VC, startups, charles river ventures

Charles River Ventures Closes $320M Fund

Robert Buderi 3/30/09

Money may be scarce–but to many investors, economic downturns are the best time to invest in startup companies. Valuations are lower, and conditions ripe for disruption. Perhaps reflecting that outlook, Charles River Ventures, based in Waltham, MA, and Menlo Park, CA, announced today that it has closed its 14th fund, the $320 million CRP XIV. The firm says the fund brings its total capital under management to around $2.1 billion.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926, or follow him on Twitter at http://twitter.com/bbuderi.