CRV

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001 The Manifesto

  1. No 01

    We invest in people before ideas.

    We know the types of people we are looking for. We invest in experts — authentic founders who are the best at what they do. Having a big idea matters, but being the person who can make it a reality matters even more.

  2. No 02

    The journey is just as important as the destination.

    Yes, the destination is critical: we are in the business of helping build world-changing companies that create tremendous value. That said, we recognize that it will not always be smooth sailing. We want to be there for every part of the ride. We strive to be the investor you want to call, not the one you have to.

  3. No 03

    We invest as a team.

    We are an equal partnership – figuratively and economically. For the past twenty years we have built our partnership with equal title, equal pay, equal carry, and equal votes in every investment. We are not political and we have tremendous trust in one another. We choose to spend time with each other and our families outside of work. While one of us may sit on your board, each one of us is a resource at your disposal.

  4. No 04

    Integrity matters.

    Open, honest and direct communication is important. We believe in respect first and foremost. You’ll never see us pull out our phones in meetings. No kidding — at CRV, there’s a fine for doing that — something we’ve never had to collect.

  5. No 05

    We act fast and with deep conviction.

    We are an investor team that works together every day. We make decisions quickly, often going from first meeting to a funding decision in a week. We hold ourselves to a high bar of being available. We know entrepreneurs work around the clock and we’re there whenever they need us.

  6. No 06

    Work hard.

    Big ideas change the world. Building a business on top of a big idea takes hard work and sacrifice. Our founders work hard and we work to give them an unfair advantage by being a multiplier on their efforts.

  7. No 07

    But, also play hard.

    We are kite boarders, rally car racers, skydivers, bungee jumpers, fly fishers, downhill skiers, competitive sandwich eaters. We believe that extreme sports are like starting companies – you have to be all-in and you have to be focused. This is in our DNA.

  8. No 08

    We invest early as a lead investor.

    Series A investing is our focus, with an occasional Seed or Series B investment. Our investments are focused and high touch. The relationships we build with founders last years, not months, often through pivots and growing pains. We are true partners who are patient and steadfast when things skew from plan.

  9. No 09

    This is not our first rodeo.

    Or our second, or our third. CRV is one of the most experienced venture capital firms in the world. Our team is made up of entrepreneurs and operators who have worked at companies big and small. We have been investing for more than 40 years in everything from cell towers to mobile apps that touch the lives of millions everyday. Currently, we are actively investing out of our 17th Fund, raised in April of 2018.

003 Entrepreneurs

3T Biosciences

 

Dylan Morris

3T Biosciences is working to bolster the body's own immune system against cancer. We are developing transformative therapies by combining novel experimental biology and artificial intelligence to bring safer and more effective therapies to patients. CRV invested in 3T Bioscience's Series Seed financing in September 2017.

“It has been an incredible experience to work with Dylan and George - we cannot imagine a better partner to start the journey with. They have done everything in their power to help realize 3T’s vision for making curative therapies for patients a reality.”

– Luke Lee, CEO & Co-Founder

Abacus Direct Corporation

IPO 1997

Abacus Insights

 

Murat Bicer

Abacus Insights is the first healthcare specific data integration platform allowing health insurers to unlock the value of their data to improve the lives of the members they serve. Abacus solves healthcare’s biggest challenges: improving patient experiences, improving the health of populations and reducing the cost of care. Abacus does so by democratizing responsible access to diverse types of healthcare data, expediting discovery of what’s possible, and fueling innovation. CRV lead Abacus Insights Series A financing in May 2019.

“From the initial interactions through close, Murat and CRV have been refreshingly easy to work with, putting trust and respect for the company first at every step through their transparent and efficient approach. Even before close, they have gone above and beyond to support our business and we are super thrilled to partner with them in this next phase of our journey.”

– Minal Patel, Founder

Acopia Networks

Acquired by F5 2008

Active Network

IPO 2011

Affirmed

 

Jon Auerbach

Affirmed Networks is transforming and advancing intelligence in mobile data networks. The company’s solution bundles gateway functionality with rich application and content delivery services into an industry-leading, virtualized solution. CRV invested in Affirmed's Series A in June 2010.

Airobotics

 

Izhar Armony

Airobotics provides an end-to-end, fully automatic solution for collecting aerial data and gaining invaluable insights. The team at Airobotics fuses expertise in aerospace hardware design, robust electronic systems, leading software engineering, and years of experience in commercial drone operations. This varied experience has allowed them to design a solution suited to address the needs of the world’s most complex industrial environments such as mining, seaports and oil & gas. CRV led Airobotics' Series B in 2016.

“CRV is an influential early-stage venture capital firm with an impressive portfolio of which we are proud to be a member. Izhar and the CRV team have provided critical support both during Airobotics’ Series B financing and after we announced our public launch. Their belief in the quality of our vision and team is a leading factor as to why we have been able to transform our aspiration to develop the first truly automatic, robust drone system into a reality. With such a dedicated partnership, we feel prepared for approaching the upcoming stages in Airobotics’ growth.”

– Ran Krauss & Meir Kliner, Co-Founders

Airspan

IPO 2000

Airtable

 

Max Gazor

Airtable is a modern database created for everyone. CRV led the Series A in May 2015.

“Max and the CRV team embody the ideal partnership for founders bent on bringing their long-term vision to the world. They have perspicacious convictions about what the future should look like, firm trust in their founders to bring us there, far-reaching resources to help along the way, and the genuine personalities required to enjoy the journey.”

– Howie Liu, Founder & CEO

Arceo.ai

 

Max Gazor

Arceo.ai’s vision is to remove fear, uncertainty, and doubts out of cybersecurity by delivering unbiased security and risk data that is understandable and usable by all. Arceo.ai enables cyber risk to be managed like other business risks, with data and advanced modeling that inform investment priorities and risk transfer decisions. CRV led Arceo’s seed financing in 2016.

