CRV Raises $750M for 20th Fund, Shifts to Early-Stage Focus

CRV Raises $750M for 20th Fund, Shifts to Early-Stage Focus

CRV Raises $750M Fund Amid Strategic Shift in Venture Capital Venture capital firm CRV has successfully raised a $750 million fund, marking its 20th flagship fund in its 55-year history. The move reflects a strategic pivot in the venture capital landscape, with CRV downsizing from its previous $1 billion fund and choosing to focus exclusively on early-stage startups. Investors are increasingly curious about why CRV raises $750M fund instead of maintaining larger late-stage capital pools, and the answer lies in changing market dynamics and return strategies. Image Credits:Saar Gur/CRV In just four weeks, CRV closed the fund with overwhelming investor interest—double the $750 million target. This rapid fundraising highlights continued confidence in CRV’s approach despite broader venture market slowdowns. By scaling back from late-stage investments, the firm is doubling down on seed and Series A opportunities, particularly in consumer and developer tools (devtools) sectors. This strategic r…