Battelle Ventures, L.P., is a $220 million independent venture fund that invests in technology companies at many early stages of development, from companies looking for seed or start-up capital through pre-revenue and post-revenue companies raising later rounds of financing.

The fund, which is based in Princeton, N.J., is actively seeking to invest in technology companies within the following three key areas:

• Security
  

• Health & Life Sciences
  

• Energy & Environment
  

Battelle Ventures has a $35-million affiliate fund, Innovation Valley Partners (IVP), based in Knoxville, Tenn. This fund proportionately invests alongside Battelle Ventures in all deals. (For IVP Web site click here.)

Battelle Ventures enhances and adds value to its portfolio companies by leveraging the technologies and expertise of Battelle Memorial Institute (Battelle) and the National Laboratories it manages or co-manages for the U.S. Department of Energy. (For more background on the fund, click here.)