Battery Ventures Monthly Digest: April 2023

We closed out the first quarter of the year with a bang, releasing new research, thought leadership and more. Check out some of the highlights from the past month below.

We issued our latest State of Cloud Software Spending report, authored by Scott Goering , Evan Witte , Danel Dayan and Patrick Hsu . This report is a follow-on to our September 2022 report, which queried 100 chief technology officers, chief information officers and other tech buyers across industries ranging from financial services to healthcare to manufacturing. Collectively, the survey respondents represent $30 billion in annual technology spend.

In the first of a series of articles on key findings from our latest State of Cloud Software Spending report, TechCrunch ’s Alex Wilhelm explored the resilience of cloud-software spending and the path ahead for software startups.?

TechCrunch ’s Anna Heim penned an article on how founders should consider pursuing more cloud-marketplace deals, leaning on findings from our latest State of Cloud Software Spending Report.?

We were named to the GrowthCap ** Top 25 Growth Equity Firms listing. GrowthCap’s criteria for selecting this year’s firms “focused on the firms’ abilities to consistently identify investment opportunities, create value for portfolio companies, retain talent, and optimize outcomes for all stakeholders involved.”

The generative AI market map from our latest State of Cloud Software Spending report was featured as one of the eight charts that explain tech today in Eric Newcomer ’s Newcomer newsletter on Substack .

In partnership with portfolio company Smartling *, we’ve translated our website into French and German. Battery General Partner Morad Elhafed penned a blog on the process and our expanded deal efforts in Europe.?

For the HR suite, the leave-of-absence management process can be immensely complex, as Michael Brown , Dallin Bills and Aaron Neil wrote for the Battery blog — as there are different layers of leave policy set at the federal, state, municipal and company levels. There are significant opportunities for technological disruption to make leave-of-absence management more efficient, effective and compliant.?

We wrote for the Condensing the Cloud Substack about our State of Cloud Software Spending report, with a special focus on advice to founders navigating today’s environment.?

What do peaches and SaaS companies have in common? More than you’d think, as Battery Principal Brandon Gleklen explored in his Condensing the Cloud Substack post about how markets are shifting to valuing profitability over growth and how that will affect the founders of today (and tomorrow).?

Battery portfolio companies are hiring for remote and in-person positions, including sales, engineering, HR, marketing and more.?

*?Denotes a Battery portfolio company. For a full list of all Battery investments, please click?here .

** GrowthCap LLC, an independent third party not associated with Battery Ventures, issued this award. Battery Ventures submitted a nomination on behalf of a selection of its personnel and paid a fee in connection with the application. This recognition is not indicative of future performance and is solely the opinion of the party conferring the award.

This material is provided for informational purposes, and it is not, and may not be relied on in any manner as, legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or investment vehicle managed by Battery Ventures or any other Battery entity. Content obtained from third-party sources, although believed to be reliable, has not been independently verified as to its accuracy or completeness and cannot be guaranteed. Battery Ventures has no obligation to update, modify or amend the content of this post nor notify its readers in the event that any information, opinion, projection, forecast or estimate included, changes or subsequently becomes inaccurate.