In a move that marks the evident turnaround in the venture capital (VC) arena, veteran VC firm Battery Ventures recently announced that it has closed its $750 million ninth fund – BV IX – which gives it almost $4 billion under management. The company revealed that nearly 85 percent repeat investors and 15 percent new investors provided the capital base for BV IX.

Noting that multi-stage investments is its forte during the almost 25 years of its existence, BV said that its new fund will provide the company the requisite flexibility to make both small as well as large investments – respectively in startups and for late-stage venture, growth equity and acquisitions.

Conducting its operations from offices in Menlo Park, Calif., Waltham, Mass. and Herzliya, Israel, BV has largely been investing in driven entrepreneurs and high-potential businesses which are diversified along all the three key dimensions: sector, stage and geography.

The chief sectors in which BV invests – at different stages – include Internet and Digital Media, Clean Tech, Software, Financial and Information Services, Enterprise IT, Semiconductors, Industrial Technologies, and Communication Services. Though the investments of the firm are global in nature, a large chunk of its investments pertain to businesses in North America, Israel and India.

The most noteworthy of BV’s investments thus far include - Omniture, Akamai, and Infoseek; as well as advertising venture like Spot Runner; Blue Kai; FreeWheel; and Lotame.