Market Overview

Battery Ventures Promotes Four Team Members as Part of Continuing Global, Multi-Stage Investment Strategy

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Paul Morrissey promoted to principal for work with software
companies in Europe and the U.S.; Dallin Bills, Dan Nguyen-Huu promoted
to VP

Battery Ventures, an investment firm focused on innovation and
technology worldwide, has promoted four team members across three global
offices for their work executing deals in industry sectors ranging from
business software to enterprise-IT infrastructure.

Paul Morrissey, based in Battery's London office, was promoted to
principal. He joined Battery in 2012 and focuses on growth-stage and
buyout investments--mostly business-software companies--in Europe and
the U.S. A native of Ireland, Paul is involved with Battery investments
including Quinyx, based in Sweden; PageUp, in Australia; and Gainsight,
Intacct, Nitro, PrimeRevenue and WebPT in the U.S.

Paul started his Battery career in Silicon Valley and previously worked
in Goldman Sachs' investment-banking division. Last year he was named to
Forbes' "30 Under 30" list of prominent young investors. He graduated
from Stanford.

In addition, Battery's Dan Nguyen-Huu, based in San Francisco, and
Dallin Bills, based in Boston, were both promoted to vice president.

Dan joined Battery in 2016 and focuses on early- and growth-stage
investments in markets including cloud infrastructure, cybersecurity,
open-source software and big-data analytics. A prolific blogger and
native of Germany, Dan—who previously worked on the strategy and
corporate-development team at VMware—is currently involved with
Battery's investments in Collibra, Contrast Security, Databricks, Expel,
InfluxData and Sensu. He graduated from the University of California at
Berkeley.

Dallin, who joined Battery in 2015, focuses on early- and growth-stage
investments in business-focused SaaS companies. He is currently involved
with Battery's investments in software companies AuditBoard and
InVision. Prior to Battery, Dallin was the director of sales and
operations at Lucid Software and also worked at Intuit. He graduated
from Brigham Young University.

A final team member, Viraj Parmar, also based in Boston, was promoted to
associate. Viraj has been at Battery for two years and focuses on
later-stage software investments; he is currently involved with Battery
portfolio company EDR (Environmental Data Resources). He is a graduate
of Princeton.

"This latest round of promotions demonstrates the global depth of the
Battery team, and the new talent we continue to develop," said Michael
Brown, a Battery general partner. "We are pleased to recognize Paul's
accomplishments with his promotion to principal, which highlights our
increasing presence in Europe, and also the work of Dallin, Dan and
Viraj for sourcing deals and adding value to management teams across the
Battery portfolio."

Battery Ventures provides investment advisory services solely to
privately offered funds. Battery Ventures neither solicits nor makes its
services available to the public or other advisory clients.
For
more information about Battery Ventures' potential financing
capabilities for prospective portfolio companies, please refer to our
website. For a complete list of portfolio companies, please click
here.

No assumptions should be made that any investments identified above
were or will be profitable. It should not be assumed that
recommendations in the future will be profitable or equal the
performance of the companies identified above. Please refer to Section 1
of our 
Terms
of Use
 for further information.

About Battery Ventures

Battery strives to invest in cutting-edge, category-defining businesses
in markets including software and services, Web infrastructure, consumer
Internet, mobile and industrial technologies. Founded in 1983, the firm
backs companies at stages ranging from seed to private equity and
invests globally from offices in Boston, the San Francisco Bay Area, Tel
Aviv, London and New York. Follow the firm on Twitter @BatteryVentures,
visit our website at www.battery.com and
find a full list of Battery's portfolio companies here.

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