Reported 1 day ago
Venture capital firm CRV has raised $750 million for its twentieth flagship fund, which is smaller than its previous $1 billion fund from 2022. This fundraising comes after CRV returned $275 million to investors from its Select fund last year, explaining that it would not pursue a new late-stage fund due to potential impacts on returns. The new fund will focus on seed and Series A investments, particularly in consumer and devtools sectors, and was raised in just four weeks, indicating strong demand from limited partners.
Source: YAHOO