Term Sheet

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Exclusive: Jason Matlof leaves Battery Ventures

September 14, 2012: 1:11 PM ET

Another VC firm cools on cleantech

FORTUNE -- Jason Matlof has quietly stepped down as a partner with Battery Ventures, Fortune has learned.

He had joined the firm's Silicon Valley office in early 2005 to focus on greentech and enterprise infrastructure investments. No specifics yet on his destination, except that it is expected to be an operating role (he had been VP of marketing and biz dev with Neoteris prior to joining Battery).

Matlof's portfolio companies had included Clean Urban Energy, FirstFuel Software, Redwood Systems, Qteros and SolarBridge Technologies.

Some of Matlof's board seats will be assumed by Battery's Tom Crotty. In general, this basically marks the end of Battery's foray into greentech investing, as it is not planning to add anyone to replace Matlof.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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