Battery Ventures is a venture capital and private equity firm that invests principally in the
technology markets. Operating from offices in Boston, Massachusetts, Menlo Park, California, San
Francisco, California, New York, New York, London, UK and Tel Aviv, Israel. Battery Ventures
provides investment management services to pooled investment vehicles (the “BV Funds”) that are
exempt from registration under the Investment Company Act of 1940, as amended, and whose
securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”).
BV Funds have been investing since 1983. Battery Management Corp., which is 100% owned by
Battery Management Company, LLC (“Battery Management LLC”), a Delaware limited liability
company, was incorporated in March 1999. No one owns 25% or more of Battery Management
LLC.
Battery Management Corp. provides investment advisory services to the BV Funds with respect to
the acquisition, management and disposition of primarily private-company securities across a range
of sectors in the technology industry pursuant to an Advisory Agreement among Battery
Management Corp., Battery Management LLC, the BV Funds and the general partner entities of all
BV Funds (the “GP Entities,” each a “GP Entity”). The investment advice that Battery
Management
Corp. provides to each BV Fund is subject to the overall direction and control of such BV Fund’s
GP Entity.
Battery Ventures Israel, Ltd. is a relying adviser and affiliate of Battery Management Corp. and
aids in identifying prospective portfolio companies for investment primarily in Israel and the
surrounding region. Battery Ventures Israel, Ltd. is a wholly-owned subsidiary of Battery
Management LLC.
BMC UK Subadvisor Support Ltd. is a relying adviser and affiliate of Battery Management Corp.
and aids in identifying prospective portfolio companies for investment primarily in the UK and
Europe. BMC UK Subadvisor Support Ltd. is a wholly-owned subsidiary of Battery Management
LLC and is registered with the Financial Conduct Authority (“FCA”) in the United Kingdom.
Each BV Fund has specific investment guidelines and restrictions as set forth in the BV Fund’s
operating and/or offering documents. Investors in the BV Funds do not have the ability to impose
specific investment objectives or additional restrictions on the BV Funds.
As of December 31, 2023, Battery Management Corp. had approximately $16,010,604,706 in
regulatory assets under management, all of which are managed on a discretionary basis by Battery
Management Corp. or its relying advisers.