Battery Ventures is the Third Largest Investor of IPO Candidate ExactTarget

ExactTarget, an Indianapolis-based provider of cross-channel interactive marketing solutions, announced last week that it filed a registration statement with the SEC relating to a proposed IPO. The number of shares and the price range have not been determined.

Battery Ventures, founded in 1983, has raised $4 billion since inception and is investing BV IX, a $750 million fund. General partner Tom Crotty has sole voting and dispositive power over the shares held in ExactTarget.

From ExactTarget’s S-1 registration statement:

Shares Beneficially Owned Prior to this Offering						Shares Beneficially Owned After this Offering
Name of Beneficial Owner	Number				Percentage		Number		Percentage
5% Stockholders:
Entities affiliated with Technology Crossover Ventures(1)		7,218,594				25.8
Entities affiliated with Greenspring Associates(2)		4,990,506				17.8
Entities affiliated with Battery Ventures(3)		4,904,106				17.5
Scale Venture Partners III, L.P.(4)		1,997,687				7.1