CRV (venture capital firm)
American venture capital firm focused on early-stage tech investments From Wikipedia, the free encyclopedia
CRV is a venture capital firm focused on early-stage investments in technology. The firm was founded in 1970 to commercialize research that came out of MIT. Its name comes from the Boston area Charles River.
| |
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 1970 |
| Headquarters | Palo Alto, California, United States |
| Products | Investments |
| Total assets | $4.3 billion |
Number of employees | 20+ |
| Website | www |
History
The firm has raised over $4.3 billion since inception across 18 funds. Upon closing of the 16th fund, the firm rebranded to CRV.[1] Prior to that, CRV's 15th fund closed in February 2012 with $375 million of investor commitments.[2] CRV's 14th fund raised $320 million of commitments.[3]
In 2013, it purchased a large portion of Pebble Technology for $15 million and is credited as the primary reason why Pebble was sold to Fitbit in December 2016. This netted CRV nearly $40 million.[4]
In 2024, CRV returned 275 million dollars from the 500 million it had raised in its current fund back to investors, stating that their focus would shift away from late-stage investments and toward the early stage.[5]
Among CRV's portfolio companies are Aveksa,[6] mabl,[7] OneLogin,[8] Stella,[9] Sybase,[10] Yammer,[11] and Zendesk.[12]
References
External links
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