Investment Summary

Crosslink Capital, General Atlantic and ICONIQ Capital Invest In Chime

On March 5, 2019, growth capital firms Crosslink Capital, General Atlantic and ICONIQ Capital invested in internet software and services company Chime

Investment Highlights
  • This is Crosslink Capital’s 17th, General Atlantic’s 44th and ICONIQ Capital’s 17th transaction in the Internet Software and Services sector.
  • This is Crosslink Capital’s 68th, General Atlantic’s 99th and ICONIQ Capital’s 32nd transaction in the United States.
  • This is Crosslink Capital’s 50th, General Atlantic’s 25th and ICONIQ Capital’s 17th transaction in California.
Investment Fate
  • Chime went public in 2025.

Investment Summary

Date 2019-03-05
Target Chime
Sector Internet Software and Services
Investor(s) Crosslink Capital
General Atlantic
ICONIQ Capital
Deal Type Venture

Target

Chime

San Francisco, California, United States
Chime is a financial technology company providing digital consumer banking. Chime’s business was built on the principle of protecting members and helping them get ahead. Chime was founded in 2013 and is based in San Francisco, California.

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Investor(S) 3

Investor

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.


DEAL STATS #
Overall 68 of 76
Sector: Internet Software and Services M&A 17 of 19
Type: Venture M&A Deals 62 of 69
State: California M&A 50 of 53
Country: United States M&A 68 of 76
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 ProtectWise

Denver, Colorado, United States

ProtectWise, Inc. provides cloud-delivered network detection and response. The ProtectWise platform creates full-fidelity network memory in the cloud to detect threats.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 BetterUp

Austin, Texas, United States

BetterUp is a development platform bringing personalized coaching to employees at all levels. BetterUp was founded in 2013 and is based in Austin, Texas.

Buy -
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 215 of 364
Sector: Internet Software and Services M&A 44 of 78
Type: Venture M&A Deals 37 of 98
State: California M&A 25 of 47
Country: United States M&A 99 of 175
Year: 2019 M&A 3 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 powercloud

Offenburg, Germany

powercloud is a cloud-based SaaS platform focused on back-end billing and customer information processes for the utility industry. powercloud was founded in 2012 and is based in Offenburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Zhejiang New Century Hotel

Hangzhou, China

Zhejiang New Century Hotel is a hotel operator and a large hotel operator in China.

Sell -
Investor

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ICONIQ Capital is a private investment firm that manages capital on behalf of high-net-worth individuals, families, and institutions, with a particular focus on the technology sector. The Firm operates across multiple investment strategies including growth equity, venture capital, real estate, and philanthropic initiatives. ICONIQ Capital was formed in 2011 and is based in San Francisco, California.


DEAL STATS #
Overall 35 of 91
Sector: Internet Software and Services M&A 17 of 33
Type: Venture M&A Deals 21 of 72
State: California M&A 17 of 40
Country: United States M&A 32 of 80
Year: 2019 M&A 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 SendBird

San Mateo, California, United States

SendBird is a fully customizable chat and messaging platform with a managed infrastructure for mobile and web applications. It provides the necessary Software Development Kits (SDK) and API, front- and back-end technology so that businesses can launch a customized in-app messaging experience quickly, efficiently and at scale. SendBird was founded in 2013 and is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Truckstop

New Plymouth, Idaho, United States

Truckstop is a provider of end-to-end technology solutions throughout the freight execution lifecycle in North America. Truckstop has grown to be the largest freight matching marketplace in the industry. Truckstop was founded in 1995 and is based in New Plymouth, Idaho.

Buy -