“Max has been incredibly supportive from the first day we met. From discussing our vision for Arceo.ai to getting started, Max has been a great catalyzer and advisor. We are fortunate to have CRV as a partner; their advice has been instrumental in building a winning team and product.”

– Vishaal Hariprasad, CTO & Co-Founder

Automox

 

Reid Christian

Automox is a modern cyber hygiene platform that closes aperture of attack by more than 80% with just half the effort of traditional solutions. Cloud-based and globally available, Automox enforces OS & third-party patch management, security configurations, and custom scripting across Windows, Mac, and Linux from a single intuitive console. IT and SecOps can quickly gain control and share visibility of on-prem, remote and virtual endpoints without the need to deploy costly infrastructure. Automox dramatically reduces corporate risk while raising operational efficiency to deliver best-in-class security outcomes, faster and with fewer resources. CRV invested in Automox’s Series A financing in October 2018.

“Reid, in my opinion, represents the bright future of venture capital. He is a unique breed of incredible integrity and hustle, and has been a huge value add to me personally, my team, and my board as a whole. He not only provides valuable guidance (we spend a lot of time sounding out GTM and hiring strategies) but has conducted countless interviews and made valuable introductions to portfolio leaders that have done it before. Reid is one of those guys around the table that make you wonder how you did it without them once they are there.”

– Jay Prassl, CEO

Aveksa

Acquired by EMC 2013

Aviatrix

 

Devdutt Yellurkar

Aviatrix accelerates application migration with one-click hybrid cloud networking that simplifies and automates secure connectivity to public clouds. Aviatrix’s disruptive vision is to make cloud networking as simple, dynamic and elastic as compute and storage. CRV led Aviatrix's Series B financing in January 2017.

Avvenu

Acquired by Nokia 2007

beFree

IPO 2000

BigBand Networks

IPO 2007

Bird

 

Saar Gur

Bird is a last-mile electric vehicle sharing company dedicated to bringing affordable, environmentally friendly transportation solutions to communities across the world. It provides a fleet of shared electric scooters that can be accessed via smartphone. Birds give people looking to take a short journey across town or down that “last-mile” from the subway or bus to their destination a way to do so that does not pollute the air or add to traffic. CRV invested in Bird in 2018.

BNI Video

Acquired by Cisco Systems 2011

Broadbus

Acquired by Motorola, Inc. 2006

Broadsoft

IPO 2010

Brontes

Acquired by 3M 2006

Bytex

IPO 1989

C-Port Corporation

Acquired by Motorola, Inc. 2000

Capriza

 

Izhar Armony

Common business activities such as corporate approvals have remained unchanged for years, and introduce unwanted operational drag to every organization. Capriza ApproveSimple™transforms how corporate approvals are done by rapidly delivering a simple, consolidated experience for managers and executives on their mobile devices using existing business applications. By doing so, managers can make informed business decisions anytime, anywhere and increase business agility. Enterprises relying on Capriza include MasterCard International, Volvo Financial Services, and Titan Machinery. CRV partnered with Capriza in August 2011.

“I deeply appreciate the guidance that Izhar has provided throughout our journey from a few engineers with big ideas to a leading-edge technology company. He and the rest of his team have been completely supportive of our vision, helping us go to market with our unique, innovative approvals solution. ”

– Ronnen Armon, CEO & Co-Founder

Carrot

 

Reid Christian

Companies use Carrot to deliver flexible, inclusive, global fertility coverage for all employees regardless of age, sex, sexual orientation, gender identity or marital status. Carrot offers modern, tech-powered employee experiences to reduce anxiety and improve health outcomes for some of the world's most innovative employers across every region of the U.S and nearly 40 countries. CRV led Carrot’s Series A financing in March 2019.

Chipcom Corporation

IPO 1991

CIENA Corporation

IPO 1997

ClassPass

 

Saar Gur

Classpass is a platform for fitness. With ClassPass, customers get access to the best boutique fitness classes nationwide with one monthly subscription. There are tens of thousands of classes available to ClassPass members, including cycling, Pilates, yoga, boot camp, strength training, dance, and more. CRV invested in ClassPass’ Series A in September 2014.

CloudGenix

 

Max Gazor

CloudGenix is a new breed of networking company that is redefining and simplifying how companies connect people anywhere in the enterprise with applications across public, private and hybrid clouds. CloudGenix virtualizes enterprise networks and securely brings together users and high performance cloud and data center applications, while radically reducing remote office infrastructure requirements. CRV invested in CloudGenix's Series A in April 2014.

Color

 

George Zachary

Color provides high-quality, physician-ordered, genetic testing at a low cost. We include support for physicians, as well as genetic counseling as part of every purchase. Our goal is to expand physician-supported access to genetic testing to help every person, everywhere understand their risk for hereditary disorders. CRV partnered with Color Genomics in August 2017.

“We have known George Zachary for over 20 years and in that time he has always stood out as one of the brightest and highest integrity people we have met in Silicon Valley. We are delighted that the Color team has the privilege of working with him, and the equally outstanding team at CRV, in building our company. ”

– Othman Laraki, Co-Founder & CEO

Compete Inc.

Acquired by Taylor Nelson Sofres PLC 2008

Concord

 

Murat Bicer

Concord is the only contract management platform that enables companies to accelerate growth while maintaining flawless compliance. Concord enables companies around the globe to connect all of their people, processes, and contracts in one place–giving users everything they need for the entire contract lifecycle. CRV led Concord’s Series A in December 2017.

“To have an investor like CRV join Concord is amazing validation for our vision, and speaks to what we’ve been able to do in terms of changing this market. We’re fortunate to have incredible investors who bring guidance and insight to Concord and I can’t think of a better addition than Murat Bicer.”

– Matt Lhoumeau, CEO and Co-Founder (with Co-Founder and CTO Florian Parain)

Concord Communications

IPO 1997

Conduit Labs

Acquired by Zynga 2010

Continental Cablevision

Cratejoy

 

Devdutt Yellurkar

Cratejoy is the place to build and discover exceptional subscription brands. Through a subscription commerce platform, Cratejoy is able to partner with emerging and existing businesses to help them create, and then grow, successful e-commerce companies that deliver delight on a recurring basis. CRV led Cratejoy's Series A funding in October 2014.

