Charles River Ventures Closes Its Twelfth Fund at $250 Million; CRP XII to Finance Growth of High-Potential Technology Companies.Business Editors WALTHAM, Mass. & 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.--(BUSINESS WIRE)--Feb. 17, 2004 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 XII, LP, a $250 million venture fund. The closing of 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. XII brings the firm's total capital under management to approximately $1.6 billion. CRV will use this fund to continue executing against its core strategy of early-stage investing in areas of technology innovation. The firm's current activities span information technology, intellectual property, services and media. Since its inception in 1970, CRV has focused on finding the most innovative entrepreneurs in its investing sectors and providing them with the financial capital, hands-on support, and proactive guidance required to build market-leading companies. "CRV remains committed to finding and investing in the most promising innovations and entrepreneurs with the potential to create the next generation of category-leading companies," said Bruce Sachs, partner, CRV. "We are excited about the opportunities in front of us and look forward to deploying CRP XII for the continued success of our investors, the entrepreneurs we back, and our firm." About Charles River Ventures Founded in 1970, Charles River Ventures (CRV) is one of the nation's oldest and most successful early-stage venture capital firms with approximately $1.6 billion under management. CRV is dedicated to helping exceptional entrepreneurs turn their ideas into the next category leaders in the data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and software and services sectors. Over the past 10 years, CRV funds have been ranked among the industry's top performers. This superior investment record includes leading companies such as Cascade, Chipcom, CIENA, iBasis, Sonus Networks, SpeechWorks International and Vignette Vignette A symbol or pictorial representation of the corporation on a stock certificate. Usually a complicated and artistic design, it is meant to make the counterfeiting of stock certificates as difficult as possible. . CRV has offices in Boston, MA and Menlo Park, CA. For more information visit www.crv.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion