Crosslink Capital has closed its fifth fund with $400 million in capital commitments. The San Francisco-based firm will continue to invest in both public and private companies in the alternative energy, core technology, communication services and Internet services sectors.
Crosslink Capital Inc., a leading multi-stage technology venture capital and growth equity firm, today announced the closing of Crossover Fund V, L.P., bringing the firm's total capital under management to more than $1.4 billion. A select group of new investors joined existing investors in the new fund, which was capped at $400M. With Crossover V, the firm will continue its strategy of investing in both public and private companies in the alternative energy, core technology, communication services and Internet services sectors.
“For nearly a decade Crosslink Capital has refined its strategy of crossover investing and has developed tightly cohesive and collaborative teams focused on all stages of private and public growth equity investing,” said Michael Stark, co-founder and General Partner. “We believe that this Fund is the largest crossover fund ever raised, which is a true hybrid of public and private securities. Our strong historical results in our Crossover funds since 1995 have enabled this successful fundraising. We believe this investing strategy represents a superior risk-adjusted way to invest in growth equities.”
Crossover Fund V seeks to capitalize on growth equity opportunities in industries where the firm has unique insights and/or deal flow. The fund will invest in companies at all stages of development from very early, seed stage private financings to public equity investments.
Crosslink Capital was among the first investment firms in the