“Devdutt Yellurkar and the CRV team have such a command of the world of e-commerce and therefore immediately understood our vision for the future and the importance of subscription. Their input in bringing that vision to life has been invaluable. It has been incredibly empowering to work with Devdutt as we build out Cratejoy.”

– Alex Morse & Amir Elaguizy, Co-Founders

Cybereason

 

Izhar Armony

Cybereason's platform provides tools to detect, vizualize and destroy cyber attacks in real time. The Cybereason automated platform collects subtle clues by learning to discern anomalies and distinguish between the benign and pernicious. This data is then analyzed using big data algorithms and proprietary knowledge enriched with external intelligence. CRV led Cybereason's Series A in May 2013.

Diamanti

 

Max Gazor

Diamanti is a datacenter infrastructure company founded to solve network and storage challenges in Linux containerized environments. Led by industry experts from Cisco, Veritas, and VMware, Diamanti’s guiding philosophy is that solving container deployment, scaling, and management challenges requires a holistic, end-to-end solution of networking AND storage. CRV led Diamanti’s Series A in 2014.

“Max and the whole CRV team have been fantastic partners in helping us build Diamanti. Their support and guidance has been invaluable in overcoming the challenges that we have faced.”

– Jeff Chou, CEO & Co-Founder

DoorDash

 

Saar Gur

DoorDash is an on-demand delivery service, currently focused on serving restaurants that do not have their own delivery staff. Over time, any merchant will be able to use the DoorDash platform of logistics software and drivers to deliver their goods within their local communities. CRV partnered with DoorDash during their Seed round in September 2013.

“We chose CRV because we shared in common a passion and vision to build a logistics network serving small business owners. Partly because he is a small business owner himself, Saar immediately understood what we wanted to create and showed both his industry smarts and pure hustle, two qualities that we found in particular to be an authentically good fit with DoorDash.”

– Evan Moore, Andy Fang, Stanley Tang & Tony Xu - Co-Founders

Drift

 

Izhar Armony

Drift makes it easy for companies to talk to customers in modern ways. Drift is a messaging application that helps everyone in a business live chat directly with customers, and send messages to groups of customers. This helps companies easily talk to customers when they care; whether on their website or logged into their application. Drift’s mission is to help everyone on earth know, grow, and amaze their customers. CRV led Drift’s Series A in September 2014.

Dropbox

 

Saar Gur

Dropbox is a file sharing service for consumers and enterprises that allows people to securely share and collaborate. Dropbox simplifies the work and personal lives of millions of people by letting them bring their documents, photos and videos anywhere and share them safely and easily. Dropbox acquired CRV portfolio company Orchestra, developer of the mobile app Mailbox, in 2013. CRV led Orchestra's Series A in October 2011. Dropbox went public in March 2018.

Edocs

Acquired by Siebel Systems 2005

EqualLogic

Acquired by Dell 2008

Excite

IPO 1996

Fair

 

Saar Gur

Fair is a car leasing company that aims to grant access to mobility for everyone by pioneering the car-as-a-service (CaaS) concept. It gives customers the freedom to drive the car they want for as long as they want, and the flexibility to walk away at any time. Warranty, maintenance, roadside assistance included, all offered via an app on your phone. Fair now also provides special offers for people driving with Uber. CRV participated in Fair's Series Seed Funding in 2017.

Fauna

 

Murat Bicer

Founded in 2012 by the team that scaled Twitter, Fauna has developed an operational database that lets enterprises adapt at scale by combining global distribution, multi-tenancy, and strong consistency with a modern, unified query language. Unlike legacy databases, FaunaDB delivers flexibility, scalability, and safety without compromise. FaunaDB is available as an elastic cloud service and as an on-premises package with zero infrastructure lock-in. FaunaDB has been in development for 4 years and is deployed at a number of customers, including NVIDIA. CRV provided seed funding to Fauna in 2016.

“We needed a partner with long-term vision and an appetite for tackling the massive market and hard problems that Fauna has set our sights on. Murat understands the division of responsibilities between partner and entrepreneur and has the vision to support an ambitious, groundbreaking project like Fauna. CRV’s team is experienced, accessible, and pragmatic, and we’ve had a great experience so far.”

– Evan Weaver & Matt Freels, Co-Founders

Flarion Technologies

Acquired by Qualcomm 2006

Flatiron School

Acquired by WeWork 2017

Floware

IPO 2000

Flycast

IPO 1999
Acquired by CMGI 2000

Freenome

 

George Zachary

Headquartered in South San Francisco, Freenome is a health technology company bringing accurate, accessible and non-invasive disease screenings to you and your doctor to proactively treat cancer and other diseases at their most manageable stages. Freenome aims to reinvent disease management through systematized early detection and intervention. CRV invested in Freenome’s Series A financing in February 2017.

“Open-minded yet exudes incredible conviction to push the world toward disease prevention describes George's humble tenacity to partner with Freenome and rethink patient care. ”

– Gabe Otte, CEO

Gatsby

 

Devdutt Yellurkar

Gatsby is the modern web hub redefining the way brands build their online presence. Gatsby's content mesh platform is used by hundreds of companies around the world, including IBM, PayPal, Harry's, and digital agencies that use Gatsby to create web properties for Fortune 500 clients. CRV lead Gatsby’s Series A in December 2018.

“Devdutt and the CRV team bring a unique combination of savvy, experience, and wisdom to the table. They understand developer tools and infrastructure inside and out.”

– Kyle Mathews, CEO & Co-Founder

Gorgias

 

Murat Bicer

Gorgias is a helpdesk for e-commerce stores, allowing their customer service teams to manage all of their support in one place. One thousand brands including Logan Paul, Rothys and Timbuk2 use Gorgias to reduce ticket first response time and increase efficiency of their support team. CRV invested in Gorgias’ Series Seed financing in January 2016.

