Battery Ventures has raised $3.25bn in fresh capital to invest in technology companies worldwide, as it doubles down on artificial intelligence and enterprise software opportunities.
The new vehicle, Battery Ventures XV, was oversubscribed and closed in a single round, marking one of the largest recent fundraisings in the tech-focused private equity and venture capital market.
The Boston- and San Francisco-headquartered firm said the fund will back businesses across the US, Europe and Israel, investing from seed and early-stage rounds through to growth equity and buyouts.
The raise follows a year of strong exits, with Battery announcing 15 exit events in 2025. Over the past five years, its funds have generated more than $10bn in liquidity, reflecting what the firm describes as its stage-diversified strategy.
Michael Brown, general partner at Battery, said the current technology cycle is being reshaped by AI. “AI is ushering in one of the most consequential eras in the history of technology,” he said. “We believe our global reach and long-standing focus on software and enterprise tech position us well to capitalise on this opportunity.”
Battery plans to invest the new capital across application software, infrastructure software, including data, AI, developer tools and cybersecurity, as well as industrial technology and life-science tools.
The firm operates from offices in Boston, San Francisco, Menlo Park, New York, London and Tel Aviv, with a collaborative research-led investment model spanning venture and buyout markets.
Jesse Feldman, a general partner leading Battery’s industrial tech and life-science tools practice, said the firm sees continued potential across both US and European markets. “We are highly selective investors focused on driving meaningful value in exceptional businesses,” he said, adding that capital would be deployed to support research and development, sales expansion and targeted acquisitions.
Battery has invested in more than 530 companies globally since inception, resulting in 73 IPOs and over 225 mergers and acquisitions. The firm has been active in Europe since 2005, completing more than 150 transactions across the UK and 12 other European countries.
Late last year, Battery moved into a new London office to anchor its European operations, signalling a long-term commitment to the region’s technology ecosystem.
The firm has also strengthened its leadership team, promoting Marcus Ryu, co-founder and former chief executive of Guidewire Software, to general partner, alongside internal promotions and the addition of Barak Schoster as partner in Tel Aviv.
With AI investment accelerating globally and competition intensifying among venture firms, Battery’s latest fund positions it to compete aggressively across both early-stage innovation and larger-scale technology buyouts in what it describes as a defining moment for the sector.
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Battery Ventures raises $3.25bn fund to invest in global tech and AI
