CRV

CRV (formerly Charles River Ventures) is an early-stage venture capital firm founded in 1970 and headquartered in San Francisco and Palo Alto, CA. The firm leads Seed and Series A rounds in enterprise software, consumer internet, AI/ML, fintech, and developer tools, with a thesis centered on empowering end users over incumbents. Since inception, CRV has invested in more than 600 startups and backed notable companies including DoorDash, Airtable, Patreon, Twitter, Zendesk, HubSpot, and Vercel. The firm manages approximately $2B in AUM and has raised over $4.3B across 20 funds. Its most recent vehicle, Fund XX, closed at $750M in August 2025. CRV is known for its disciplined approach to fund sizing—it returned $275M from an oversized Select fund in 2024 and has previously reduced fund sizes after market dislocations. The firm aims to lead rounds and can issue a term sheet within 24 hours. It does not operate a formal application portal; founders typically engage directly with the team.