Crosslink Capital Inc., a leading multi-stage technology venture capital and growth equity firm, today announced the closing of Crossover Fund V, L.P., bringing the firm’s total capital under management to more than $1.4 billion. A select group of new investors joined existing investors in the new fund, which was capped at $400M. With Crossover V, the firm will continue its strategy of investing in both public and private companies in the alternative energy, core technology, communication services and Internet services sectors.
In alternative energy, for example, the Crossover Fund team has made four private investments, in two alternative lighting companies, and in two solar panel manufacturers. On the public side, the company was an early investor in public company First Solar (Nasdaq: FSLR), which has been a core position since its IPO.