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Venture firm CRV raises $750M, downsizing after returning capital to investors
The 55-year-old VC firm announced its twentieth fund.
At that time, the firm also announced a $500 million second Select fund, a capital pool for backing late-stage rounds of existing portfolio companies. The latest fund will be used to invest in seed and Series A startups and it will focus on backing consumer and devtools companies. CRV is known for leading DoorDash’s seed financing and the Series A rounds for both Mercury and Vercel, a cloud platform for web developers, which was last valued at $3.25 billion.
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