Venture Firm CRV increases $ 750m, down after return capital for investors


The CRV has been safe for $ 750 million to the 55-year-old fund which is 55 years old, it is is announced On Friday.

New funds are smaller than Early Fund $ 1 Billion The CRV is closed in the fall of 2022. At that time, the company also announced the choice of choice for $ 500 million, capital swimming pools to produce last portfolio.

Not amazed that the CRV raises the final fund as part of the new funding fund. Last year ago, the company told you New York Return $ 275 million from $ 500 million Choose funds to investors. The company explains that it will not increase the rest of the tamboan vehicle because follow the follow for lower company will return.

The limited partner Crv wants to produce smaller funds, the company says. Raising $ 750 million funds in four weeks, with a double request, the CRV writes.

The latest funds will be used to invest in seeds and startup series and will focus on consumer company and devtools.

The CRV is known for the seeding doordash and a circle series for Mercury and Vercel, the Cloud Platform for the Web-Developers, the most expensive $ 3.25 billion.

Since the founder of the 1970s, the CRV has avoided more than 750 starters, with 80 of them will move forward.

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