Crosslink Capital Launches New $350 Million Fund

By Amit Chowdhry ● Feb 1, 2021
  • Crosslink Capital recently announced the closing of its ninth flagship venture capital fund Crosslink Ventures IX. These are the details.

Crosslink Capital recently announced the closing of its ninth flagship venture capital fund Crosslink Ventures IX. And the new fund — which includes support from both new and existing investors — was significantly oversubscribed and closed with $350 million of capital commitments. The firm’s previous venture fund was capitalized at $275 million in June 2018.

And as an investor in disruptive innovators like Coupa, Personal Capital, ServiceMax, Vungle, Chime, Molekule, and Weave, Crosslink remains committed to investing in early-stage (Seed and Series A) technology companies and supporting them at every stage of their growth. And Crosslink has been partnering with ambitious entrepreneurs for over thirty years, and the new fund enables the team to continue to allocate intelligent capital and collaborate with seed funds to identify, invest in, and deliver an enduring portfolio of winners.

With Crosslink Ventures IX, the team is also excited to announce that it has promoted Phil Boyer to Partner. Boyer joined Crosslink in 2014 and focuses on investing in enterprise applications, infrastructure, vertical software, and frontier technology.

And the promotion recognizes Phil’s tremendous contributions to Crosslink and highlights the firm’s continued momentum in strengthening its investment team. Boyer will join Eric Chin, David Silverman, and Matt Bigge as investment partners managing the new fund.

KEY QUOTES:

“We take a decidedly different approach from most early stage investors and our mission is to help our companies succeed by partnering with them and plugging them into the rich ecosystem of alpha and our portfolio. We are honored to have the opportunity to work with exceptional founders who select us as partners, and are grateful for the support of our limited partners.”

— Eric Chin, General Partner at Crosslink and co-founder of alpha

“Essential to Crosslink’s culture is a commitment to teamwork and a prioritization of integrity above all else. We are dedicated to building excellence in our process across the firm and delivering results for our entrepreneurs, investors and partners.”

— David Silverman, General Partner at Crosslink