|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Charles River Ventures Closes Fourteenth Fund at $320 Million
March 30th, 2009 No comments
CRP XIV Will Focus on Early-Stage Information Technology Investment Opportunities
WALTHAM, Mass. and MENLO PARK, Calif. (March 30, 2009) – Charles River Ventures (CRV), one of the nation’s leading early-stage venture capital firms, today announced that it has closed its fourteenth fund, CRP XIV, at $320 million. The closing of CRP XIV brings the firm’s total capital under management to approximately $2.1 billion.
“Over the last two years, we’ve worked with talented entrepreneurs to achieve more than a dozen positive exits across our portfolio, including three initial public offerings as well as the largest venture-backed M&A transaction of 2008,” said Bruce Sachs, partner, Charles River Ventures. “Clearly our investing strategy is working. With our new fund, we will continue to invest in high-potential entrepreneurs and we will work hard with them to help them create hugely impactful companies. We believe that this strategy will continue to deliver top results for the entrepreneurs we back as well as our limited partners.”
CRV’s liquidity events over the past 24 months have yielded approximately $600 million in returns for the firm’s limited partners. These events include:
• Three IPOs: BigBand Networks (Nasdaq: BBND), Netezza (NYSE: NZ), Virtusa (Nasdaq: VRTU)
• Numerous positive mergers and acquisitions including: EqualLogic to Dell; Acopia Networks to F5 Networks; Compete to TNS; Celunol merger with Diversa to form Verenium (Nasdaq: VRNM)With CRP XIV, CRV will continue to invest in early-stage Information Technology companies within the communications, Internet, and software segments as well as emerging companies focused on energy and Intellectual Property. CRV’s current portfolio includes some of the most promising young companies in these sectors today, including Geni, Great Call, Nantero, RPX, Scribd, SMS Gupshup, Social Media, Twitter, Vlingo and Yammer, among several others. In addition, CRV seeks out investment opportunities in the earliest stages, and frequently provides seed funding to promising entrepreneurs with breakout potential.
The investing partners of CRV XIV include: Izhar Armony, Jon Auerbach, Saar Gur, Bruce Sachs, Bill Tai, Austin Westerling, Devdutt Yellurkar and George Zachary. Mike Zak will also continue as a partner of the firm, serving in advisory capacity on new investments. CRV’s limited partners include long-standing investors with the firm, including major universities, pension funds and non-profit institutions.
“In the current economic climate, we are especially grateful to our limited partners who have the long-term vision to invest in early-stage ventures and trust us with their valuable capital. We are committed to delivering the top results that they have come to expect from CRV,” said Sachs.
Source: http://www.crv.com/
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility