hired former Forterro executive David Coste as executive-in-residence in its London office to support European business-technology deal sourcing and evaluation. businesswire.com
• Jan 2026press
  Battery published its 2026 team predictions, flagging a shift in AI from demo-stage promises to production-grade systems with durable unit economics, and anticipating enterprise adoption of agentic AI in go-to-market workflows. battery.com

Notable investments

• Blitzyundisclosed ($200M raised, $1.4B valuation)May 2026tracxn.com
• Agrani Labsundisclosed (seeking $100M)May 2026tracxn.com
• Orkesundisclosed ($60M raised)Apr 2026tracxn.com
• Cursorundisclosed (nearing $2B total at $50B valuation)Apr 2026tracxn.com
• CoramSeries B ($35M)Apr 2026linkedin.com
• Opal Securityundisclosed ($23M announced)2026linkedin.com
• BlitzySeries BMay 2026tracxn.com
• JumpSeries BFeb 2026tracxn.com
• CursorGrowthApr 2026tracxn.com
• BasetenSeries E2025battery.com
• DatabricksGrowth2025finance.yahoo.com
• JFrogGrowthPriorbattery.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Alex Benik · Partner
• Morad Elhafed · General Partner
  LinkedIn
• Dharmesh Thakker · General Partner
  LinkedIn
• Roger Lee · General Partner
  LinkedIn
• Marcus Ryu · General Partner
• Michael Brown · General Partner
• Max Schireson · General Partner
  LinkedIn
• Barak Schoster · Partner (Tel Aviv)
• Neeraj Agrawal · General Partner
• Chelsea Stoner · General Partner
• Dallin Bills · Partner

Sources

• Battery Ventures Raises $3.25 Billion to Back Innovative Tech Companies Worldwide
• Battery Ventures Raises $3.25 Billion (Yahoo Finance)
• Battery Ventures - 2026 Investor Profile, Portfolio, Team & Exits - Tracxn
• Battery Ventures Official Website
• https://www.battery.com/blog/2026-predictions-from-the-battery-team/
• https://www.linkedin.com/company/battery-ventures

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• Founders Fund · Contrarian VC, San Francisco·
• Khosla Ventures · Multi-stage VC, Menlo Park·
• Greylock Partners · Early-stage VC, Menlo Park

Explore VCs by sector

• Enterprise software in United States
• SaaS in United States
• Fintech in United States

Globally

• Enterprise software worldwide
• SaaS worldwide
• Fintech worldwide

Frequently asked