CRV Raises $750M to Focus on Seed and Series A Investments
Aug 1, 2025
CRV has closed its twentieth flagship fund, raising $750 million to invest in early-stage startups, with a focus on seed and Series A rounds. The fund is smaller than the $1 billion early-stage vehicle CRV raised in 2022, reflecting the firm’s decision to move away from late-stage investing. In 2023, it returned $275 million from a $500 million Select fund to investors, citing concerns about dilution from follow-on rounds.
Despite the smaller size, the new fund was raised in just four weeks and was significantly oversubscribed, highlighting strong support from limited partners. CRV plans to focus its investments on consumer startups and developer tools, continuing a strategy that has included early bets on companies like DoorDash, Mercury, and Vercel.
With over 750 startups backed over its 55-year history — and 80 going public — CRV remains a major player in early-stage venture capital. Recent deals include CodeRabbit, an AI-powered code review platform, and Outtake, which uses AI in cybersecurity, signaling the firm’s continued interest in infrastructure and developer-focused innovation.
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