Report: Charles River to close $300M fund

By Galen Moore

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Charles River Ventures is about to close its 14th investment fund at $300 million, according to an online report.

A Charles River spokeswoman said the venture capital firm would not comment on the new fund. A report by the website PEHub did not characterize the source of its information, but noted that Charles River declined to comment.

Last year, Charles River and its co-investors in EqualLogic closed the biggest VC-backed merger-and-acquisition deal of 2008 with the $1.4 billion sale of the Nashua, N.H.-based data services company to Dell Inc. (Nasdaq: DELL). Co-investors included Focus Ventures, Sigma Partners and TD Capital Technology Ventures.

Earlier this year, Charles River portfolio company mValent Inc., a Waltham-based maker of application configuration software, was acquired by Oracle Corp. (Nasdaq: ORCL). Investors had put over $20 million into mValent, but the terms of that deal were not disclosed.

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