“Murat made a bet on us before we had product-market fit, and has been supportive all along, even in difficult times. He's been particularly helpful with intros to the ecosystem, and with feedback on what to focus on.”

– Romain Lapeyre & Alex Plugaru, Co-Founders

GrabCAD

Acquired by Stratasys 2014

GreatCall

Acquired by GTCR 2017

Guardent

Acquired by Verisign 2004

Health IQ

 

George Zachary

Health IQ is on a mission to increase health literacy around the world. The company has developed Health IQ, the most comprehensive measurement of your health knowledge. Uncover your strengths in over 300 topics and 10,000 questions, compare yourself to experts and learn tips from the health conscious community. Health IQ is available for free from the App Store. CRV led Health IQ's Series A in September 2013.

“I chose to work with George and CRV again because he truly understands the challenges of being an entrepreneur. The entire CRV team has had the experience of starting and building companies and this shows in the support and respect they show their entrepreneurs.”

– Munjal Shah, Co-Founder & CEO

HubSpot

IPO 2014

iBasis

IPO 1999

Icontrol

Acquired by Comcast and Alarm.com 2017

iSkoot

Acquired by Qualcomm 2010

Iterable

 

Murat Bicer

Iterable empowers growth marketers to create world-class user engagement campaigns throughout the full lifecycle, and across all channels. Marketers segment users, build workflows, automate touchpoints, and test strategies at scale without engineering support. CRV led the Series A financing in December 2015.

“Murat has unique insights and a deep understanding into the playbook of scaling SaaS companies, and has been tremendously helpful in guiding our growth thus far. In addition, the entire CRV team is highly accessible and places their unwavering support behind the entrepreneur to help them build a company for the long-term.”

– Justin Zhu & Andrew Boni, Co-Founders

Kapwing

 

Saar Gur

Kapwing is an online video, image, and GIF editor for modern creators. With Kapwing, people can make and share multimedia formats with free, simple, and highly accessible tools. Groups can collaborate on projects in real time and work together in a shared workspace. CRV led Kapwing’s Series A financing in August 2019.

“It's great to work with investors who understand and believe in the creator economy. Saar's experience working with first-time entrepreneurs gives us great perspective on growing our business, and Justine and Olivia have domain knowledge that helps us think about product development and marketing.”

– Julia Enthoven & Eric Lu, Co-Founders

Kodiak Robotics

 

Izhar Armony

Founded in 2018, Kodiak Robotics is developing autonomous technology for long-haul trucking. The team is highly experienced and comes from the leading technology companies in the space. CRV invested in the Series A in July 2018.

“We are very excited to have Izhar as a partner. He has been phenomenal to work with so far, and we are lucky to have him and the CRV team with us on this journey!”

– Don Burnette & Paz Eshel, Co-Founders

Kong

 

Devdutt Yellurkar

Kong is the microservices API Company. We are best known as the creator and primary supporter of the Kong platform, the most widely adopted open-source Microservice API gateway. CRV initially invested in Mashape's 2011 seed financing and led the Series A in 2013. Mashape became Kong in 2017.

“Devdutt invested in us when we were two guys living in a crash pad. Since then, we have worked together through high points and lows. During the hard times, he believed in us and our long-term vision, so we never lost faith, in part because of the strong support from CRV. ”

– Augusto Marietti & Marco Palladino, Co-Founders

Light

 

Bruce Sachs

Light is on a mission to reimagine the art and science of photography. CRV invested in Light's Seed round in October 2013.

“We’ve both worked with CRV for years, Rajiv at Flarion and Dave at Vlingo. Rajiv was a CRV EIR when he came up with the idea behind Light. The CRV guys introduced us and now we are excited to build a CRV success story together.”

– Dr. Rajiv Laroia & Dave Grannan, Co-Founders

Lola

 

Jon Auerbach

Lola provides instant access to a personal travel service for hotels, flights and anything you need for your business or leisure trip. The Lola personalization engine works particularly well for frequent travelers. CRV led Lola’s Series B financing in December 2016.

“I've always known that CRV was one of the most respected venture capital firms in the country, and I'm thrilled to be working with Jon and the team as we scale Lola to become a leading mobile service for the travel industry. I've been lucky to get to work with many VC firms, and the full CRV partnership are exactly the type of entrepreneurs that I am proud to work with.”

– Paul English, Founder

mabl

 

Murat Bicer

mabl is the ML-driven end-to-end testing service for modern software teams. CRV led mabl’s Series A financing in 2017.

“We have turned to Murat often over the past 10 years for his insight on building successful companies, so we jumped at the opportunity to work closely with him as an investor and board member. Murat has a reputation for being an exceptionally positive and grounded board member. That reputation is well-earned; he has been a great partner for us at mabl.”

– Dan Belcher & Izzy Azeri, Co-Founders

Mercury

 

Saar Gur

Mercury is building a bank for startups. We give startups everything they need from their bank: checking account, debit card, high interest savings accounts and also tools to help run their startup including API access to their bank and beautiful, modern dashboards. CRV led Mercury’s Series A financing in July 2019.

“CRV has already helped us hire a recruiter in their first month of working with us and always bring a really positive atmosphere in every interaction we have with the team.”

– Immad Akhund, Max Tagher, Jason Zhang, Co-Founders

Metaplace

Acquired by Playdom/ Disney 2010

MileIQ

Acquired by Microsoft 2015

Millennial Media

IPO March 2012

Nantero

 

Bruce Sachs

Nantero has developed and patented fundamentally new nonvolatile memory technology applying carbon nanotubes on silicon, using standard semiconductor processes. Nantero’s NRAM is a high-density nonvolatile Random Access Memory that is broadly applicable to a variety of functions served by FLASH, DRAM, and SRAM, but with advantages in density, reliability, and power consumption. CRV partnered with Nantero in August 2003.

