CRV Raises $750M for New Fund, Scales Back After Returning Capital
Venerable Silicon Valley venture firm CRV has closed a $750 million twentieth fund, marking a strategic downsizing of its operations. The firm returned significant capital to limited partners from its prior fund, opting to manage fewer partners and companies going forward. This shift reflects CRV’s renewed focus on early-stage investments amidst a changing VC landscape. The firm will continue to emphasize seed and Series A rounds in sectors like enterprise software, fintech, and consumer tech.
CRV’s move signals a broader trend of venture firms adapting to a more disciplined, post-boom funding environment.
About the Author
