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January 21, 2021
SAN FRANCISCO–(BUSINESS WIRE)–Crosslink Capital, Inc. announced today the closing of its ninth flagship venture capital fund, Crosslink Ventures IX. The new fund, which includes support from both new and existing investors, was significantly oversubscribed, and closed with $350 million of capital commitments. The firm’s previous venture fund was capitalized at $275M in June 2018.
As an investor in disruptive innovators such as Coupa, Personal Capital, ServiceMax, Vungle, Chime, Molekule and Weave, Crosslink remains committed to investing in early-stage (Seed and Series A) technology companies and supporting them at every stage of their growth. Crosslink has been partnering with ambitious entrepreneurs for over thirty years, and the new fund enables the team to continue to allocate intelligent capital and collaborate with seed funds to identify, invest in and deliver an enduring portfolio of winners.
“We take a decidedly different approach from most early stage investors and our mission is to help our companies succeed by partnering with them and plugging them into the rich ecosystem of alpha and our portfolio,” said Eric Chin, General Partner at Crosslink and co-founder of alpha. “We are honored to have the opportunity to work with exceptional founders who select us as partners, and are grateful for the support of our limited partners.”
“Essential to Crosslink’s culture is a commitment to teamwork and a prioritization of integrity above all else,” said David Silverman, General Partner at Crosslink. “We are dedicated to building excellence in our process across the firm and delivering results for our entrepreneurs, investors and partners.”
With Crosslink Ventures IX, the team is also excited to announce that it has promoted Phil Boyer to Partner. Phil joined Crosslink in 2014 and focuses on investing in enterprise applications, infrastructure, vertical software, and frontier technology. The promotion recognizes Phil’s tremendous contributions to Crosslink and highlights the firm’s continued momentum in strengthening its investment team. Phil will join Eric Chin, David Silverman, and Matt Bigge as investment partners managing the new fund.
A core element of Crosslink’s strategy is its commitment to alpha, an invite-only networking group of more than 2,000 founders, CEOs and influencers who are passionate about the next generation of technology. Alpha’s mission is to build the premier peer to peer networking forum in the startup community, connecting entrepreneurs and leaders through more than 50 annual forums and highly curated events where they can engage in meaningful, candid dialogue and build deep relationships with their peers.
About Crosslink Capital
Crosslink Capital, founded in 1989, is based in Menlo Park and San Francisco and focuses on early stage venture capital investing, backing entrepreneurs who are building disruptive and market-transforming companies. Crosslink has raised nine venture capital funds and manages over $3.6 billion. For more information visit www.crosslinkcapital.com.
View original content: https://www.businesswire.com/news/home/20210121005120/en/Crosslink-Launches-350M-Fund-to-Back-Early-Stage-Founders
Maureen Offer | Crosslink Capital
W: 415-617-1885
moffer@crosslinkcapital.com