“CRV is our long-time advocate. Commercializing new memory technology is no easy or fast task, and the CRV team has supported our efforts in many ways since investing in 2003. Bruce, in particular, has been a vital partner and board member and continues to actively work with us toward making the next generation of memory a reality.”

– Greg Schmergel, Co-founder, President & CEO

Netezza

IPO 2007

NetGenesis

IPO, then sale to SPSS 2001

Niantic

 

Matt Heiman

Niantic, Inc. is the leader in mobile augmented reality (AR) experiences and creator of Pokémon GO, Ingress Prime, and the forthcoming Harry Potter: Wizards Unite.

“Matt and the CRV team were ideal partners in quickly understanding opportunities, gaining consensus, and seeing down the field to commit to the long-term vision of our company. Together, we share the view of an AR future where powerful technologies -- such as computer vision, advanced graphics processing, and the AR Cloud -- come together at scale.”

– Jeff Shouger, CFO

Oberon

Acquired by OnDisplay 2000

ON Technology

IPO 1995

OneLogin

 

Devdutt Yellurkar

OneLogin is an innovator in enterprise identity management and provides a comprehensive solution for managing user identities, both in the cloud and behind firewalls. OneLogin simplifies identity management with secure, one-click access for employees, customers and partners, through all device types, to all enterprise cloud and on-premise applications. CRV invested in OneLogin's Seed round in August 2010.

Oportun

 

Saar Gur

Oportun (formerly Progreso Financiero) is a leading financial services company serving the needs of the growing Hispanic market. Its mission is to help customers build credit in the U.S. and gain access to better lives and mainstream financial services. CRV partnered with Progreso in November 2007.

“Saar was a great member of the Board of Directors. He understood our business, asked good questions, challenged us to think differently about the business, but still provided unwavering support to me as CEO.”

– Raul Vazquez, CEO

Parametric Technology Corporation

IPO 1989

Pared

 

Saar Gur

Pared is the hospitality labor marketplace that fills staffing gaps by matching restaurant workers with operators looking for staff. Staffing is the number one pain point in the hospitality industry. CRV led Pared's Series A in October 2017.

“We couldn't have imagined a better partner for us than Saar. An owner of a multi-unit yogurt chain, Saar understood the challenges of staffing better than any other investor possibly could. He has unique insight and experience into building successful two-sided marketplaces and has a stellar reputation as a value-add investor and person of integrity, which is really important to us as founders.

– Dave Lu & Will Pacio, Co-Founders

PathScale

Acquired by QLogic Corporation 2006

Patreon

 

Saar Gur

Patreon lets fans become patrons of their favorite artists and content creators. Unlike other fundraising services that raise for a single big event, Patreon is for content creators who create a stream of smaller works, like YouTube musicians, bloggers, writers, webcomics, or anyone posting digital media. CRV invested in Patreon's Seed round in August 2013.

“CRV is always helpful and never intrusive: they simultaneously respect our expertise within our field while providing broad, insightful perspective. It's the perfect combination of regard and wisdom that founders need from investors to be innovative.”

– Jack Conte & Sam Yam, Co-Founders

PillPack

 

George Zachary

PillPack is a full-service pharmacy that delivers a better, simpler experience for people who manage multiple medications through convenient packaging, modern technology and personalized service. Medications are pre-sorted into convenient packs labeled with the date and time each dose should be taken and delivered to a customer's door. CRV partnered with PillPack in June 2015.

Pirus Networks

Acquired by Sun Microsystems 2002

Plexium

 

Dylan Morris

Plexium is attempting an integrated approach to drug development, where multiple elements of the drug-development workflow – from target discovery to lead optimization to multi-dimensional diagnostic tests - are all brought under a universal, multifunctional platform. Plexium’s goal is to simplify not just one element of drug development, but to streamline and simplify the entire process by integrating robust diagnostics and target discovery abilities. CRV invested in Plexium’s seed financing in February 2018.

Postman

 

Devdutt Yellurkar

Postman is the only complete API development environment, used by nearly seven million developers and more than 200,000 companies worldwide. Postman is an elegant, flexible tool used to build connected software via APIs — quickly, easily and accurately. Postman is headquartered in San Francisco and has an office in Bangalore, where it was founded. CRV led Postman’s Series B financing in April 2019.

Qubole

 

Devdutt Yellurkar

Qubole is developing the next generation cloud data platform: a fast, easy, and reliable way to turn Big Data into business insight. With an unparalleled understanding of the cloud and a can-do attitude, they are addressing today’s challenges of storing and managing data. CRV invested in Qubole's Seed round in October 2011.

“For us at it was very important to have partners in this venture who understood the company building process and had the patience and vision of building a great company. Right from the time we met Devdutt and Max at CRV we had a strong resonance of ideas on how we wanted to build Qubole. Then, when we met the rest of the partners, this feeling was further enforced. We felt that CRV understands how to build companies and guide them through the seed stage to multi-billion dollar enterprises. This comes from a strong operational experience - many partners have started and run their own companies - as well as from a stellar track record in the venture industry. The combination of these two traits was the most important reason why we chose to work with CRV.”

– Ashish Thusoo, Co-Founder & CEO

Recursion Pharmaceuticals

 

Dylan Morris

Recursion Pharmaceuticals combines the best elements of automated biology and artificial intelligence to create a highly scalable drug discovery platform that is capable of finding new drugs and new ways to use old drugs, while simultaneously working on many diseases in parallel. With more than 30 compounds in the development pipeline, and active research in rare disease, inflammation, aging and I/O, Recursion is moving toward the ambitious goal of treating 100 diseases by the year 2025. CRV invested in Recursion’s Series B financing in September 2017.

“Working with George, Dylan and the CRV team has been fantastic - they are founder-focused and provide lots of helpful insights and a great network. We are excited to have CRV on our team!”

