CRV News
6 articles
growth-positive
Venture firm CRV raises $750M, downsizing after returning capital to investors | TechCrunch
CRV, a 55-year-old venture firm, has successfully raised $750 million for its twentieth flagship fund, focusing on seed and Series A startups, particularly in consumer and devtools sectors. This new fund is smaller than the $1 billion early-stage fund closed in 2022. CRV decided not to raise a late-stage fund, returning $275 million from its previous Select fund to investors, citing concerns about follow-on rounds affecting overall returns. The firm has a history of successful investments, including DoorDash, Mercury, and Vercel. Recent investments include CodeRabbit and Outtake, both utilizing AI technology.
Investment
growth-positive
CRV Closes $600M Early-Stage Fund
Venture capital firm CRV has closed a $600 million new fund, CRV XVIII, during the COVID-19 pandemic. The fund was oversubscribed and raised over 19 days of virtual meetings. CRV focuses on early-stage software investing and has a consumer practice and bioengineering investing sector. The firm has invested in companies like Glympse Bio, Fauna, Abacus Insights, and Postman. Some of its notable exits include Twitter and Zendesks IPOs, and Amazons acquisitions of Ring and PillPack.
Investment
growth-positive
CRV Raises $600M for 17th Venture Capital Fund - FinSMEs
CRV, a bi-coastal venture capital firm, has raised $600 million for its 17th fund. The fund will focus on investing in early-stage tech companies, particularly in the enterprise, consumer, and bioengineering sectors. The firm is led by a team of individuals based in San Francisco, Palo Alto, and Boston.
Investment
growth-positive
Now That Charles River Ventures Has Closed Its 16th Fund, It Wants To Be Called CRV
Charles River Ventures, also known as CRV, has closed its 16th fund worth close to $400 million. The firm will use the fund to continue investing in early-stage startups. CRV has had eight exits with valuations of $1 billion or more in the last decade, making it one of the top venture capital firms. The new fund is a slight increase from the previous one, and CRV plans to invest in 25-35 companies over the next three years. The firm has been increasing its investment in Silicon Valley startups and is focused on consumer-focused companies in the region.
InvestmentExpand
growth-positive
Charles River Ventures Raises $375 Million For Its 15th Fund
Charles River Ventures announces its 15th fund, increasing its fund size from $325 million to $375 million. The firm focuses on early-stage investments in change the world companies. It has a portfolio of successful companies including Twitter, Yammer, Millennial Media, Zendesk, and Udacity. The fund has recently seen successful exits, with over $2.6 billion in IPO market cap. Charles River Ventures pioneered early-stage seed investing and has a partnership of equals where founders can easily tap into each partners relationships and networks. The fund exceeded its $300 million target in less than two months.
Investment
growth-positive
Charles River Ventures Raises $320 Million For Its Fourteenth Fund
Charles River Ventures has raised $320 million for its fourteenth fund, bringing the total amount managed by the firm to $2.1 billion. The firm has been successful in returning $600 million to its limited partners over the past two years, with notable liquidity events including IPOs and acquisitions. Current investments include companies like Geni, Nantero, Scribd, Twitter, Vlingo, and Yammer. The article also mentions that August Capital was able to raise a new fund recently, and highlights the VCs that have been able to raise money post-financial collapse as the ones with recent positive returns.
Investment
