April 23, 2024

Crosslink Launches Tenth Flagship Venture Fund with $350 Million

New Fund Emphasizes Commitment To Early-Stage Founders, Highlights Ecosystem Approach With Its Alpha Network; Firm Also Ramps Up Portfolio Development With New Strategic Hire

MENLO PARK, Calif.–(BUSINESS WIRE)–Crosslink Capital, Inc. announced today the closing of its tenth flagship venture capital fund, Crosslink Ventures X, aimed at backing early-stage entrepreneurs. The new fund, which includes support from both new and existing investors, closed with $350 million of capital commitments. The firm’s previous venture fund was also capitalized at $350 million in January 2021.

Crosslink remains dedicated to investing in early-stage founders from inception, which includes pre-seed and seed, through Series A, and supporting them at every stage of their growth. This year, the firm is celebrating 35 years of partnering with ambitious entrepreneurs developing enterprise, consumer, and vertical technologies; a complete list of Crosslink’s portfolio companies can be found here.

“The steadfast commitment of our limited partners in a time when many are pulling back is a testament to Crosslink’s decades of experience navigating diverse market cycles,” said David Silverman, General Partner at Crosslink. “Our seasoned team stands ready to guide founders through unpredictable market conditions and strives to capitalize on moments of prosperity with precision and confidence.”

Core to Crosslink’s strategy is its commitment to Alpha, an invite-only network of more than 2,000 founders, CEOs, investors, and operators that was co-founded in 2005 by Crosslink General Partner, Eric Chin. Alpha connects entrepreneurs and industry thought leaders through more than forty annual forums, including thematic dinner discussions, networking parties, investor summits, and conferences. Attendees are nominated by peers, creating a network effect that spans throughout the venture and startup ecosystem and ensures the community remains vibrant with emerging talent.

“Our aim is to help founders succeed by plugging them into a rich ecosystem of peers and experts that can support them at all stages of their journey,” said Chin. “This is especially important in this moment as many founders settle into an economic environment that’s different from when they started. Many founders have connected with individuals at Alpha functions who later became their advisors, investors, customers, and even acquirers.”

In conjunction with the fundraise, Crosslink Capital welcomed Anduena Zhubi to its team as the Director of Business Development, a strategic new role within the firm aimed at providing post-investment support to portfolio companies to help accelerate their success. Zhubi brings a wealth of industry experience from roles across the technology ecosystem, having most recently held key positions at Microsoft and M12—Microsoft’s venture arm, where she led the company’s relationships with Silicon Valley venture firms and hypergrowth companies. Read rest here