Internet Explorer is not supported by our website. For a more secure experience, please use Chrome, Safari, Firefox, or Edge.

Roger Lee

General Partner
Menlo Park
Joined Battery in 2001
Focus Areas: Consumer
"Grateful for everything, entitled to nothing."

Roger is a former entrepreneur who invests in sectors including e-commerce, online gaming, digital health, financial technology/blockchain and online education. He has a particular focus on companies offering products and services through online marketplaces and is the creator of the Battery Marketplace Index.

Roger is a former entrepreneur who invests in talented founders building innovative consumer-technology companies in sectors including e-commerce, online gaming, digital health, financial technology/blockchain and online education, among others. He has a particular focus on companies offering products and services through online marketplaces and, in 2019, introduced the Battery Marketplace Index, which tracks the world’s largest, publicly traded marketplace businesses.

Roger’s current consumer investments span these sectors and include Belong; Coinbase (NASDAQ: COIN); Encore; Epic!; Flyhomes; Forte; Gen.G; Marco Polo; Modern Health; Niantic; PlayVS; Rally; Scopely; StockX; and Wag!. His previous, exited consumer investments are Angie’s List (NASDAQ: ANGI); Groupon (NASDAQ: GRPN); HotelTonight (acquired by Airbnb); SafetyWeb (acquired by Experian); Send the Trend (acquired by QVC); TrialPay (acquired by Visa); Trip.com (acquired by Ctrip); and World Golf Tour (acquired by TopGolf).

Roger also has been an active investor in business-focused software companies. His previous software investments include 6Sense (acquired by Insight); BlueJeans Network (acquired by Verizon); BlueKai (acquired by Oracle); Boost Media (acquired by AdLabs Technology); Cask (acquired by Google); Earnest (Acquired by Navient); FreeWheel (acquired by Comcast); Gainsight (acquired by Vista Equity); Insitu (acquired by Boeing); Platfora (acquired by Workday); Upsight; and Vera (acquired by HelpSystems). He remains involved with business-software companies BrightEdge, Entelo, Live Intent, Lotame, Narvar and PrimeRevenue. Roger also has been involved with seed investment eShares.

Before joining Battery, Roger spent 10 years as an entrepreneur and operator. He was the co-founder and president of NetMarket, an ecommerce company that executed the first retail transaction on the Internet in 1994. NetMarket was acquired by Cendant Corporation. Roger also co-founded Corio, a leading managed-service provider that went public and was later acquired by IBM. Finally, he co-founded SMART, a non-profit that provides disadvantaged students access to educational opportunities, personal experiences and social support services to foster academic excellence and access to a college education. Roger has been named to the Forbes Midas List many times. He is also a member of and is currently serving as the president of the Yale University Council.

The Battery Marketplace Index tracks the performance of marketplace companies in the public markets, and highlights Battery’s marketplace thesis.


CNBC.com discusses the new SPAC trend with Roger.


Roger discusses his portfolio company StockX’s latest funding round, and its broader market opportunity, with the Wall Street Journal.


Roger chats with Forbes about the direct listing of Coinbase and his conviction that it is a seminal industry moment for blockchain innovation, akin to the Netscape IPO creating a huge number of new Internet applications.


Veteran games journalist Dean Takahashi gets Roger’s take on the Roblox IPO.


Roger sits down with Gainsight CEO Nick Mehta to discuss the marriage-like relationship between CEOs and their investors.


Roger discusses the Coinbase IPO in CNBC and Forbes.


Roger provides insights on investment trends in the category of mental health and wellness in Reuters.