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Neeraj Agrawal

General Partner
Boston
Joined Battery in 2000
Focus Areas: Application Software, Consumer, Infrastructure Software
"Standing side-by-side with early-stage, cloud founders on their path to an IPO is a huge privilege. I’ve learned so much from CEOs with whom I’ve partnered and love sharing that wisdom."

Neeraj, who writes and speaks frequently on software and other industry topics, focuses on B2B software investments and coined the “T2D3” growth paradigm for SaaS companies.

Neeraj, a prolific investor who has backed many high-profile, B2B software companies, joined Battery in 2000. He is a prominent industry thought leader on scaling cloud-software companies and, in 2015, introduced the “T2D3” growth metric for methodically growing SaaS enterprises. His team at Battery for many years released a widely read, annual (now quarterly) report on the state of the software industry, and each year Neeraj helps headline the annual, invite-only “CloudNY” conference for CEOs of breakout cloud and SaaS companies that Battery produces with partner Firstmark Capital. Neeraj is also behind the influential, annual Highest Rated Cloud-Computing Companies to Work For list, which Battery publishes with data supplied by Glassdoor, a former portfolio company.

Neeraj’s investments that have staged IPOs include Amplitude (NASDAQ: AMPL); Bazaarvoice (NASDAQ: BV); Braze (NASDAQ: BRZE); Coupa (NASDAQ: COUP); Guidewire Software (NYSE: GWRE); Marketo (NASDAQ: MKTO, acquired by Vista Equity Partners); Nutanix (NASDAQ: NTNX); Omniture (NASDAQ: OMTR, acquired by Adobe); RealPage (NASDAQ: RP); Sprinklr (NYSE: CXM); and Wayfair (NYSE: W).

He also invested in several companies that have experienced M&A events, such as A Place for Mom (acquired by Warburg Pincus); AppDynamics (acquired by Cisco); Brightree (acquired by ResMed); Chef (acquired by Progress); Glassdoor (acquired by Recruit Holdings); Internet Brands (acquired by Hellman & Friedman); Kustomer (acquired by Meta); OpsGenie (acquired by Atlassian); Optimizely (acquired by Episerver); Stella Connect (acquired by Medallia, Inc.); VSS Monitoring (acquired by Danaher); and Yesware (acquired by Vendasta Technologies). Neeraj also played a key role in several other Battery investments including Groupon (NASDAQ: GRPN); ITA Software (acquired by Google); and Sabre (NASDAQ: SABR).

Neeraj is currently on the boards of Braze, Catchpoint, Coefficient, Compt, Dataiku, Level AI, LogRocket, Pendo, Reify Health, Repeat, Shortcut, Sprinklr, Tealium, Wunderkind, and Workato.

Neeraj was recognized on the Forbes Midas List, which ranks the top 100 venture capitalists in the world, for ten consecutive years. In 2019, he cracked the top ten on the list by reaching number nine. In 2017, Neeraj was named to the Top 20 Venture Capitalists Worldwide by the New York Times. Neeraj has provided insights on current market trends in publications including The Wall Street JournalThe Boston GlobeCNBC.comForbesTechCrunch and The New York Times. Prior to Battery, Neeraj worked as a product manager at RealNetworks and an operating executive at SkyTV. Neeraj holds a BS in computer science from Cornell and an MBA from the Harvard Business School.

Follow Neeraj on Twitter @NeerajVC and his latest posts on Battery’s blog.

Following on Neeraj’s TechCrunch post in which he coined the term ‘T2D3’, he discusses another founder journey: the transition from founder/CEO to CEO/founder.


Neeraj discusses how investors are valuing growth in 2021 with TechCrunch.


Neeraj discusses Salesforce’s acquisition of Slack with CNBC.


Neeraj discusses 2020 IPO trends with CNBC.


Neeraj shares the advice he is providing his portfolio companies on navigating the dislocation caused by the Covid-19 crisis in TechCrunch.


The NVCA profiles how portfolio company Sprinklr and Battery “build better” together.


Neeraj discusses how to build a billion-dollar startup on-stage at TechCrunch Disrupt.


Neeraj weighs in on 2017 executive orders aiming to restructure U.S. immigration policy with Reuters.


Neeraj discusses the cloud-technology transformation with CNBC.


Battery teams up with Glassdoor to reveal the 50 highest-rated private and the 25 highest-rated public cloud companies to work for.


Nasdaq’s #MeetaVC Campaign features a Q&A with Neeraj.