附近上门

Boston is one of the top markets in the country for startups raising venture capital, and it is also a hot market for VCs raising funds of their own.

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In the past few days, two of the Boston area鈥檚 most active venture investors revealed new funds.

OpenView鈥檚 Fifth Fund

shows that has raised $296.75 million for its fifth venture fund. The initial regulatory filing for the same fund indicated a target fund size of $250 million, meaning that OpenView was able to attract more capital for its fund than it initially anticipated. Available data in 附近上门 and in searchable SEC filings indicates that Fund V is OpenView鈥檚 largest fund closed to date.

OpenView鈥檚 portfolio includes a number of companies which 附近上门 News has covered since the start of the year, including:

• Visual testing platform Applitools, which raised a Series C round in April.
• Back-office integrator Pipefy, which closed a Series A round in March.
• Loopio, a SaaS tool for managing the proposal request process, which raised its Series A round in February.

So far, in 2018, OpenView has one reported exit: the of by , which was announced in April. Although terms of the pending deal weren鈥檛 disclosed, the Socrata took in $25 million in revenue in its most recent fiscal year.

OpenView declined to comment on the new fund.

CRV Announces Fund XVII

, a 48-year-old venture capital firm formerly known as Charles River Ventures, a late last week. It is CRV鈥檚 seventeenth venture fund, and it is the largest one to date according to available data from 附近上门 and the SEC.

Although CRV has been an early-stage investor, its new fund carries 鈥渁n additional mandate鈥� to invest in growth-stage technology companies. In other words, capital in this new fund is allocated to both early-stage investments and later-stage investments in companies from CRV鈥檚 portfolio and select rounds in companies it otherwise hasn鈥檛 invested in before. If that strategy sounds at all familiar, it鈥檚 because it鈥檚 becoming a more common trend. 附近上门 News recently discussed a filing for a $750 million investment vehicle being raised by . That fund also has an inter-firm growth investing component to its strategy.

CRV has offices in San Francisco, Palo Alto, and Boston. Its name refers to the Charles River, which runs through Boston.

Other Boston Notables

There are a few other Boston-based venture firms that have made the news so far in 2018. Here are some of the highlights:

• , a which specializes in investing in immigrant founders, has announced 2018 investments in , , and . The firm was co-founded by former TechStars Boston leadership Semyon Dukach and Eveline Buchatskiy in 2017.
• , which was co-founded by Warby Parker co-founder , announced its second fund, , in March.
• Carmichael Roberts, one of Boston鈥檚 all-too-few black venture capitalists, he intends to close at least $100 million for his new Material Impact Fund.

Although the Boston metro area may not be quite as active as Silicon Valley or its neighbor New York, it remains one of the U.S.鈥檚 leading innovation hubs. Investors in the area continue to raise more to seize upon opportunities, both local and elsewhere.

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