CRV raises $1.5 billion in new capital amid venture industry's record year - Silicon Valley Business Journal

Wall Street is in turmoil, there's increasing talk of a possible recession and startup funding has slowed dramatically, but venture firms keep adding to their record totals of investment capital.for a pair of new funds.

CRV raised $1 billion for a fund that will invest in seed and Series A rounds. Its other fund will have $500 million to invest in later rounds. The early-stage rounds are"where the smaller $200 million or $300 million funds are focused, but it's where we invest as well," Khan said."Many of the companies we back are just a founder and a slide deck when we invest."Originally based in Boston and named Charles River Ventures, after the river that runs next to that city, CRV moved its headquarters to the Bay Area and abbreviated its name in 2009. It has a team of about 40 people locally.

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