Battery Ventures raises $3.25bn fund to invest in global technology and AI

Battery Ventures has raised $3.25bn in new investment in technology companies around the world, as it doubles down on artificial intelligence and enterprise software opportunities.

The new vehicle, Battery Ventures XV, was oversubscribed and closed in one round, marking one of the largest recent fundraisings in the technology-focused private market and venture capital.

The Boston- and San Francisco-headquartered company said the fund will support businesses across the US, Europe and Israel, investing from seed and early stages to growth equity and buyouts.

This increase follows a strong exit year, with the Battery announcing 15 exit events in 2025. Over the past five years, its funds have generated more than $10bn, reflecting what the company describes as its platform diversification 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 important moments in the history of technology,” he said. “We believe our global reach and long-term focus on software and business technology position us well to capitalize on this opportunity.”

Battery plans to make new investments across application software, infrastructure software, including data, AI, engineering 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 research-led investment model that integrates businesses and the stock market.

Jesse Feldman, general partner who leads the Battery practice for industrial tech and life science tools, said the firm sees continued strength across the US and European markets. “We are highly selective investors focused on driving tangible value in exceptional businesses,” he said, adding that the funds will be used to support research and development, sales expansion and targeted acquisitions.

Battery has invested in more than 530 companies worldwide since inception, leading to 73 IPOs and more than 225 mergers and acquisitions. The company has been operating in Europe since 2005, completing more than 150 jobs in the UK and 12 other European countries.

Late last year, Battery moved to a new London office to strengthen its operations in Europe, demonstrating a long-term commitment to the region’s technology space.

The firm also strengthened its leadership team, promoting Marcus Ryu, founder and former CEO of Guidewire Software, to general partner, along with internal promotions and the addition of Barak Schoster as a partner in Tel Aviv.

As AI investment accelerates globally and competition intensifies among commercial companies, the latest battery fund positions it to compete aggressively across early-stage innovation and large-scale technology acquisitions in what it describes as a defining moment for the industry.