CRV recently announced that it has successfully secured $750 million for its twentieth flagship fund, marking a significant milestone for the 55-year-old venture firm.
The latest fund raised by CRV is smaller than the $1 billion early-stage fund the firm closed in 2022. Additionally, CRV also introduced a $500 million second Select fund during the same period to support late-stage rounds for existing portfolio companies.
Unlike previous fundraise efforts, CRV decided not to include a late-stage fund in its latest initiative. This decision was influenced by the firm’s commitment to maintaining high overall returns for its investors.
Despite this strategic shift, CRV’s limited partners showed strong support for the smaller $750 million fund, with the entire amount being raised in just four weeks. The firm even noted that there was demand for double the initial fundraising target.
The primary focus of the new fund will be on investing in seed and Series A startups, particularly in the consumer and devtools sectors. This aligns with CRV’s track record of successful investments, including leading DoorDash’s seed financing and backing companies like Mercury and Vercel.
Since its inception in 1970, CRV has backed over 750 startups, with 80 of them eventually going public, highlighting the firm’s expertise and experience in the venture capital space.
Techcrunch event
San Francisco
|
October 27-29, 2025
Recent investments made by CRV include CodeRabbit, a startup specializing in AI code review, and Outtake, a company leveraging AI for cybersecurity solutions.
