Battery Ventures Monthly Digest: July 2024

The month of June was jam-packed with great updates, from our investment-team promotions to even more great research and insights from our global team. Get up to speed on our June activities below.

In the software industry, higher annual recurring revenue (ARR) generally leads to a higher valuation. But for non-software technology businesses, it is historically more difficult for private-equity investors, industry analysts and leaders to evaluate current — and future — value. Luckily, our Industrial Technology and Life-Science Tools (ITLST) team has the answer: the Revenue-Quality Podium, a new framework that tracks value creation as non-software technology businesses transition to a higher share of high-quality revenue.

We are proud to announce that Satoshi Harris-Koizumi is our newest partner! Congratulations to Toshi and Collier Searle , our newest principal; Maximilian Jessen and Stefan Momic , our newest vice presidents; and Jack McGuinness and Grace H. , our new associates.

Congratulations to our General Partner Roger Lee , who was named to the 2024 Forbes Midas List, an annual ranking of the world’s top venture capitalists!

What do Jerry Seinfeld, the 2024 Olympics and our General Partner Zack Smotherman have in common? They were all featured in a Fortune Magazine feature from Allie Garfinkle about our ITLST team and the Revenue-Quality Podium.

Battery was profiled in the Newcomer VC Directory, which has all the details on our portfolio, active funds and leadership team.

Our Partner Marcus Ryu , former CEO and co-founder of Guidewire Software *, delivered a rousing call to arms for fellow technology founders in “The Startup as Insurgent,” a call originally delivered at our 2024 CloudNY event, co-hosted with FirstMark Capital.

As we enter a new era of marketing measurement, there’s a lot for metric-savvy marketers to get excited about, according to Michael Brown , Dallin Bills and Adam Piasecki in their latest market deep-dive.

Automation is having a significant impact on the future of the legal industry, from contract management to legal research and intelligence and beyond. Learn more from Neeraj Agrawal , Brandon Gleklen and Hailey Wilcox in their latest post.

In order to maximize marketing's impact, you need a full-funnel strategy, according to Rene Bonvanie , our entrepreneur in residence who led marketing at Palo Alto Networks from the company’s early days as a tiny startup to one with over $3 billion in annual revenue, in his latest blog post.

There are so many considerations when choosing the right investment partner—it takes more than capital to fuel growth. That’s where our portfolio-services team comes in. Learn more about our portfolio-services group in our new overview video.

Stephanie Buscemi , chief marketing officer of Confluent *, joined Bill Binch for an episode of “Sound Bites” that explores data-driven marketing and how AI is changing the game.

Dennis Lyandres , former chief revenue officer of Procore Technologies , shared what it takes to grow a company from $10M in ARR to nearly $1B on another episode of “Sound Bites” with Bill Binch .

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.

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.