---
title: "CRV Closes $750M CRV XX, Refocuses on Early Stage"
description: "CRV closed its twentieth flagship fund, CRV XX, at $750M in four weeks, doubling down on early-stage investing and stepping back from late-stage Select funds."
date: 2025-08-04T00:00:00.000Z
tags: ["crv", "fund-close", "venture-capital", "seed-investing", "startup-funding"]
source: https://venturecapitaltracker.com/2026-crv-xx-750m-fund
---

# CRV Closes $750M CRV XX, Refocuses on Early Stage

> CRV closed its twentieth flagship fund, CRV XX, at $750M in four weeks, doubling down on early-stage investing and stepping back from late-stage Select funds.

**CRV** closed its twentieth flagship fund, **CRV XX, at $750M** in August 2025 — raised in about four weeks — as the 55-year-old firm refocuses exclusively on early-stage investing.

## Key facts

- **Firm:** CRV (formerly Charles River Ventures, founded 1970)
- **Fund:** CRV XX, $750M
- **Raise speed:** ~4 weeks, ~2x oversubscribed
- **Strategy shift:** Early-stage focus; no more late-stage Select funds (returned $275M of Select capital)
- **Track record:** Led DoorDash's seed; Series A of Mercury and Vercel

## Why this matters

The smaller, early-stage-only fund reflects CRV's bet that seed and Series A drive the best returns. The firm remains one of the most active early-stage investors, with 20 new deals in a trailing year.

## Sources

1. CRV XX $750M close (Everything Startups): https://www.everythingstartups.com/vc-funds/crv
2. CRV fund history (CB Insights): https://www.cbinsights.com/investor/crv

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.