Investment Summary

Battery Ventures Invests In CrunchTime

On October 1, 2015, private equity firm Battery Ventures invested in software company CrunchTime

Investment Highlights
  • This is Battery Ventures’ 18th transaction in the Software sector.
  • This is Battery Ventures’ 51st transaction in the United States.
  • This is Battery Ventures’ 6th transaction in Massachusetts.

Investment Summary
Date 2015-10-01
Target CrunchTime
Sector Software
Investor(s) Battery Ventures
Deal Type Growth Capital

Target

CrunchTime

Boston, Massachusetts, United States
CrunchTime is a provider of enterprise-management solutions for the hospitality industries. CrunchTime’s back-office solutions help customers reduce food and beverage costs, track inventory items, drive labor efficiencies, and better manage the quality and consistency of their foodservice operations. CrunchTime has been in business for 20 years, and its customers include multi-unit restaurants, cruise lines, entertainment venues, hotels and foodservice management companies around the world. CrunchTime is based in Boston, Massachusetts.

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Investor(S) 1

Investor

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 63 of 116
Sector (Software) 18 of 35
Type (Growth Capital) 21 of 36
State (Massachusetts) 6 of 6
Country (United States) 51 of 77
Year (2015) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Qognify

London, United Kingdom

Qognify is a provider of video management, video and data analytics, and PSIM/ Situation Management solutions that are deployed in financial institutions, transportation agencies, airports, seaports, utility companies, and city centers. Qognify is based in London, England.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 cVidya Networks

Plantation, Florida, United States

cVidya Networks is a global leader and innovative provider of revenue-intelligence solutions for telecom, media and entertainment service providers.

Sell $30M
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