HomeUSACrosslink Capital Closes Tenth Flagship Venture Fund, at $350M

Crosslink Capital Closes Tenth Flagship Venture Fund, at $350M

Crosslink-Capital

Crosslink Capital, Inc., a Menlo Park, Ca-based early-stage venture capital investing firm, closed its tenth flagship venture capital fund, Crosslink Ventures X, at $350M.

The firm is 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.

Founded in 1989, Crosslink Capital focuses on early-stage venture capital investing, backing entrepreneurs who are building disruptive and market-transforming companies. Core to the firm’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.

The firm has raised ten venture capital funds and manages over $4.6 Billion.

Commenting on the fund closing, David Silverman, General Partner at Crosslink, said: “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. Our seasoned team stands ready to guide founders through unpredictable market conditions and strives to capitalize on moments of prosperity with precision and confidence.

In conjunction with the fundraise, Crosslink Capital added 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 her 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 growth companies.

VCWire

23/04/2024