US EditionVenture firm CRV raises $750M, downsizing after returning capital to investors
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Venture firm CRV raises $750M, downsizing after returning capital to investors
The 55-year-old VC firm announced its twentieth fund.
·United States
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Venture firm CRV raises $750M, downsizing after returning capital to investors | Tech, Entertainment, Sport, Fashion, Travel News
CRV has secured $750 million toward the 55-year-old venture firm’s twentieth flagship fund, it announced on Friday. The new fund is smaller than the $1 billion early-stage fund CRV closed in the fall of 2022. At that time, the firm also announced a $500 million second Select fund, a capital pool for backing late-stage rounds of existing portfolio companies. It’s no surprise that CRV is not raising a late-stage fund as part of its new fundraise. …
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