Crosslink Capital has closed its seventh venture capital fund (Ventures Fund VII), with USD170 million of capital commitments.
The new fund, which includes support from both new and existing investors, will enable the Crosslink team to continue to successfully invest in early stage software, mobile, consumer startups that are pioneering innovation in cloud computing, infrastructure, security, and Software-as-a-Service technologies.
Ventures Fund VII will have a strong focus on seed and Series A opportunities, as the Crosslink team continues to collaborate with the leading micro-VC funds to identify emerging investment areas and opportunities. The fund is an equal partnership of four General Partners- Eric Chin, Jim Feuille, David Silverman, and Michael Stark, supported on the investment side by one Venture Partner, two Vice Presidents, three Associates and the overall infrastructure of the firm.
"We're pleased to have closed Ventures Fund VII and we're already actively investing in great companies," says Jim Feuille, General Partner at Crosslink. "With our strong track record, we'll use Fund VII to primarily invest in leading early-stage startups, while supporting the needs of later-stage companies through our other existing Funds."
