Charles River Ventures, the early stage venture capital firm that’s jointly based in Cambridge, Massachusetts and Silicon Valley, has raised $393 million for a new investment fund, according to documents filed today with the Securities and Exchange Commission.
The fund, Charles River Partnership XVI, is the sixteenth to be raised by the 44-year-old firm (hence the XVI name, of course.) It’s a step up in size from Charles River’s fifteenth fund, which raised in February 2012.
Charles River, which is primarily focused on Series A investments, has had a string of solid hits: CRV was the first investor in Twitter, and was the lead investor in Yammer and Zendesk, to name just a few.
I’ve reached out to the firm for more details on the new fund, and will report back with any information I receive.