Crosslink Capital, a venture capital and growth equity firm, has closed Crosslink Ventures VI, a USD200m venture fund focused on information technology and energy technology investments.
Like prior funds, Crosslink Ventures VI is stage-independent with a bias to early-stage investments.
The new fund attracted investment from existing and new limited partners. Among those the new LPs investing in Crosslink Ventures VI is Guardian Life Insurance Company of America.
"We joined Crosslink Ventures VI as a new limited partner because Crosslink Capital has consistently been a top performer in up or down markets, and we’re convinced their unique investment strategy works," says David Turner, managing director, head of private equity at Guardian.
Cheng Wang, principal at Guardian, will join the Crosslink Ventures VI advisory board.
"The continued support from existing LPs and commitment from new LPs affirms that our hybrid investment approach is unique and effective," says Michael Stark (pictured), general partner, Crosslink Capital. "This is a great time to be a venture capital investor with fresh capital. Innovation continues regardless of the business cycle and now is the time to be building the next generation of great companies."
Capital from Crosslink Ventures VI already has been committed to two new companies, including an early-stage investment in social gaming company Hi5 and a mid-stage investment in LiveScribe, the creator of the Pulse and Echo smartpens.
With the closing of Crosslink Ventures VI, Crosslink Capital now has USD1.5bn under management.