– Chris Gibson & Blake Borgeson, Co-Founders

Redline

Acquired by Juniper Networks 2005

Respond Software

 

Max Gazor

Respond Software aims to be the foundation of a new Self-Driving SOC (Security Operation Center) era – where expert security software handles cybersecurity tasks more effectively and efficiently than human analysts alone. CRV led Respond Software’s seed financing in 2016.

“As someone who’s done this a few times, I can tell you that Max and CRV are world-class in their support for me and the company. Max consistently offers smart insights, compelling angles of thought and thoughtful encouragement as we take this journey together. ”

– Mike Armistead, CEO & Co-Founder

Ring

Acquired by Amazon 2018

Rive Technology

River Delta Networks

Acquired by Motorola 2001

RPX

IPO 2011

Scribd

 

George Zachary

Scribd is the world's largest digital library. Readers discover books and written works of all kinds on the Web or any mobile device, and publishers and authors find a voracious audience for their work. On Scribd, readers find everything from up-and-coming books by new authors, to court filings that have been making the news, to academic papers from scholars around the world. With a Scribd subscription, readers have unlimited access to best-selling books and premium documents, and can read them on any iOS and Android smartphone, tablet or desktop. CRV partnered with Scribd in December 2008.

SessionM

 

Jon Auerbach

SessionM is a leading customer data and engagement platform empowering the world's most innovative brands to forge stronger, more loyal and more profitable consumer relationships. CRV partnered with SessionM in April 2012.

“CRV is one of the few venture firms that truly puts the entrepreneur first and is there to help with any aspect of growing your business.”

– Lars Albright, Co-Founder & CEO

Signal Sciences

 

Murat Bicer

Signal Sciences is revolutionizing application security with its Web Protection Platform (WPP), bringing real time attack analytics to security and engineering teams. This real time visibility and protection enables businesses to confidently and securely adopt modern development practices like DevOps, cloud and CI/CD. CRV led Signal Sciences Series B financing in 2017.

SimpliVity

Acquired by Hewlett Packard Enterprise 2017

Sincerely

Acquired by Provide Commerce 2013

Sonus Networks

IPO 2000

SpeechWorks

IPO 2000

Standard Cognition

 

Devdutt Yellurkar

Through deploying modern deep learning techniques, we can improve everyone’s retail shopping experience. By getting rid of slow, cumbersome checkout lines, we can make shopping a seamless, magical and much more human interaction. CRV provided seed funding in 2017.

Stella

 

Jon Auerbach

Stella.ai is the first Shared Talent Network in the world, which uses artificial intelligence to network recruiting teams across top companies, and speed up the labor market. Stella.ai is an audacious idea, and came to life with the support of 100 large enterprises (including 50 of the Fortune 500), $12 million in funding from top investors, and a truly world class team who fight each day to make it happen. CRV led Stella’s Series A financing in August 2016.

“Jon and CRV didn’t back an idea, they backed our team in the literal sense. They have stood by our side though the ups & downs that come with an early stage business, and I’ve always felt they were partners in the journey. It’s hard to find great investors who also have their hearts in the right place, so I’d say we lucked out with getting the CRV team.”

– Richard Joffe, CEO & Co-Founder

Stratus Computer

IPO 1983

Sybase, Inc.

IPO 1991

Symbol Technologies

IPO 1980

System1 Biosciences

 

George Zachary

We are a group of people dedicated to finding better treatments for neurological and psychiatric disorders like epilepsy, autism, and schizophrenia. The impact of these diseases on patients, families, and society is immense, and traditional approaches to identifying treatment have mostly failed. We’re using breakthrough technology — cerebral organoid science, systems neuroscience, robotic automation, and advanced data analytics to discover never-before-possible quantitative characterizations of these complex diseases. We call these “deep phenotypes” and use them to achieve our mission of identifying novel therapeutic targets and drug treatments. CRV co-led the Series A in June 2018.

TalentBin

Acquired by Monster 2014

TerraPower

 

Izhar Armony

TerraPower is a nuclear energy technology company with the goal of providing the world with a more affordable, secure, and environmentally friendly form of nuclear energy. TerraPower’s unique approach will greatly simplify the current nuclear energy supply chain and significantly mitigate many of the shortcomings of today’s nuclear energy technologies. CRV invested in TerraPower's Series A in December 2008.

“We chose to work with Charles River because of the previous good experience our founders had with them.”

– John Gilleland, CEO

Tophatter

 

Saar Gur

Tophatter is an entertaining live marketplace that conducts live online auctions where buyers can interact and transact in a wide variety of categories. CRV invested in Tophatter's Seed round in November 2009.

“Saar has been a mentor, advisor, and friend long before he invested a cent in our company. He believed in us when we were just two guys & an idea, and he has supported us through numerous inventions & reinventions. We are extremely grateful to be a member of CRV's family.”

– Chris Estreich & Ashvin Kumar, Co-Founders

Twitter

IPO 2013

Udacity

 

George Zachary

Udacity is reinventing education for the 21st century by bridging the gap between real-world skills, relevant education, and employment. Its mission is to bring accessible, affordable, engaging, and highly effective higher education to the world. Udacity offers a wide range of online courses, sponsored and developed together with corporations, to teach skills and knowledge relevant in high-tech careers. CRV led Udacity's Series A in December 2011.

“CRV works really hard to make my company succeed. Consistently the right advice at the right time. I love them.”

– Sebastian Thrun, Co-Founder & CEO

Upromise

Acquired by Sallie Mae 2006

Upstream Security

 

Izhar Armony

Upstream Security leads the automotive cybersecurity market with the first comprehensive cloud-based solution to identify, monitor, and protect connected vehicle fleets from cyber-attacks and fraud. Founded by cyber-security veterans, Upstream delivers the protection and visibility OEMs, vehicle fleets and service providers need in order to run their fleets efficiently and securely. CRV led Upstream's Series A in November 2017.

“We feel fortunate to have an investor like CRV join Upstream and we look forward to a long and fruitful partnership. Izhar and the rest of the CRV team share our vision for the future of transportation and have been a natural extension of our team on our quest to the category leading company in this rapidly evolving space.

