CRV Raises $750M for 20th Flagship Fund, Focuses on Consumer and Devtools Startups
ByAinvest
Friday, Aug 1, 2025 7:40 pm ET1min read
DASH--
The new fund's focus on consumer and devtools companies aligns with CRV's established track record. Since its founding in 1970, CRV has backed over 750 startups, with 80 of them going public. The firm is known for leading the seed financing of DoorDash and the Series A rounds of Mercury and Vercel, a cloud platform for web developers valued at $3.25 billion [1]. CRV's latest investments include AI code review startup and Outtake, a company using AI for cybersecurity [1].
CRV's decision to raise a smaller fund is not surprising, given that the firm returned $275 million from its $500 million Select fund to investors last year. The firm explained that follow-on rounds for many of its companies would lower overall returns, making it more strategic to focus on earlier-stage investments [1].
The firm's limited partners demonstrated strong interest in backing the smaller fund, with demand exceeding double the $750 million raised [1]. This indicates a high level of confidence in CRV's investment strategy and the firm's ability to generate returns for its investors.
References:
[1] https://finance.yahoo.com/news/venture-firm-crv-raises-750m-232203888.html
[2] https://www.marketscreener.com/news/crestlab-inc-announced-that-it-has-received-funding-from-east-ventures-co-ltd-ntt-docomo-inc--ce7c5fd3dd80f520
CRV, a 55-year-old venture firm, has raised $750 million for its twentieth flagship fund, its smallest to date. The new fund will focus on consumer and devtools companies and will be used to invest in seed and Series A startups. The firm has backed over 750 startups since its founding, with 80 going public. CRV is known for leading the seed financing of DoorDash and the Series A rounds of Mercury and Vercel.
Venture capital firm CRV has secured $750 million for its twentieth flagship fund, marking the smallest fund raise in the firm's history [1]. The new fund, which was raised in just four weeks, will focus on consumer and development tools (devtools) companies, investing primarily in seed and Series A startups [1]. This latest fundraise comes after CRV announced a $500 million second Select fund in late 2022, which was used to back late-stage rounds of existing portfolio companies [1].The new fund's focus on consumer and devtools companies aligns with CRV's established track record. Since its founding in 1970, CRV has backed over 750 startups, with 80 of them going public. The firm is known for leading the seed financing of DoorDash and the Series A rounds of Mercury and Vercel, a cloud platform for web developers valued at $3.25 billion [1]. CRV's latest investments include AI code review startup and Outtake, a company using AI for cybersecurity [1].
CRV's decision to raise a smaller fund is not surprising, given that the firm returned $275 million from its $500 million Select fund to investors last year. The firm explained that follow-on rounds for many of its companies would lower overall returns, making it more strategic to focus on earlier-stage investments [1].
The firm's limited partners demonstrated strong interest in backing the smaller fund, with demand exceeding double the $750 million raised [1]. This indicates a high level of confidence in CRV's investment strategy and the firm's ability to generate returns for its investors.
References:
[1] https://finance.yahoo.com/news/venture-firm-crv-raises-750m-232203888.html
[2] https://www.marketscreener.com/news/crestlab-inc-announced-that-it-has-received-funding-from-east-ventures-co-ltd-ntt-docomo-inc--ce7c5fd3dd80f520
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