Charles River Ventures Closes Its Thirteenth Fund at $285 Million.CRP C-reactive protein (CRP) A protein present in blood serum in various abnormal states, like inflammation. Mentioned in: Pelvic Inflammatory Disease CRP, n.pr See C-reactive protein. XIII to finance high-potential startups in consumer and business technology arenas WALTHAM, Mass. and MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. -- Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures (CRV CRV Curve CRV Crew Return Vehicle (NASA) CRV California Redemption Value CRV Cassa Di Risparmio Di Vignola (Italian bank) CRV Call Reference Value (telecommunications) ), one of the nation's leading early-stage venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , today announced the closing of Charles River Partnership XIII, LP, a $285 million venture fund. The closing of CRP XIII brings the firm's total capital under management to approximately $2.1 billion. With this new fund, CRV will continue its focus on investing in the most promising new ventures in the technology marketplace. "With CRP XIII, we will continue executing on the investing strategy that is yielding great results - for our investors, the entrepreneurs we back, and our firm. We are excited about our existing portfolio, including the recent IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. of Big Band and the merger of Celunol with Diversa Corp. We expect several more S-1 registration statements for public offerings from our portfolio over the next year," said Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Sachs, general partner, Charles River Ventures. "We're very enthusiastic about the new opportunities that lie ahead for us and look forward to using CRP XIII to support some of the smartest and most innovative entrepreneurs in the market." CRV's current investing activities span software & services, media & entertainment, communications & technology, and data center infrastructure. The firm will use its new fund to continue its early-stage investing in these core segments. Since its inception in 1970, CRV has focused on finding the most talented entrepreneurs in its investing sectors and providing them with the financial capital, hands-on support, and proactive guidance required to build market-leading companies. About Charles River Ventures Founded in 1970, Charles River Ventures is one of the nation's oldest and most successful early-stage venture capital firms with approximately $2.1 billion under management. CRV is dedicated to helping exceptional entrepreneurs turn their ideas into the next category leaders in high growth technology and media sectors. Over the past 10 years, CRV funds have been ranked among the industry's top performers. CRV has offices in Boston, MA and Menlo Park, CA. For more information visit www.crv.com. |
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