Crosslink Capital Completes 23rd Deal of 2011

Crosslink Capital, a venture capital and growth equity firm, has announced that its Crosslink Seed Fund has completed its 23rd investment of 2011. The $20 million Crosslink Seed Fund was launched in February 2011 as a carve-out of the Crosslink Ventures VI Fund and is targeting roughly 20 investments each year in advertising, e-commerce, SaaS, financial services, gaming, big data, mobile and several others.

PRESS RELEASE

Crosslink Capital, a leading venture capital and growth equity firm, today announced that the Crosslink Seed Fund has completed its 23rd investment of 2011.

The $20 million Crosslink Seed Fund was launched in February 2011 with the objective of providing between $100,000 and $500,000 in seed capital to early-stage technology companies. The Crosslink Seed Fund is a carve-out of the Crosslink Ventures VI Fund and is targeting roughly 20 investments each year in industries that include advertising, e-commerce, SaaS, financial services, gaming, big data, mobile and several others.

“We’re looking for entrepreneurs who are developing solutions to billion dollar problems,” said Eric Chin, Crosslink Capital partner who stewards the Seed Fund. “This fund is emblematic of Crosslink’s investment philosophy as a whole — providing capital to companies driven by exceptional people with a powerful vision and hunger for success.”

Mr. Chin noted that the Crosslink Seed Fund mirrors the way entrepreneurs themselves work — quickly and decisively. Once the firm identifies an interesting opportunity or an exceptional team, diligence is conducted quickly and the approval process is streamlined. Because of this decision-making agility, the entire process can go from first meeting to funding approval within a matter of days.

Crosslink does not take a board seat on the Seed Fund’s portfolio companies. Instead it gives full access to Crosslink’s expertise and counsel, and networking through the Alpha Club, an organization of some 400 entrepreneurs and CEOs, which Mr. Chin co-founded.

“Our value-add goes well beyond the dollars we invest in these companies; it’s really more about helping the founders accelerate growth through a system of ongoing advice and sharing of best practices,” said Mr. Chin.

Crosslink’s Seed Fund investments include:

Company Description
—————– ————————————————-
Kiip Real rewards for virtual achievements
—————– ————————————————-
Colingo P2P Language Learning Marketplace
—————– ————————————————-
Kitchit.com Services marketplace for food professionals
—————– ————————————————-
WeOtta Event discovery and planning service
—————– ————————————————-
Nodeable Cloud computing management and monitoring Saas
—————– ————————————————-
Zanttz Security software
—————– ————————————————-
Chart.io Saas BI Analytics
—————– ————————————————-
BitYota Scalable OLAP with predictable performance
—————– ————————————————-
CPUsage Harnessing the processing power of idle computers
—————– ————————————————-
Visual.ly Big Data Visualization Software
—————– ————————————————-
Comprehend Clinical Trials Visualization Software
—————– ————————————————-
Study Break Crowdsourced Daily Deals for College Students
—————– ————————————————-
Giftiki Social gifting and payments platform
—————– ————————————————-
Scripted Freelance writer marketplace
—————– ————————————————-
Balance Financial Personal finance marketplace
—————– ————————————————-
CrowdMob Local, social mobile gaming application
—————– ————————————————-
EmpireAvenue Social Influence Virtual Stock Exchange
—————– ————————————————-
Schoolfeed Social network for high school classmates
—————– ————————————————-

For more information on the Innovation Fund, visit http://www.crosslinkcapital.com/portfolio/crosslink-seed-fund/

About Crosslink Capital

Crosslink Capital is a leading stage-independent venture capital and growth equity firm with over $2 billion in assets. Crosslink, which traces its roots back to 1989, was among the first and largest investment firms in the U.S. to integrate public and private growth/technology investing in three families of funds: venture capital funds, long/short hedge funds and a unique hybrid crossover fund. This strategy allows Crosslink to partner with its portfolio companies on a long-term basis. With more than 20 years behind it, Crosslink Capital has invested in over 100 private equity portfolio companies, at the early, mid, and late stages including Pandora P -0.02% , Ancestry.com ACOM +0.98% , Omniture (acquired by Adobe Systems), Equinix EQIX +0.86% , Carbonite CARB -0.02% , Intematix, SeaMicro, Synapsense, Bleacher Report, Marin Software and DataStax.

SOURCE: Crosslink Capital