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CRV

North America, California, United States, Palo Alto

Description

CRV, formerly Charles River Ventures, stands as one of the most enduring and respected venture capital firms in the United States, having been founded in 1970. With a rich history spanning over five decades, the firm has consistently focused on identifying and nurturing groundbreaking technology companies from their earliest stages. Headquartered in Palo Alto, California, with an additional presence in Boston, CRV has established itself as a prominent early-stage investor, primarily targeting Seed, Series A, and Series B rounds across the enterprise, consumer, and deep tech sectors.

The firm's investment philosophy centers on building deep, long-term partnerships with founders, often taking a lead role in funding rounds. CRV is known for its high-conviction approach, providing not just capital but also strategic guidance and operational support to help portfolio companies scale rapidly. Their expertise spans a wide array of technological innovations, from SaaS and cybersecurity to fintech, developer tools, and consumer platforms. This broad yet focused strategy has enabled them to back numerous category-defining companies that have gone on to achieve significant market impact.

CRV continues to be an active and well-capitalized investor in the venture ecosystem. In March 2024, the firm announced the closing of CRV XVIII, a new fund totaling $700 million dedicated to early-stage technology investments. This latest fund underscores their ongoing commitment to supporting the next generation of innovators. Typically, CRV's initial check sizes range from $1 million for promising Seed-stage ventures to upwards of $20 million for leading Series A or B rounds, reflecting their flexibility and capacity to support companies through critical growth phases. Their impressive portfolio includes notable successes such as DoorDash, Zendesk, Snowflake, Airtable, and Datadog, among many others, showcasing their consistent ability to identify and back future market leaders.

Investor Profile

CRV has backed more than 706 startups, with 31 new investments in the last 12 months alone. The firm has led 208 rounds, about 29% of its total and boasts 163 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, Israel, Canada.
  • Strong thematic focus on Software, Information Technology, Enterprise Software.
  • Led 12 rounds in the past year.
  • Typical check size: $1M – $20M.

Stage Focus

  • Series A (27%)
  • Series B (23%)
  • Seed (18%)
  • Series C (15%)
  • Series Unknown (6%)
  • Series D (6%)
  • Series E (3%)
  • Pre Seed (1%)
  • Angel (1%)

Country Focus

  • United States (93%)
  • Israel (1%)
  • Canada (1%)
  • Spain (1%)

Industry Focus

  • Software
  • Information Technology
  • Enterprise Software
  • Saas
  • Artificial Intelligence (Ai)
  • Internet
  • Mobile
  • Health Care
  • Apps
  • E-commerce
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does CRV frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 24
M
North America, California, United States, San Francisco
Co-Investments: 24
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 24
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 26
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 27
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 26
SV Angel
North America, California, United States, San Francisco
Co-Investments: 44
Accel
North America, California, United States, Palo Alto
Co-Investments: 33
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 33
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 36

Which angels does CRV often collaborate with?

RC
North America, California, United States
Shared Deals: 4
GR
North America, California, United States, San Francisco
Shared Deals: 6
JC
North America, California, United States, San Francisco
Shared Deals: 4
PB
North America, California, United States, Mountain View
Shared Deals: 5
MB
North America, California, United States, San Francisco
Shared Deals: 6
KR
North America, Florida, United States, Miami
Shared Deals: 5
NR
North America, California, United States, San Francisco
Shared Deals: 13
ML
North America, California, United States, San Francisco
Shared Deals: 5
A"
North America, California, United States, San Francisco
Shared Deals: 5
SP
North America, California, United States, San Francisco
Shared Deals: 4

What are some of recent deals done by CRV?

Talon.One

Berlin, Berlin, Germany

Talon.One is the most powerful incentives engine that unifies loyalty, promotions and gamification into one holistic platform.

Business DevelopmentEnterprise SoftwareInformation TechnologyLoyalty ProgramsMarketingSaaSSoftware
Series UnknownJul 1, 2025
Amount Raised: $134,395,292
Emerald AI

Washington, District of Columbia, United States

Emerald AI develops software managing data center energy for power grids.

EnergyInformation TechnologyPower GridSaaSSoftware
SeedJul 1, 2025
Amount Raised: $24,500,000
LanceDB

San Francisco, California, United States

LanceDB is a developer friendly, open source database for multi-modal AI.

Artificial Intelligence (AI)Information ServicesMachine Learning
Series AJun 24, 2025
Amount Raised: $30,000,000
Fleet Device Management

San Francisco, California, United States

Fleet Device Management offers an open-source device management platform for IT and endpoint security teams.

Cyber SecurityIT InfrastructureIT ManagementNetwork SecuritySoftware
Series BJun 17, 2025
Amount Raised: $27,000,000
Impart Security

San Francisco, California, United States

Impart Security is a complete API security platform designed to enable security and development teams to protect their APIs.

Cloud SecurityCyber SecurityNetwork Security
Series AJun 5, 2025
Amount Raised: $12,000,000
Siro

New York, New York, United States

Siro builds an AI Coach that identifies opportunities to elevate any sales team.

Information TechnologySalesSoftware
Series BMay 21, 2025
Amount Raised: $50,000,000
Outtake

Brooklyn, New York, United States

Outtake offers agentic AI cyber defense.

Artificial Intelligence (AI)Cyber SecurityMachine Learning
Series AApr 10, 2025
Amount Raised: $16,500,000
Tailscale

Toronto, Ontario, Canada

Tailscale is a software company that provides zero-configuration virtual private networks (VPNs) for secure connectivity.

Cyber SecurityInformation TechnologyInfrastructureNetwork Security
Series CApr 8, 2025
Amount Raised: $160,000,000
Mercury

San Francisco, California, United States

Mercury provides online banking solutions for startups and technology-focused businesses.

BankingFinancial ServicesFinTechInformation TechnologyInsurTech
Series CMar 26, 2025
Amount Raised: $300,000,000
Dyna Robotics

Redwood City, California, United States

Our mission is to empower businesses by automating repetitive, stationary tasks with affordable, intelligent robotic arm

Artificial Intelligence (AI)Robotics
SeedMar 25, 2025
Amount Raised: $23,500,000