Venture Capital Firms in Bay Area – Charles River Ventures – Menlo Park, CA – 30/50

Venture Capital Firms in Bay Area – Charles River Ventures – Menlo Park, CA – 30/50

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Venture Capital Firms in Bay Area – Charles River Ventures – Menlo Park, CA – 30/50

Early Stage
Other Areas of Focus: Enterprise and Consumer Technologies
Total Capital: NA
Notable Investments: Dropbox, ZenDesk, GreatCall, DoorDash, Cloudgenix

Charles River Ventures (CRV) is a venture capital firm focused on early-stage investments in technology and new media companies. The firm, which is based in Cambridge, Massachusetts and Menlo Park, California, was founded in 1970 to commercialise research that came out of MIT. Its name comes from the Charles River that starts in Hopkinton and divides Boston and Cambridge.

History

The firm has raised over $3.7 billion since inception across 17 funds. Upon closing of the 16th fund, the firm rebranded to CRV. Prior to that, CRV XV, closed in February 2012 with $375 million of investor commitments.CRV’s 14th fund raised $320 million of commitments.

In 2013, it purchased a large portion of the Pebble Smartwatch for 15 million dollars and is credited as the primary reason why Pebble was sold to Fitbit in December 2016. This netted Charles River Ventures nearly 40 million dollars.

Among CRV’s portfolio companies are Airtable, Amgen, Aveksa, Blippy, Cascade Communications, ChipCom, Ciena Corporation, ClassPass, Continental Cablevision, Crushpath, DoorDash, Drift, Earbits, Fiksu, iBasis, Netezza, OneLogin, Parametric Technology Corporation, PillPack, Ring, SimpliVity, Sonus Networks, SpeechWorks, Stella, Stratus Technologies, Sybase, Twitter, Udacity, Vignette Corporation, Yammer, and Zendesk. 

CRV
CRV has been a leading investor in early-stage technology companies for almost half a century, backing nearly 400 startups in its history.

Categories  Consumer, Enterprise, Venture Capital

Headquarters Regions  San Francisco Bay Area, Silicon Valley, West Coast

Founded Date 1970

Operating Status Active

Number of Employees 11-50

Also Known As fka Charles River Ventures

Child Hubs  CRV Portfolio Companies

 

Investor Type  Venture Capital

Investment Stage  Early Stage Venture, Late Stage Venture, Seed

Number of Exits 121

 

CRV has been a leading investor in early-stage technology companies for almost half a century. The firm has backed nearly 400 startups in its 47-year history, including foundational companies like Twitter, Zendesk, Amgen, Hubspot, Parametric Technologies, Yammer, EqualLogic and Sonus Networks. Half of the companies CRV has backed have gone public or been acquired. The firm focuses on enterprise, consumer and deep insight bioengineering.

CRV has offices in Palo Alto, CA and Cambridge, MA. Visit us at CRV.com and follow us @CRV.

CRV
Type
 Private
Industry Private equity
Founded 1970
Headquarters Cambridge, Massachusetts, United States
Products Venture capital
Total assets $3.7 billion
Number of employees
 20+
Website www.crv.com