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.
Kyle Alspach has worked in journalism in Massachusetts since 2005 and was one of the original staff writers at BetaBoston.
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