SCHEDULE: Battery Ventures Affiliates & Managers Report 5.1% Stake in ServiceTitan
Beneficial Ownership Report Amendment
Battery Ventures and its managing members have filed an amended Schedule 13G, disclosing beneficial ownership of up to 5.1% of ServiceTitan's Class A Common Stock as of September 30, 2025.
Summary
- Battery Ventures entities and several managing members collectively reported beneficial ownership of ServiceTitan, Inc. Class A Common Stock.
- The filing is an Amendment No. 1 to a Schedule 13G, updating a previous ownership disclosure.
- As of September 30, 2025, several individual managing members, including Neeraj Agrawal, Michael M. Brown, Jesse Feldman, Russell L. Fleischer, Roger H. Lee, Chelsea R. Stoner, Dharmesh Thakker, and Scott R. Tobin, each reported beneficial ownership of 5.1% of ServiceTitan's Class A Common Stock.
- This 5.1% ownership for individuals is primarily due to shared voting and investment authority over the shares held by various Battery Ventures funds.
- The total number of Class A Common Stock shares outstanding used for percentage calculation was 79,717,700 as of August 31, 2025.
- The reporting persons explicitly disclaim status as a 'group' for Schedule 13G purposes.
Sentiment
Score: 5
Explanation: The filing is a standard regulatory disclosure of beneficial ownership and does not contain information that would inherently drive positive or negative sentiment. It simply updates the market on the ownership structure by Battery Ventures and its managing members.
Positives
- Confirmation of significant institutional investment by Battery Ventures, a well-known venture capital firm, in ServiceTitan.
- Transparency regarding the beneficial ownership structure, including the individual managing members who collectively hold significant influence.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency on significant institutional and individual ownership, which can influence market perception and liquidity.
- Management: Awareness of significant shareholder interests and potential influence from a major institutional investor.
Key Dates
| Date | Description |
|---|---|
| 2025-02-14 | Date of original Schedule 13G filing (Exhibit 99.1 Joint Filing Agreement incorporated by reference). |
| 2025-08-31 | Date of shares outstanding calculation (79,717,700 shares) as reported in Issuer's Form 10-Q. |
| 2025-09-30 | Date of event which requires filing of this statement (beneficial ownership status). |
| 2025-11-14 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
ServiceTitan, Battery Ventures, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Venture Capital, Shareholder, Ownership Disclosure
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