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Crosslink Capital Raises New $170M Venture Capital FundSAN FRANCISCO, Feb. 5, 2015 /PRNewswire/ -- Crosslink Capital, Inc. announced today the final closing of its seventh venture capital fund ("Ventures Fund VII"), with $170 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," said 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." San Francisco-based Crosslink was established in 1989 and the firm has more than $1.6 billion under management. Taking a hybrid approach firm wide, Crosslink works with private companies across early, middle and late stages, and also invests in the public markets. With this broad perspective, Crosslink can identify new investmet opportunities with a unique market lens, and bring intelligence and sustainable advantages to exit and liquidity decisions. "From day one Crosslink has been more than an investor," said Doug Feirstein, Founder of Hired.com. "Eric Chin is a true partner and the Crosslink team is helping us through the many challenges that young, high growth companies face every day. We can always count on Crosslink to be by our side with great counsel, support and access to resources at the Alpha Club (www.alphaclub.org)." IPOs and significant M&A Events New Investments in 2014 "The biggest assets Crosslink has are the exceptional founders who select us as partners," said Eric Chin, General Partner at Crosslink and Co-founder of Alpha Club. "At our core is the desire to help emerging companies thrive by putting the power fully in the hands of the entrepreneur to decide how best to tap into the resources we offer our portfolio companies, from industry expertise and go-to-market strategic counsel, to our deep connections and network that comes from initiatives like the Alpha Club. We work tirelessly to support our founders and our investors." About Crosslink Capital
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/crosslink-capital-raises-new-170m-venture-capital-fund-300031326.html SOURCE Crosslink Capital |