MENLO PARK, CA--(Marketwired - Feb 18, 2014) - Battery Ventures, an investment firm focused on technology and innovation worldwide, announced it has promoted Chelsea Stoner to general partner.

Stoner, who joined Battery in 2006, is based in the firm's Menlo Park, Calif. office and specializes in investments in software and healthcare technology. She currently sits on the boards of "software-as-a-service" (SaaS) companies including Avalara, which develops sales-tax software for businesses; Brightree, a software company in the home-healthcare sector; and Intacct, a cloud-based, financial software company. She is also a director of Data Innovations, which makes software for clinical and blood laboratories.

Battery is announcing today that it led a $45 million financing round for Intacct, based in San Jose, Calif.

"Chelsea has played a key role in our firm's success in the software sector, and we are thrilled to welcome her into a general partnership role," said Dave Tabors, a Battery general partner. "She worked her way up to this position from her start as a senior associate and has consistently impressed us with her intelligence, strategic insights and tactical skills." Stoner also has been involved in Battery investments including Marketo (IPO); Glassdoor; Groupon (IPO); Guidewire (IPO); Practice Fusion; and RealPage (IPO).

"I could not be happier for Chelsea," added Scott McFarlane, chief executive of Avalara, a company in which Stoner first invested in 2012. "She has been a tremendous partner to Avalara through its dynamic growth, and we have really benefitted from her guidance and insights."

Stoner was previously an associate with private-equity firm Key Principal Partners. Earlier in her career she worked as a manager at Accenture and also held positions with Merrill Lynch, in Hong Kong, and at Classified Ventures

She holds a BS with honors in chemical engineering from Northwestern University and an MBA from the University of Chicago.

About Battery Ventures

Battery invests in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, e-commerce, digital media and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to buyout and invests globally from offices in Boston, Silicon Valley and Israel. To learn more, visit and follow the firm on Twitter @BatteryVentures.

Contact Information:

Rebecca Buckman
Vice President of Communications and Content
Battery Ventures