Welcome to Charged Up, a quarterly newsletter from the private equity group at Battery Ventures.
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Welcome to Charged Up, a newsletter from the private equity group at Battery Ventures.
As we move through this unusual and volatile period, Battery remains committed to serving as a helpful partner and resource to our portfolio companies as well as the broader technology and investment communities. We continue to evaluate new investment opportunities and hope everyone can stay healthy, connected and informed during this time.
In February, Battery Ventures invested in Tech Soft 3D*, a leading provider of software-development toolkits (SDKs) for companies that develop software for manufacturing and architecture, engineering and construction. Tech Soft 3D delivers building-block technologies that power innovative 3D applications and are used by leading software-development companies across sectors.
In March, Battery Ventures acquired WinWorker*, a German software maker creating innovative technology for craftspeople. WinWorker provides business-management software and mobile tools for SME craftsmen companies located primarily in Europe.
GRAS Sound & Vibration (“GRAS”)*, a global manufacturer of acoustic-measurement microphones, reached an agreement with Battery in February to join its group of companies in the acoustic test and measurement market. GRAS will operate alongside U.S.-based Audio Precision*, acquired by Battery Ventures in 2018.
Clubessential Holdings*, a leading provider of membership and club-management solutions to the private club, college athletic and health and fitness markets, announced in January the strategic acquisition of Vermont Systems Inc.*, a market leader in recreation management software for public entities.
In January, Battery-backed Enviance*, a leader in environmental, chemical-management, sustainability and ergonomics software, announced it had entered into an agreement to be acquired by Cority, a well-known EHSQ SaaS platform.
On February 12, Battery announced its thirteenth family of funds, Battery Ventures XIII and XIII Side Fund, capitalized at a combined $2 billion. It represents the firm’s largest-ever fundraise. Through the new funds, Battery will continue to focus on sectors including business software, enterprise IT, healthcare IT and industrial technologies. More details can be found in a blog post here.
After just over six years with the firm, Battery has promoted Zack Smotherman to partner. Smotherman specializes in later-stage deals in the industrial-technology sector.
Battery has hired Jordan Vallinino, a new analyst based in the firm’s Boston office. Vallinino will focus on buyout and growth-equity investments in the enterprise-software and industrial-technology markets. Previously he worked for American Dental Partners, focusing on add-on acquisitions as a member of the corporate development team.
