Today, Crosslink Capital announced 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 new and existing investors, closed with $350 million of capital commitments. And the firm’s previous venture fund was also capitalized at $350 million in January 2021.
Crosslink will remain focused on investing in early-stage founders from inception, which includes pre-seed and seed through Series A while supporting them at every stage of their growth. This year, the firm is also celebrating 35 years of partnering with ambitious entrepreneurs developing enterprise, consumer, and vertical technologies.
A core Crosslink strategy is its commitment to Alpha, an invite-only network of over 2,000 founders, CEOs, investors, and operators co-founded in 2005 by Crosslink General Partner Eric Chin. Alpha connects entrepreneurs and industry thought leaders through 40+ annual forums, including thematic dinner discussions, networking parties, investor summits, and conferences.
In connection with the fundraising, Crosslink Capital welcomed Anduena Zhubi to its team as the Director of Business Development. Zhubi brings to the team a wealth of industry experience from roles across the technology ecosystem, having most recently held significant positions at Microsoft and M12 (Microsoft’s venture arm), where she oversaw the company’s relationships with Silicon Valley and hypergrowth companies.
KEY QUOTES:
“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.”
– David Silverman, General Partner at Crosslink
“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. 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.”
– Crosslink General Partner Eric Chin
