Charles River Ventures

8 stories
App team acquired
Airbnb picks up Pencil, Cambridge startup that built scheduling app
wyth-itunes2
Airbnb has quietly acquired a small Cambridge startup, Pencil Labs. Pencil Labs had built a scheduling app called Wyth that was intended to eliminate some of the headaches of coordinating get-togethers with friends. Three of the key players at Pencil, including co-founders Carla Pellicano and Han Shu, have already relocated to San Francisco, where Airbnb is based. Read More
Hanging up the checkbook
With new CRV fund, long-time partner Bruce Sachs bows out
Bruce Sachs of Charles River Ventures.
Left unsaid in the announcement of the new $393 million fund raised by Charles River Ventures — oops, they're now called CRV — is that long-time partner Bruce Sachs is bowing out. Sachs still appears on CRV's website, but he confirmed to me this evening that he won't be involved in putting the new money to work. Sachs joined CRV in 1999 after a career in networking, and he was responsible for initially helping CRV put down stakes in California. Read More
21st century gold rush
Charles River Ventures, now CRV, announces major shift from the shores of its namesake
<a href="http://www.shutterstock.com/gallery-790384p1.html?cr=00&pl=edit-00">catwalker</a> / <a href="http://www.shutterstock.com/?cr=00&pl=edit-00">Shutterstock.com</a>
In a post on Medium today, Charles River Ventures's general partner Jon Auerbach announced a new fund for the early-stage investment firm as well as a couple of changes in the way CRV views itself and its future. Read More
$$ for CRV
Charles River Ventures, a venture firm with a local office in Cambridge, has disclosed raising $393 million for its 16th fund (in a filing today with the US Securities and Exchange Commission). Though a Boston-founded firm, CRV's Silicon Valley office has become an increasing focus; Yammer, Twitter, and Zendesk have been among the firm's West Coast investments. But the firm has done plenty of notable deals in Boston in recent years as well, including HubSpot, Rethink Robotics, SimpliVity, and Fiksu. The new fund follows CRV's $375 million, 15th fund, which closed in early 2012. Discuss
Let's do lunch...
Wyth app, from Fiksu and Vlingo veterans, wants to help manage your calendar
wyth-itunes
A Boston startup, Pencil Labs, has slipped a new calendar and messaging app called Wyth into the iTunes Store with zero fanfare. I've been tracking the startup since last May, but the founders aren't saying much and the website is still in "coming soon" mode. Pencil raised some early funding in 2013 from two Cambridge venture capital firms, Matrix Partners and Charles River Ventures. Read More
Still stealthy after all these years...
'Social robot' startup Jibo attracts new investors, preps for product launch
Still frame from Cynthia Breazeal's 2011 TED Talk about her research on "social robots" at the MIT Media Lab.
I've been following Jibo since last January, when I first told you the "social robot" startup had snagged some initial funding from Charles River Ventures. Now, Jibo founder Cynthia Breazeal has taken a leave from MIT's Media Lab to run the company. Jibo has brought on some additional investors, and begun hiring a handful of employees from companies like iRobot Corp. and Netflix. And a new placeholder website and Facebook page suggest an unveiling of the product is imminent. Read More