# CRV

> CRV is a San Francisco-based venture capital firm that leads seed and Series A investments in technology companies. Founded in Boston in 1970 as Charles River Ventures, it has backed more than 750 startups, including DoorDash, Mercury and Vercel, and says more than 80 portfolio companies have reached the public markets. Its latest chapter is a deliberate return to early-stage investing: after releasing $275 million of a late-stage fund to limited partners in 2024, CRV raised a $750 million twentieth flagship fund in four weeks in 2025.

- **Founded:** 1970
- **Headquarters:** San Francisco, United States
- **Founders:** Richard M. (Rick) Burnes Jr. (Co-founder; Partner Emeritus)
- **Team size:** Approximately 90 people listed on LinkedIn in 2026; LinkedIn's company-size band is 11-50 employees
- **Products:** Seed financing, Series A financing, Follow-on capital, Company-building support, Founder education and conversations
- **Notable:** Invested early in more than 750 companies since 1970., More than 80 CRV-backed companies have achieved public-company status, according to the firm., Led DoorDash's first financing round in 2013; DoorDash went public in 2020.

## Products & services

- **Seed financing** — CRV leads seed rounds for technology startups, often before meaningful traction is visible.
- **Series A financing** — The firm's core investment product is leading Series A rounds in software, developer, enterprise and consumer companies.
- **Follow-on capital** — CRV reserves part of its flagship funds to continue supporting breakout portfolio companies after the initial round.
- **Company-building support** — Partners advise founders on hiring, customer development, product choices, fundraising and board-level decisions.
- **Founder education and conversations** — CRV publishes guides and interviews on fundraising, metrics, hiring, product-market fit, security and technical company building.

## Achievements

- Invested early in more than 750 companies since 1970.
- More than 80 CRV-backed companies have achieved public-company status, according to the firm.
- Led DoorDash's first financing round in 2013; DoorDash went public in 2020.
- Led the Series A rounds for Mercury and Vercel.
- Was an early institutional investor in companies including Twitter, Zendesk and Yammer.
- Raised the $750 million Fund XX in four weeks in 2025, with reported demand around twice the fund's size.
- Returned $275 million of unused Select Fund II commitments in 2024 after concluding many late-stage follow-ons would dilute expected returns.

## Latest updates

- **2025-08** — CRV closed Fund XX at $750 million for seed and Series A investing, with an emphasis on consumer and developer-tool companies.
- **2025-02** — CRV led Outtake's Series A, joined the board and later supported the company's Series B.
- **2024-10** — The firm released $275 million of Select Fund II commitments back to limited partners and said it would not raise another late-stage Select vehicle.
- **2024-07** — CRV partnered with CodeRabbit, an AI code-review company, during its early growth.
- **2022-10** — CRV announced $1.5 billion across the $1 billion Fund XIX and $500 million Select Fund II.

## Links

- Website: https://www.crv.com/
- LinkedIn: https://www.linkedin.com/company/crvvc
- Twitter/X: https://x.com/CRV
- YouTube: https://www.youtube.com/channel/UCRibw5FGtD3nnkIq787Znhw
- Instagram: https://www.instagram.com/crvvc1970
- Facebook: https://www.facebook.com/CRVVC

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Profile page: https://yespress.io/crv
Published by YesPress — https://yespress.io
Last updated: 2026-08-15