– Yoav Levy & Yonatan Appel, Co-founders

Usermind

 

Max Gazor

Usermind is developing enterprise software solutions that help business operations professionals to integrate multiple software applications, and build processes that make teams more productive and efficient. Its software platform achieves business agility through orchestration and experimentation. CRV invested in Usermind's Series A in September 2013.

“CRV has had deep conviction about our team and vision since the early days of our engagement with them. They work hard at all aspects of building the company - recruiting and closing key talent, connecting us to market movers and early adopters for customer development and providing strategic advice and feedback.”

– Michel Feaster & Przemek Pardyak, Co-Founders

Venetica

Acquired by IBM 2004

Vignette Corporation

IPO 1999

ViKi

Acquired by Rakuten 2013

Virtusa

IPO 2007

Vlingo

Acquired by Nuance Communications 2012

Webaroo

 

Devdutt Yellurkar

Webaroo’s universal messaging platform Gupshup enables users to communicate and share their short messages, privately with friends and colleagues or publicly with all on every mobile device, and can be accessed via SMS or Mobile Apps. Gupshup’s messaging platform and its cloud communication services support over 2.1 billion mobile interactions per month, helping over 66 million users, 500 brands and 25,000 businesses to interact, engage and communicate using any mobile device. CRV partnered with Webaroo in September 2008.

“CRV passes the VC litmus test — of being constructive when the going gets rough. They point out the mistakes, but also offer help. They don't add to your problems, instead advise how to address them. They put themselves in the founder's shoes before offering advice. They stay level-headed even when others may be losing theirs. They are the ideal partners an entrepreneur can have.”

– Beerud Sheth, Co-Founder & CEO

Webspective

Acquired by Inktomi 1999

Wild Type

 

George Zachary

Wild Type creates the cleanest, most sustainable seafood on the planet. Every day that passes, our oceans warm, the fish within them continue to dwindle, and we move closer to a world in which our favorite dishes simply aren't available. Wild Type's mission is to play a part in reversing these trends by creating delicious foods in a new way. CRV led Wild Type's Series A financing in October 2019.

“You can feel a tangible warmth when you walk into CRV's offices and meet the team. For us, that manifested in our first meeting with George who spent over two hours with us asking about our families and our personal passions, in addition to questions about the business. Between George's deep insights and Dylan's connections in the biotech community, we could not ask for better partners as we continue to build Wild Type.”

– Justin Kolbeck & Arye Elfenbein, Co-Founders

Wish

 

Wish is a mobile commerce platform. It provides online services that include media sharing and communication tools, personalized and other content, as well as e-commerce. Wish offers access to a variety of affordable goods by leveraging a global supply chain of direct suppliers and avoiding retail costs. CRV participated in Wish's Series Seed financing in 2010.

Wish

Seeded 2010

Wonder Workshop

 

George Zachary

Wonder Workshop is building delightful robots for children to program. The company’s mission is to create a platform of learning and play for children – empowering them with joy and magic of programming robots at a young age. Wonder Workshop has introduced Dash & Dot, robots that delight and engage children while teaching them programming concepts. CRV invested in Wonder Workshop's Series A in February 2014.

“I've known George for a few years and I have immense respect for him, and as a result, for CRV. CRV and George were investors in my previous venture, and helpful partners. I've wanted to work more closely with George since then, and I am excited that it's happening for Wonder Workshop.”

– Vikas Gupta, Co-Founder

Xamarin

Acquired by Microsoft March 2016

Ximian

Acquired by Novell 2003

Yammer

Acquired by Microsoft 2012

Yantra

Acquired by Sterling Commerce 2005

Zerto

 

Murat Bicer

Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple and reliable business continuity software solutions. Through the Zerto Cloud Continuity Platform, organizations can seamlessly protect and move virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual Replication, has become the standard for protection, recovery and migration of applications in cloud and virtualized data centers, and won numerous awards. CRV partnered with Zerto in June 2016.

“Murat has been a friend and mentor to Zerto since the early days, so when he approached us regarding our latest financing round we felt that the opportunity to partner with CRV was one that we couldn’t refuse. We’re proud to be a part of the CRV family, with their incredible track record and strong support for entrepreneurs.”

– Ziv Kedem, Co-Founder & CEO

004 The Team

Izhar Armony

SaaS / Mobile

“If everything seems under control, you're not going fast enough.
- Mario Andretti ”

  • Airobotics Airobotics
  • Capriza Capriza
  • Cybereason Cybereason
  • Drift Drift
  • Kodiak Robotics Kodiak Robotics
  • TerraPower TerraPower
  • Upstream Security Upstream Security
Aveksa - Acquired by EMC 2013
Conduit Labs - Acquired by Zynga 2010
GrabCAD - Acquired by Stratasys 2014
Guardent - Acquired by Verisign 2004
HubSpot - IPO 2014
iBasis - IPO 1999
iPhrase - Acquired by IBM 2005
iSkoot - Acquired by Qualcomm 2010
Oberon - Acquired by OnDisplay 2000
RPX - IPO 2011
ThinQ - Acquired by Saba Software 2005
Virtusa - IPO 2007
Vlingo - Acquired by Nuance Communications 2012
Yantra - Acquired by Sterling Commerce 2005

Jon Auerbach

Mobile Consumer & Enterprise / Ad Tech / Infrastructure

“I look for world class teams. One part expertise. One part insight. Two parts drive.”

  • Stella Stella
  • Affirmed Affirmed
  • Lola Lola
  • SessionM SessionM
CCTV Wireless - Acquired by TerreStar 2008
Flatiron School - Acquired by WeWork 2017
Optasite - Acquired by SBA Communications 2008
Quattro Wireless - Acquired by Apple 2010 (Co-led at Highland)
Starent Networks - IPO 2007, Acquired by Cisco 2009 (Co-led at Highland)

Murat Bicer

SaaS / Cloud / Enterprise IT

“Great entrepreneurs are not afraid of crazy ideas and neither are we. CRV’s early stage focus means taking big risks is business as usual for us.”

