Marina Temkin - Live Now Tech

Venture firm CRV raises $750M, downsizing after returning capital to investors

The 55-year-old VC firm announced its twentieth fund.

VCs and founders took much of the $2.4B, but money was left for a payout to all employees, sources say.

The 15-year-old chipmaker saw its shares climb 61% above its IPO price by the close of its first trading day.

The new round is being led by Iconiq Capital, with the possibility of a co-lead investor joining.

The seed round for Julius AI was led by Bessemer Venture Partners.

Lazarte has only been at Benchmark for two years. He backed startups like Mercor, HeyGen, and Decart AI.

Acrew Capital’s Kolodny led a $20 million Series A in Alix, a startup that uses AI to automate estate processing.

The company claims that its model achieved state of the art on specific metrics.

YC alum Greptile raises $30M Series A.

The nine-year-old salon and spa software provider has hit a valuation of nearly $800 million.