{"id":41175,"date":"2025-08-02T06:10:07","date_gmt":"2025-08-02T06:10:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/41175\/"},"modified":"2025-08-02T06:10:07","modified_gmt":"2025-08-02T06:10:07","slug":"venture-firm-crv-raises-750m-downsizing-after-returning-capital-to-investors","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/41175\/","title":{"rendered":"Venture firm CRV raises $750M, downsizing after returning capital to investors"},"content":{"rendered":"<p id=\"speakable-summary\" class=\"wp-block-paragraph\">CRV has secured $750 million toward the 55-year-old venture firm\u2019s twentieth flagship fund, it <a href=\"https:\/\/medium.com\/crv-insights\/staying-disciplined-crvs-new-750-million-fund-doing-what-we-do-best-leading-successful-seed-527c4020443f\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">announced<\/a> on Friday.<\/p>\n<p class=\"wp-block-paragraph\">The new fund is smaller than <a target=\"_blank\" href=\"https:\/\/medium.com\/crv-insights\/despite-an-uncertain-market-crv-doubles-down-with-two-new-funds-9799c06782dc\" rel=\"noreferrer noopener nofollow\">the $1 billion early-stage fund<\/a> 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.<\/p>\n<p class=\"wp-block-paragraph\">It\u2019s no surprise that CRV is not raising a late-stage fund as part of its new fundraise. Last year, the firm told The New York Times it <a target=\"_blank\" href=\"https:\/\/techcrunch.com\/2024\/10\/02\/venture-firm-crv-returns-275-million-citing-overvaluation-of-mature-startups\/\" rel=\"noreferrer noopener nofollow\">was returning $275 million from its $500 million<\/a> Select fund to investors. The firm explained that it would not be raising another late-stage vehicle because follow-on rounds for many of its companies would lower its overall returns.<\/p>\n<p class=\"wp-block-paragraph\">CRV\u2019s limited partners were eager to back the firm\u2019s smaller fund, the firm said. It raised its entire $750 million fund in just four weeks, with demand for double that amount, CRV wrote.<\/p>\n<p class=\"wp-block-paragraph\">The latest fund will be used to invest in seed and Series A startups and it will focus on backing consumer and devtools companies.<\/p>\n<p class=\"wp-block-paragraph\">CRV is known for leading DoorDash\u2019s seed financing and the Series A rounds for both Mercury and Vercel, a cloud platform for web developers, which was last valued at $3.25 billion.<\/p>\n<p class=\"wp-block-paragraph\">Since its founding in 1970, CRV has backed over 750 startups, with 80 of them eventually going public.<\/p>\n<p>Techcrunch event<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tSan Francisco<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t|<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 27-29, 2025\n\t\t\t\t\t\t\t<\/p>\n<p class=\"wp-block-paragraph\">The firm\u2019s latest investments include <a target=\"_blank\" href=\"https:\/\/techcrunch.com\/2024\/08\/15\/coderabbit-raises-16m-to-bring-ai-to-code-reviews\/\" rel=\"noreferrer noopener nofollow\">CodeRabbit<\/a>, a startup for AI code review, and Outtake, a company that uses AI for cybersecurity.<\/p>\n","protected":false},"excerpt":{"rendered":"CRV has secured $750 million toward the 55-year-old venture firm\u2019s twentieth flagship fund, it announced on Friday. The&hellip;\n","protected":false},"author":2,"featured_media":41176,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[45,49,48,29407,29408,137],"class_list":{"0":"post-41175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-crv","12":"tag-early-stage-venture","13":"tag-entrepreneurship"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/41175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=41175"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/41175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/41176"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=41175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=41175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=41175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}