At a time when limited partners are being stingy with their venture dollars, Charles River Ventures just announced it raised $320 million for its fourteenth fund, Charles River Partnership XIV. (The last fund it raised was $285 million in April, 2007). With the new fund, the firm now manages $2.1 billion.
Raising any capital in this environment is an achievement in itself. But CRV has been able to return $600 million to its limited partners over the past two years. Some of the bigger liquidity events during that time included the IPOs of BigBand Networks, Netezza, and Virtusa, as well as the acquisitions of EqualLogic to Dell (for $1.4 billion), Acopia Networks to F5 Networks (for $210 million), and Compete to TNS (for $75 million).
Current investments include Geni, Nantero, Scribd, Social Media, Twitter, Vlingo and Yammer,
Earlier this month August Capital was also able to raise a new fund. Keep an eye on the VCs who are able to raise money post-financial collapse. They are the ones with recent positive returns.
Crunch Network: CrunchGear drool over the sexiest new gadgets and hardware.
Related posts:
- Charles River Ventures Hires That FuckedCompany Guy Remember Philip Kaplan, better known as “Pud,” the guy...
- Charles River Ventures Hires That FuckedCompany Guy Remember Philip Kaplan, better known as “Pud,” the guy...
- Patent Defense Play RPX Closes Series B From Index, Kleiner, And Charles River Defense Play RPX, a defensive patent aggregator, has raised...
- Khosla Ventures Raises $1.1 Billion. It’s For More Than Just Clean Tech. Either Vinod Khosla has the magic or institutional investors...
- Venture Capital Fundraising Is Down Nearly 40 Percent In First Quarter of 2009 The first quarter of 2009 wasn’t just a dry...
Related posts brought to you by Yet Another Related Posts Plugin.