  • mabl mabl
  • Gorgias Gorgias
  • Abacus Insights Abacus Insights
  • Concord Concord
  • Fauna Fauna
  • Iterable Iterable
  • Signal Sciences Signal Sciences
  • Zerto Zerto
Chef
Datadog (NASDAQ: DDOG)
SiSense
XtremIO

Max Gazor

Cloud / SaaS / Enterprise Software / Big Data / Infrastructure

“CRV's focus on early-stage investments allows me to do what I enjoy the most - helping entrepreneurs succeed.”

  • Respond Software Respond Software
  • Arceo.ai Arceo.ai
  • Airtable Airtable
  • CloudGenix CloudGenix
  • Diamanti Diamanti
  • Usermind Usermind
SimpliVity - Acquired by Hewlett Packard Enterprise 2017

Saar Gur

Consumer & Mobile / Media / SMB SaaS

“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has.
- Margaret Mead”

  • Kapwing Kapwing
  • Mercury Mercury
  • Patreon Patreon
  • DoorDash DoorDash
  • Bird Bird
  • ClassPass ClassPass
  • Pared Pared
  • Niantic Niantic
  • Dropbox Dropbox
  • Tophatter Tophatter
  • Oportun Oportun
  • Fair Fair
Ring - Acquired by Amazon 2018
AdMob - Acquired by Google
Brightroll - Acquired by Yahoo! (co-founder)
MileIQ - Acquired by Microsoft 2015
Orchestra (product: Mailbox) - Acquired by Dropbox 2013
ViKi - Acquired by Rakuten 2013
Other: Karma/Facebook, Flixster/WarnerBrothers, Scan/Snapchat, - Talentbin/Monster, Sincerely/ProvideCommerce

MayC Huang

AI / Blockchain / IoT / Cloud / SaaS

“...People will forget what you said, people will forget what you did, but people will never forget how you made them feel. - Maya Angelou”

Anna Khan

SaaS/ Cloud/ Enterprise Software/ Mobile

“Sometimes the questions are complicated and the answers are simple. - Dr. Seuss”

Dylan Morris

BioEngineering

“Progress in science depends on new techniques, new discoveries, and new ideas, probably in that order.
— Sydney Brenner”

  • Wild Type Wild Type
  • System1 Biosciences System1 Biosciences
  • 3T Biosciences 3T Biosciences
  • Plexium Plexium
  • Freenome Freenome
  • Color Color
  • Recursion Pharmaceuticals Recursion Pharmaceuticals

Bruce Sachs

Mobile and Enterprise Infrastructure/Cloud/Robotics & Consumer Electronics

“People are the most important ingredient… when I am lucky, those people let me help them be successful.”

  • Light Light
  • Nantero Nantero
Acopia Networks - Acquired by F5 2008
BigBand Networks - IPO 2007
BNI Video - Acquired by Cisco Systems 2011
Cedar Point Communications - Acquired by GenBand 2011
Flarion Technologies - Acquired by Qualcomm 2006
GreatCall - Acquired by GTCR 2017
Hammerhead Networks - Acquired by Cisco Systems 2002
Icontrol - Acquired by Comcast and Alarm.com 2017
River Delta Networks - Acquired by Motorola 2001
SimpliVity - Acquired by Hewlett Packard Enterprise 2017

Kristin Baker Spohn

Enterprise/ Healthcare

“The credit belongs to the person who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly. - Theodore Roosevelt”

Erica Van

Enterprise / Frontier Tech / Saas

“Talent hits a target no one else can hit; Genius hits a target no one else can see. - Arthur Schopenhauer”

Devdutt Yellurkar

Developers/ Cloud/ SaaS

“As an entrepreneur, I have first hand experience with CRV always believing in founders. As a VC, that's the team I wanted to be on.”

  • Gatsby Gatsby
  • Postman Postman
  • Standard Cognition Standard Cognition
  • Kong Kong
  • Aviatrix Aviatrix
  • Cratejoy Cratejoy
  • OneLogin OneLogin
  • Qubole Qubole
  • Webaroo Webaroo
Zendesk - IPO (NYSE: ZEN) 2014
Accompany - Acquired by Cisco 2018
Wave - Acquired by H&R Block 2019
SignalFX - Acquired by Splunk 2019
Other: OpenMile/Echo Logistics, Rethink Robotics/Hahn Group, Symphony Commerce/Quantum Retail

George Zachary

BioEngineering

“Advancing health through revolutionary computer science. Building on 21+ years of consumer and enterprise investing.”

  • Wild Type Wild Type
  • PillPack PillPack
  • 3T Biosciences 3T Biosciences
  • Plexium Plexium
  • Recursion Pharmaceuticals Recursion Pharmaceuticals
  • Color Color
  • Freenome Freenome
  • System1 Biosciences System1 Biosciences
  • Udacity Udacity
  • Health IQ Health IQ
  • Scribd Scribd
  • Wonder Workshop Wonder Workshop
Twitter - IPO 2013
Yammer - Acquired by Microsoft 2012
Accrue Software - IPO 1999
Andale - Acquired by Vendio 2006
Critical Path - IPO 1999
Jambool - Acquired by Google 2010
Metaplace - Acquired by Playdom/ Disney 2010
Millennial Media - IPO March 2012
Sandcastle Inc. - Acquired by Adobe Systems
Securify - Acquired by Kroll- O'gara 1999
Shutterfly - IPO 2006
Supertracks - Acquired by Centerspan 2001
Telebot - Acquired by Z-Tel

Other Team Members

  • Hillary Frank

    Head of Community

  • Sachin Sood

    CFO

  • Chris Baldwin

    Partner Emeritus

  • Rick Burnes

    Partner Emeritus

  • Ted Dintersmith

    Partner Emeritus

  • Mike Zak

    Partner Emeritus