Investment Summary

Crosslink Capital and ICONIQ Capital Invest In BetterUp

On June 12, 2019, growth capital firms Crosslink Capital and ICONIQ Capital invested in internet software and services company BetterUp

Investment Highlights
  • This is Crosslink Capital’s 18th and ICONIQ Capital’s 18th transaction in the Internet Software and Services sector.
  • This is Crosslink Capital’s 69th and ICONIQ Capital’s 37th transaction in the United States.
  • This is Crosslink Capital’s 51st and ICONIQ Capital’s 19th transaction in California.

Investment Summary

Date 2019-06-12
Target BetterUp
Sector Internet Software and Services
Investor(s) Crosslink Capital
ICONIQ Capital
Deal Type Venture

Target

BetterUp

San Francisco, California, United States
BetterUp is a development platform bringing personalized coaching to employees at all levels. BetterUp was founded in 2013 and is based in San Francisco, California.

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Investor(S) 2

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 69 of 76
Sector (Internet Software and Services) 18 of 19
Type (Venture) 63 of 69
State (California) 51 of 54
Country (United States) 69 of 76
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Vungle

San Francisco, California, United States

Vungle is a performance marketing platform for in-app video advertisements on mobile devices. Mobile application developers partner with Vungle to monetize their apps through innovative in-app ad experiences that are inspired by insight and crafted with creativity. Advertisers depend on Vungle to reach, acquire, and retain high-value users worldwide. Vungle develops tools that include data-led buying and UX recommendations, ad format innovation, creative automation, and more. Vungle’s data-optimized ads run on over 1 billion unique devices to drive engagement and increase returns for publishers and advertisers ranging from indie studios to powerhouse brands, including Rovio, Zynga, Pandora, Microsoft, and Scopely. The Company is headquartered in San Francisco.

Sell $750M
Investor

ICONIQ Capital


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


DEAL STATS #
Overall 40 of 91
Sector (Internet Software and Services) 18 of 33
Type (Venture) 25 of 72
State (California) 19 of 41
Country (United States) 37 of 80
Year (2019) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Fireblocks

New York, New York, United States

Fireblocks is an enterprise platform for securing digital assets in transit. Fireblocks’ customers, which count some of the largest institutional digital asset trading operators like Galaxy Digital, Genesis Global Trading and more, use the platform to safeguard the digital assets in its portfolio as it is moved across exchanges, OTCs, brokerages, hot wallets, and cold storage. Fireblocks was founded in 2018 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Restaurant365

Irvine, California, United States

Restaurant365 is a restaurant management platform that provides accounting, inventory, scheduling, payroll, and HR solution developed specifically for restaurants. The R365 platform simplifies day-to-day management for restaurant operators, allowing them to control food costs and optimize labor costs. Integrations and open APIs enable Restaurant365 to connect with other systems including POS providers, vendors, and banks. Restaurant365 was founded in 2011 and is based in Irvine, California.

Buy -