🧠 Food for thought

Implications, context, and why it matters.

Battery’s success relies on a playbook that goes beyond capital

• The firm backs its ’founder-friendly’ reputation with a portfolio-services team that helps with hiring, sales, marketing, business development, plus day-to-day operations 1.
• Support spans the full company journey, since the firm invests worldwide from seed and venture through growth and buyout 1.
• Since founding in 1983, the approach has led to a broad record that includes more than 70 public listings and more than 200 M&A (mergers and acquisitions) events, excluding seed-stage deals 2.

A tough fundraising market pushes more money toward established firms

• Battery raised US$3.3 billion in four months, and about 80% came from existing backers, which signals a broader shakeout in the market.
• Some firms still struggle to raise funds, while institutional investors such as pension funds and university endowments put more money with established managers that have long records, including Battery’s 40-year history 2.
• Funding may keep piling into large, multi-stage firms, which leaves emerging or smaller venture capital funds with a steeper climb to raise money and win top deals.