Charles River Ventures
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| Type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1970 |
| Headquarters | Waltham, Massachusetts, United States |
| Products | Venture capital |
| Total assets | $2.1+ billion |
| Employees | 20+ |
| Website | www.crv.com |
Charles River Ventures is a venture capital firm focused on early-stage investments in technology and new media companies.
The firm, which is based in Waltham, Massachusetts and Menlo Park, California, was founded in 1970 to commercialise research that came out of MIT. (Its name comes from the Charles River that runs through Boston.)
The firm has raised over $2.1 billion since inception across 13 funds. The firm's most recent fund, Charles River Partnership XIII, closed in April 2007 with $285 million of investor commitments.[1] CRV's 12th fund raised $250 million of commitments.[2]
Among CRV's portfolio companies are Cascade Communications, Ciena Corporation, Continental Cablevision, ChipCom, Blippy, iBasis, Netezza, Earbits, Parametric Technology Corporation, Sonus Networks, SpeechWorks, Stratus Technologies, Sybase[3], Twitter and Vignette Corporation.
[edit] References
- ^ Charles River Ventures closes thirteenth fund. AltAssets, April 3, 2007
- ^ US Charles River closes twelfth fund on $250m. AltAssets, February 18, 2002
- ^ Sybase President Gains The Confidence of Apple. New York Times, August 25, 1987
- Venture Firm Is Giving Loans a Try. New York Times, November 1, 2006
- Why Venture Funds Don't Want Your Cash. New York Times, July 12, 2004
[edit] External links
- Charles River Ventures (company website)
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