Sunday, October 3, 2004

Battery Ventures Closes $450 Million Fund

Battery Ventures, a leading venture capital firm investing in information technology companies, closed its seventh fund with $450 million of committed capital. The fund will be invested over a period of approximately three years and is expected to contain a portfolio of 35 to 40 investments ranging in size from $5 million to $25 million each.

Previous investments by Battery Ventures have included Akamai Technologies, Allegiance Telecom, Arbor Networks, Broadbus Technologies, Cbeyond Communications, CipherTrust, FORE Systems, Friendster, HNC Software, Infoseek, LIFFE, Neoteris, Netezza, Nextel, Orion Multisystems, Pixelworks, Qtera, RiverDelta, Sigmatel, Vastera and Witness Systems.


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