Charles River Ventures raises $375 million startup fund
Venture firm says it intends to focus investments from its latest fund on startups with, "disruptive technologies, teams and business models."
Charles River Ventures today announced that it's keyed in a $375 million fund to continue its investments in technologies.
CRV intends to focus investments from its latest fund on startups with, "disruptive technologies, teams and business models." Startups like Hubspot, Vlingo, Yammer and Zendesk, all count themselves among CRVs investments.
"CRV has seen consistent liquidity from our portfolio over the last decade, with 21 major liquidity events, IPOs and company acquisitions since the collapse of the bubble," said CRV general partner Izhar Armony.
Interest in its new fund was so strong, CRV found itself turning away would-be investors. "Due to the demand in the fund, we unfortunately had to turn away many prospective investors but we needed to do so in order to remain committed to small and focused funds," said Jon Auerbach, a general partner at the firm.
CRV XV is the 15th fund raised by Charles River Ventures.