PRINT THIS PAGE US Charles River closes twelfth fund on $250m18/02/2004. Source: AltAssets. 
 US Charles River Ventures has closed its twelfth fund on $250m. The fund brings the firm's total capital under management to $1.6bn. The fund will continue Charles River's strategy of investing in early-stage companies in the technology, intellectual property, services and media sectors.
'Charles River remains committed to finding and investing in the most promising innovations and entrepreneurs with the potential to create the next generation of category-leading companies,' said Bruce Sachs, a partner of Charles River Ventures. 'We are excited about the opportunities in front of us and look forward to deploying CRP XII for the continued success of our investor, the entrepreneurs we back, and our firm.'
The fund's predecessor closed in February 2001 with total commitments of $1.2bn, but was downsized to $450m in May 2002. The firm's recent investments includeBroadbus, a next-generation video-on-demand server systems company, and mValent, an infrastructure software company.
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