Charles River Ventures, an investor in consumer and enterprise-focused startups, has raised $393 million for its 16th fund.
The company disclosed the news in a filing today with the U.S. Securities and Exchange Commission.
CRV, as it’s commonly known, focuses on Series A deals, with “occasional” investments in seed or Series B rounds, according to its website. That stance distinguishes it a bit from other firms that fund startups’ first few years of life.
The firm did not immediately respond to VentureBeat’s request for comment.
It’s also an investor in IPO-bound Dropbox.
Izhar Armony, Jon Auerbach, Saar Gur, Devdutt Yellurkar, and George Zachary are listed in the filing.
Their new fund eclipses the previous one, which had $375 million.
The firm started in 1970 and has offices in Cambridge, Mass., and Menlo Park, Calif.
Founded in 1970, Charles River Ventures is bi-coastal venture firm. With a 42-year history, it is one of the nation's oldest and most successful early-stage venture capital firms. CRV is dedicated to helping exceptional entrepreneurs t... read more »
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