Charles River Ventures Raises $375 Million For Its 15th Fund

Veteran VC firm Charles River Ventures is announcing its 15th fund today, increasing its fund size from $325 million in its last raise to $375 million in its latest "heavily oversubscribed" round. Charles River Ventures partner George Zachary tells me that the firm, which has 42 years of investment behind it, is looking to go in early and at a high percentage in "change the world" companies. It eschews fancy later stage grandstanding in favor of the undervalued treasure.

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