CRV, LLC
CRV, LLC is a Seed and Series A fund in the US, Israel, Canada and United Kingdom writing $100K–$20M checks into AI, Developer Tools, Enterprise, Fintech, Marketplaces, Security, consumer-internet, healthcare-tech, deeptech and bioengineering.
- Stages
- Seed, Series A
- Sectors
- AI, Developer Tools, Enterprise, Fintech, Marketplaces, Security, consumer-internet, healthcare-tech, deeptech, bioengineering
- Check size
- $100K–$20M
- Invests in
- US-wide, Israel, Canada, United Kingdom
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1970
- Assets under management
- $6.2B
Thesis
CRV, formerly Charles River Ventures, is a venture capital firm founded in 1970, specializing in early-stage technology investments. Their primary focus is on Seed and Series A rounds, aiming to be the lead investor with a "first term sheet" approach. CRV's investment thesis, "power to the person," prioritizes products with strong product-led growth (PLG) dynamics. Geographically, they focus on the United States, particularly Silicon Valley and the Boston/MIT ecosystems, and also invest in Israel, Canada, and the United Kingdom. Key sectors include Enterprise Software/SaaS, Consumer Internet/Marketplaces, Developer Tools/Infrastructure, AI/ML, Digital Healthcare, Fintech, Cybersecurity, and Deeptech/Bioengineering. CRV aims for rapid decision-making (24 hours) and building lasting founder partnerships. The firm recently closed its twentieth fund, CRV XX, at $750 million, a strategic move to concentrate on early-stage deals, following a $1 billion Fund XIX in 2022. CRV manages substantial assets, with recent AUM figures around $1.5 billion and $6.2 billion, and has raised over $4.3 billion across more than 20 funds. Their typical check size ranges from $1 million to $15 million, with some sources indicating $1 million to $20 million, or even $100K to $50M.
Common questions
Does CRV, LLC invest at the Seed stage?
Yes. CRV, LLC lists Seed and Series A among the stages it invests in.
What check size does CRV, LLC write?
CRV, LLC writes $100K–$20M checks.
Where does CRV, LLC invest?
CRV, LLC invests in the US, Israel, Canada and United Kingdom.