First Outside Round
Battelle VenturesBattelle Ventures Contact: Tracy Warren
Battelle Ventures, L.P., and its affiliate fund, Innovation Valley Partners (IVP), have a combined $255 million under management to create and accelerate the development of early-stage technology companies with breakthrough solutions to key market problems. The funds enjoy close relationships with the technology transfer offices of the National Laboratories that Battelle Memorial Institute (Battelle) manages or co-manages for the U.S. Department of Energy. They also have established similar associations with a number of university tech transfer and commercialization departments.
The two funds, which invest side by side in all deals, actively seek to invest in the following three key areas: Health & Life Sciences, Energy & Environment, and Security. Within our energy and environment focus area we have invested in Aldis (traffic management for energy efficiency), Ampulse (solar), ImageTree (advanced forest management technology), Planar Energy (battery technology), and SmartSynch (smart metering). Our investments to date have ranged from $500K to $3 million.