Inbizzy, San Francisco,— Venture capital firm CRV (Charles River Ventures) has announced the launch of its twentieth fund, CRV XX, totaling $750 million. The fund is dedicated to leading early-stage investments—specifically Seed and Series A rounds—in technology startups across key innovation sectors including artificial intelligence (AI), cybersecurity, and developer infrastructure.
Founded in 1970, CRV will mark its 55th anniversary in November 2025. The firm has a long-standing focus on early-stage technology companies and has previously led investments in companies such as DoorDash (2013), Mercury (2019), and Vercel.
“CRV is a small firm, just like the companies we back,” the CRV team stated in its official announcement. “We aim to build deep, one-on-one relationships with founders and stay closely involved in their journey.”
Oversubscribed in Four Weeks
the new fund was oversubscribed 2x within just four weeks from the first diligence day. This follows a strong track record—CRV raised its previous fund (CRV XIX) during a period of economic uncertainty and successfully closed CRV XVIII in the midst of the pandemic.
CRV emphasizes maintaining a focused investment strategy and long-term relationships with both its founders and institutional Limited Partners (LPs), many of whom have partnered with the firm for decades.
Recent Portfolio Highlights
CRV XX will continue the firm’s approach of supporting early-stage companies building foundational technology infrastructure. Notable recent investments include:
- Outtake: A cybersecurity company that builds cyber agents to secure AI labs and financial institutions. CRV led its $20 million Series A in February 2024.
- Browserbase: Founded by Paul Klein IV, a former engineer at Twilio. The company now serves over 1,000 customers and has reached a valuation of $300 million just 18 months after launching.
- CodeRabbit: Co-founded by Guritfaq Singh and Harjot Gill (who previously sold Netsil to Nutanix). CodeRabbit currently has over 6,000 customers, including several Fortune 500 companies.
CRV notes that AI is no longer a standalone category, but rather a core layer embedded across nearly all technology sectors. Outtake, for example, represents a fusion of AI, security, and identity protection—reflecting the broader trend of multi-category innovation.
Long-Term Commitment
CRV underlines its commitment to being a first-call partner for founders—not only during moments of success but also when navigating challenges. The firm’s continued collaboration with long-term LPs is described as a key factor in its sustained momentum.
With CRV XX, the firm reiterates its role as a lead investor for early-stage technology ventures building critical infrastructure for the next generation of digital transformation.
