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Venture Capital
crv.com

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Investments

859

Portfolio Exits

238

Funds

24

Service Providers

1

About CRV

CRV (Charles River Ventures) is an investor in early-stage technology companies for more than forty years. CRV's investment partners, all of whom are experienced entrepreneurs and operators, are focused on helping to build world-changing companies that create tremendous value. CRV has recently led early investments in some of the biggest consumer and enterprise tech companies including Twitter, Yammer, Zendesk, and more. CRV has offices in Cambridge, MA and Menlo Park, CA.

CRV Headquarter Location

300 Hamilton Avenue 3rd Floor

Palo Alto, California, 94301,

United States

650-687-5600

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing CRV

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find CRV in 6 Expert Collections, including Genomics.

G

Genomics

391 items

Investors that invest in genomics AND have made at least 10 investments (across sectors) in the past 12 months

I

Identity Management

52 items

Cybersecurity companies leading in Identity & Access Management with a core product to determine identity, and/or authenticate credentials, and/or authorize appropriate access to digital and/or physical assets.

H

HR Tech

65 items

I

In-Store Retail Tech

50 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

S

Smart Money VCs (2017-2019)

24 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

U

Unicorns- Billion Dollar Startups

113 items

Latest CRV News

Now That Charles River Ventures Has Closed Its 16th Fund, It Wants To Be Called CRV

Jul 14, 2014

Posted MakerBot Comes To Select Home Depot Stores Over more than four decades, Charles River Ventures has shown tremendous longevity in the venture world. With the close of its latest fund, the firm is trying to push a rebrand as CRV , emphasizing the growth in its Silicon Valley practice. Earlier this month we reported that the firm had closed its 16th fund, which was worth close to $400 million according to SEC documents . Well, the firm has confirmed that it closed that fund, which it will use to continue investing in early-stage startups. After 44 years in the business, you figure out what works and what doesn’t. CRV has had eight exits with $1 billion valuations or above over the last decade. Only Sequoia Capital, Greylock Partners, and New Enterprise Associates have as many so-called “unicorn” exits in the same time period. Since it also invests early, CRV’s wins tend to be outsized compared to the rest of the market to the market. It was the first institutional investor in companies like Twitter, Zendesk, and Yammer, for instance. The latest fund is a small step up from the last one it closed, which was for $375 million back in early 2012 . As a result, there are certain things that haven’t changed much for CRV. For one, the firm is singularly focused on investing in early-stage startups, at the Series A level. According to general partner Jon Auerbach, the $300-$400 million range is the sweet spot for a fund like CRV, as it gives the firm more than enough money to make follow-on investments in its winners. But it’s not so overcapitalized that the firm is forced to make growth investments or go off-model. CRV plans to invest in 25-35 companies over the three-year life of the fund, with the average amount invested in each company being around $10 million. But the bulk of the fund is held in reserve for it to back companies that will have those outsized exits — whether that means an IPO or an acquisition. What has changed over the years, and will continue with the new fund, is CRV’s increased investment in startups in Silicon Valley. Originally named after the river that runs between Boston and Cambridge, the firm has spent the last decade re-inventing itself with a Silicon Valley office. After decades of betting mostly on infrastructure companies that emerged out of the Boston area, CRV opened a Silicon Valley office in 2004 and has been steadily growing its presence there. With the close of the new fund, the firm is hoping to emphasize the new-look CRV, which is increasingly focused on investing in West Coast, consumer-focused startups. It has more partners in Silicon Valley than in Cambridge, and that mix is also reflected in the types of companies it’s invested in, and the types of companies that have had the most success in the last decade. “We believe there are a finite number of change-the-world entrepreneurs… and the place that they congregate is in San Francisco and Silicon Valley,” Auerbach said. Since most of its biggest recent wins were from investments in that area, it’s probably a smart bet to keep focusing there.

CRV Investments

859 Investments

CRV has made 859 investments. Their latest investment was in Marley Medical as part of their Seed VC on October 10, 2021.

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CRV Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/14/2021

Seed VC

Marley Medical

$9M

Yes

3

10/13/2021

Series A

Cord

$12.5M

No

2

10/5/2021

Series A

Release

$20M

Yes

2

10/5/2021

Series B

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$99M

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10

9/17/2021

Series A - II

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$99M

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10

Date

10/14/2021

10/13/2021

10/5/2021

10/5/2021

9/17/2021

Round

Seed VC

Series A

Series A

Series B

Series A - II

Company

Marley Medical

Cord

Release

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Amount

$9M

$12.5M

$20M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

2

2

10

10

CRV Portfolio Exits

238 Portfolio Exits

CRV has 238 portfolio exits. Their latest portfolio exit was ClassPass on October 13, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/13/2021

Acquired

3

10/8/2021

Acquired

4

10/1/2021

Acquired

3

00/00/0000

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10

00/00/0000

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10

Date

10/13/2021

10/8/2021

10/1/2021

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

Acquirer

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Sources

3

4

3

10

10

CRV Fund History

24 Fund Histories

CRV has 24 funds, including CRV XVIII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/16/2020

CRV XVIII

$600M

2

5/11/2018

CRV XVII

Multi-Stage Venture Capital

$600M

3

7/2/2014

Charles River Partnership XVI

Early-Stage Venture Capital

$393M

1

3/6/2012

Charles River Partnership XV

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$99M

10

3/30/2009

Charles River Partnership XIV

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$99M

10

Closing Date

7/16/2020

5/11/2018

7/2/2014

3/6/2012

3/30/2009

Fund

CRV XVIII

CRV XVII

Charles River Partnership XVI

Charles River Partnership XV

Charles River Partnership XIV

Fund Type

Multi-Stage Venture Capital

Early-Stage Venture Capital

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Status

Amount

$600M

$600M

$393M

$99M

$99M

Sources

2

3

1

10

10

CRV Service Providers

1 Service Provider

CRV has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

CRV Team

25 Team Members

CRV has 25 team members, including current Chief Financial Officer, Adam Amero.

Name

Work History

Title

Status

Adam Amero

Chief Financial Officer

Current

Sachin Sood

Chief Financial Officer

Current

Izhar Armony

General Partner

Current

Jon Auerbach

Highland Capital Partners

General Partner

Current

Murat Bicer

General Partner

Current

Name

Adam Amero

Sachin Sood

Izhar Armony

Jon Auerbach

Murat Bicer

Work History

Highland Capital Partners

Title

Chief Financial Officer

Chief Financial Officer

General Partner

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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