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