BOSTON and SAN FRANCISCO and HERZLIYA, Israel , May 16, 2018 (GLOBE NEWSWIRE) -- Battery Ventures, a global investment firm, announced that General Partner Michael Brown, a 20-year veteran of the firm, has joined the board of directors of the National Venture Capital Association, the venture industry’s main trade group.

Brown—who is based in Boston and specializes in investments in business software and financial services—joins the NVCA’s board along with six other new members, all of whom will serve four-year terms. Earlier today at its annual “VCs-to-DC” national meeting in Washington, DC, the NVCA announced the new board members as well as its new board chairman, Alexis Borisy of Third Rock Ventures.

“It’s a great honor to have an opportunity to work much more closely with the NVCA and its President and CEO Bobby Franklin to help shape the group’s policy positions and promote its advocacy work with the venture community—as well as its important work with government officials in Washington,” said Brown.

He added that “venture investors and entrepreneurs of all stripes are facing critical challenges today in areas such as capital-markets regulation, immigration policy, changes to the tax code, diversity and inclusion and broader technology policy. The NVCA will play an important role in making sure venture-backed companies can continue to grow, attract capital, create jobs and benefit the broader economy.”

The NVCA has been active recently on specific issues including patent reform; increased investment in federal basic research programs; and the creation of new visas for foreign entrepreneurs who want to start businesses in the U.S., among other activities.

Brown was previously a board member of the New England Venture Capital Association and, prior to joining Battery in 1998, worked as a financial analyst in Goldman Sachs’ financial-institutions group. He graduated from Georgetown University with a dual degree in finance and international business.

About Battery Ventures

Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.

About National Venture Capital Association

Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community’s preeminent trade association, the NVCA serves as the definitive resource for venture capital data and unites its member firms through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.

CONTACT:

Rebecca BuckmanVice President, Marketing/CommunicationsBattery Ventures becky@battery.com 650-703-0364