This week Charles River Ventures, now known as CRV, announced that its new fund would make Silicon Valley the priority, formalizing a shift westward that has been going on for a few years now.
US venture capital firms continued their aggressive fundraising pace during the second quarter — further evidence of a major rebound in the VC industry this year from the very slow 2013.
Recently I looked at the possibility that fundraising by US venture capital firms is on the rebound this year following a very slow 2013.
More evidence that fundraising for venture capital firms is on the rebound: Boston-based Bain Capital Ventures has disclosed in regulatory filings it has closed on $850 million in new funds, two-and-a-half years after raising a $600 million fund (which had been its largest fund yet at the time). The main fund totals $650 million, taking the title of Bain Capital Ventures' biggest fund to date, while a separate “coinvestment fund” comes in at $200 million, according to the filings with the US Securities and Exchange Commission. Discuss