Venture CRV raises $ 750 million, reducing its size after returning the capital to investors

CRV received $ 750 million in favor of the leading fund for the 55 -year -old projects. Declare Friday.

The new box is smaller than Early phase fund worth one billion dollars CRV was closed in the fall of 2022. At the time, the company also announced the Select Second fund worth $ 500 million, a capitalist rally to support tours in the late stage of the current governor companies.

It is not surprising that CRV does not collect a late box from the stage as part of the new donation collection. Last year, the company told the New York Times It was returning 275 million dollars from 500 million dollars Select the fund for investors. The company explained that it will not raise another car in the late stage because the follow -up rounds of many of its companies will reduce their total revenues.

The company said that the limited CRV partners were keen to support the company’s smaller box. It raised its entire fund of $ 750 million in only four weeks, with the demand for this double amount.

The latest investment fund will be used in startups and series A, and will focus on supporting consumer and Devtools companies.

CRV is famous for financing the pioneering DooDash seeds and chain tours for both MERCURY and Vercel, a cloud platform for web developers, which amounted to the last value of $ 3.25 billion.

Since its establishment in 1970, CRV has supported more than 750 startups, with 80 of them in the end.

It includes the latest investment of the company CoderabbitStartup to review the artificial intelligence code, and Outtake, a company that uses artificial intelligence for cybersecurity.