Battery Ventures, a technology-focused investment firm, has made an additional investment in Forterro, a provider of enterprise-resource planning (ERP) software for the industrial midmarket.
The details of the investment are not disclosed.
With the investment, Battery Ventures holds a significant minority share of Forterro. Battery Ventures earlier this year sold Forterro to Partners Group, a leading private markets firm for €1 billion.
Battery Ventures will continue to be involved in helping to scale Forterro as the company pursues its vision for growth under Partners Group’s ownership.