Battery Ventures has closed two new funds: Battery Ventures XI, a $650 million vehicle, and Battery Ventures XI Side Fund, a $300 million fund intended to support larger investments. Battery raised predecessor fund family Battery X and Battery X Side Fund, totaling $900 million, in February 2013.
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Key investment sectors for the firm include application software/SaaS; IT infrastructure, including areas such as cloud computing, “big-data” technology and cybersecurity; consumer Internet and mobile; and industrial technology.
Battery Ventures investments in Israeli startups in 2016 include as part of the $50 million financing rounds of DevOps developer JFrog, date recovery company Zerto and big data company SiSense, and the $35 million financing round of flash storage startup Elastifile.
