Crosslink Capital

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Announcing our Investment in Phil

| August 24, 2017

Filling prescriptions is a pain point for countless consumers, especially for those with recurring medication needs that live outside of urban areas. Consumers experience long wait times and often leave the pharmacy empty-handed. The large chain pharmacies’ business models are predicated on having consumers wait for their prescriptions and peruse the other aisles for razors, candy, gift cards, etc. There’s a reason the pharmacy is always in the back of the store!

As was announced last week, Crosslink led Phil’s Series A investment in Phil alongside our friends at ENIAC and SoftTech. Read rest here.

Phil Accelerates Growth with National Expansion and $10M Series A Funding

| August 16, 2017

Crosslink Capital led round, advancing Phil’s disruption of traditional prescription management.

SAN FRANCISCO–(BUSINESS WIRE)–Phil Inc., an end-to-end prescription management and delivery service connecting patients with local pharmacies, announced today its national expansion following its recent $10M funding round close led by Crosslink Capital. Other investors include Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank, and Transmedia Capital. Top-rated, independent pharmacies in all major states are now part of Phil’s fast-growing network, which since November 2016 has grown to cover 95 percent of the U.S. population.

Phil’s alternative to traditional pharmaceutical management aims to solve the problem of drug adherence, which drives between $100B and $300B in unnecessary medical costs in the U.S. each year. Read rest here.

Millennial Dad Site Fatherly Raises $4 Million to Expand Into Video and Events

| August 7, 2017

Fatherly, a New York City-based media startup, has raised $4 million in venture funding from BDMI, the investment arm of media company Bertelsmann, and talent agency UTA.

 The company plans to use the money to expand the scope of its content, launch a podcast, develop original video series, and expand internationally in the next 18 months. The company has created franchises like 940 Weekends, a reference to the number of weekends dads have to spend with their kids between birth and age 18; My Father The…, a series of interviews with children of famous men, and the Father of the Year awards, which it hopes will lead to more events. Michael Rothman, the company’s CEO, says the strategic expertise from UTA and BDMI will be key to accomplishing Fatherly’s goals. Read the rest here.

Crosslink Capital leads $10.1 mln round for Molekule

| July 21, 2017

Today Molekule, the company behind the only molecular air purifier proven to destroy indoor pollutants, announces $10.1 million in Series A funding. Led by Crosslink Capital with participation from SoftTech VC, Translink Capital, and Foxconn, the round will be used to scale production, expand its team, and build out the product pipeline. Molekule is also announcing the device’s availability to the general public.

Our air quality is rapidly declining due to increasing industrialization and other environmental factors. While unhealthy for everyone, for the one in four allergy and asthma sufferers in the U.S., poor air quality can be debilitating — particularly since climate change and rising levels of pollution are shown to worsen such symptoms. Read the rest here.

BabyBjorn, Fatherly Feature Trans Dad In Video

| July 21, 2017

BabyBjörn is launching a parenting video starring a trans dad.

As part of BabyBjörn’s #Dadstories campaign, the video highlights its limited-edition collection, which is inspired by and designed for modern dads.

The series, co-sponsored by parenting resource Fatherly, features real dads and their children. This installment follows S. Leigh Thompson-Shealy and his son as they prepare for a day out utilizing the Baby Carrier One. Read the rest here.

Announcing our Investment in FairClaims

| July 19, 2017

Technology is transforming business-to-customer interactions almost everywhere you look. The process of submitting and managing dispute claims has been largely unchanged over the last half century. It’s painful, time consuming, and very manual for all parties involved. FairClaims aims to modernize how businesses manage and resolve customer disputes.

As TechCrunch covered earlier this week, we co-led the seed round in FairClaims with our friends at Fika Ventures. FairClaims provides simple, but effective dispute resolution to the ever increasing number of online transacting platforms, starting with marketplaces. Read the rest here.

AppDynamics and NodeSource Team Up For Enterprise Node.js Monitoring

| July 18, 2017

Node.js is a popular choice with application development teams due to its event-driven, non-blocking, flexible, lightweight and extensible framework which enables faster innovation and adoption of microservices. AppDynamics has supported monitoring of Node.js since 2014. It has been a cornerstone of our Unified Monitoring strategy providing visibility into end-to-end transactions, across disparate tiers and programming languages, to provide a full view of a user’s journey through an application.

That is why we are excited to announce our collaboration with NodeSource to provide the best monitoring support for the NodeSource N|Solid runtime. Read the rest here.



FairClaims raises $1.8 million to be a virtual “Judge Judy”

| July 12, 2017

Two years ago, Stephen Kane was looking for his next big idea. A lawyer who previously worked for the mega-firm O’Melveny & Myers and then spent time at Lex Machina, a software company that analyzed case law for lawyers, Kane was looking for the next new thing.

That was when he hit on his latest idea, FairCaims — an online service to resolve small claims cases. Kane calls it a virtual “Judge Judy” and he’s not wrong. Read the rest here.


Daddy’s home: Millennial fathers amp up parenting

| June 19, 2017

Tony Dokoupil takes a Father’s Day look at a new generation of devoted Dads:

Don’t let the sport coat fool you — Simon Isaacs is ready for the playground. He’s with his two-year-old daughter Kaia, selling imaginary tacos.

And while Simon’s afternoon with her may not look like much, certainly no more than what many moms do every day, the 36-year-old entrepreneur sees it as a small act of revolution. Read the rest here.

Casper, Mattress Maker, Raises $170 Million and Plans I.P.O.

| June 19, 2017

Several months ago, Casper, the most prominent of a new generation of mattress makers that rose to prominence through e-commerce, held talks to sell itself to Target.

Those talks fizzled as the two sides failed to agree on terms. Instead, Target is now leading a new investment in Casper — as the mattress maker aims for an initial public offering down the road.

Casper plans to announce as soon as Monday that it has raised $170 million. The investment is being led by Target, which on Sunday began selling Casper mattresses, pillows, sheets and more in its stores and on its website. Read the rest of the article here.

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