CRV raises $600 mln for early-stage and growth investing


Bi-coastal venture firm CRV announced it has raised $600 million for its 17th fund. The firm raised near $400 million for its previous fund, which closed in 2014. The new vehicle will invest in early-stage tech, but with an additional mandate for growth investing.

The firm had initially set out last year to raise a main early-stage fund at $450 million and its first growth fund at $400 million, according to a pair of regulatory documents filed last year.

Fund XVII will focus on the enterprise, consumer and bioengineering sectors.

Source: Medium blog post

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