Venture capital firm CRV is speaking with investors about raising its first growth equity fund, Axios has learned.

Talks are still in the early stages, and follow CRV's recent hiring of Brett Rochkind away from General Atlantic. Word is that the bi-coastal firm plans to raise the growth equity vehicle simultaneous to raising its next early-stage fund (CRV XVII), with each to target around $400 million. CRV declined comment.

Big question: Will investors be willing to make 1:1 commitments for a new product led by someone new to the firm?

Go deeper

Updated 38 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 12,382,748 — Total deaths: 557,241 — Total recoveries — 6,796,045Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 3,163,505 — Total deaths: 133,847 — Total recoveries: 969,111 — Total tested: 38,032,966Map.
  3. Public health: The reality of the coronavirus bites.
  4. Trade: Trump says he's no longer considering phase-two trade deal with China because the pandemic damaged the two countries' relationship.
  5. 🎧 Podcast: Rural America has its own coronavirus problem.
42 mins ago - Health

Reality of the coronavirus bites

National Airport in D.C. Photo: Daniel Slim/AFP/Getty Images

It feels like mid-March in America again. The coronavirus is surging, deaths are climbing and the country is dreading a wave of disruptions, less than four months since the first round started.

The big picture: Lingering under all the happy talk of future plans is the reality of this virus — which thrives in potential super-spreader conditions like mass gatherings.

2 hours ago - Podcasts

Rural America has its own coronavirus problem

It's often easier to socially distance in rural America, but it can simultaneously be more challenging to get medical care.

Axios Re:Cap digs into the pandemic's urban-rural divide with microbiologist Amber Schmidtke, who has found that coronavirus-related morbidity is higher in many of Georgia's rural counties than in Atlanta.