Battery Ventures has closed a new $750 million, giving it nearly $4 billion under management—and providing another sign for soothsayers looking for proof of recovery in venture capital action. The veteran VC firm, which prides itself on multi-stage investments, says Battery IX gives it the flexibility to make small investments in startups and larger investments for late-stage expansion and buyouts. BV has offices in Menlo Park, Calif., Waltham, Mass. and Herzliya, Israel.

Among its most notable investments to date: Omniture (NSDQ: OMTR), Akamai (NSDQ: AKAM), and Infoseek. Current internet and digital media companies in its portfolio show an emphasis on advertising: Spot Runner; Blue Kai (ad targeting data exchange);  FreeWheel (online video ad infrastructure); and Lotame ( social media monetization platform).

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