Crosslink Capital

Silicon Valley forgot to build for the middle market. Middle-market business owners employ 40% of the American payroll, and do it with tools designed for either large enterprises or solopreneurs. Today, I’m excited to share that Flex has raised a $60M Series B equity round to build the “AI-Native Private Bank” for middle market business owners, led by Portage and participation from Titanium Ventures, Wellington Management, Crosslink Capital, Spice Expeditions, LP, Companyon Ventures, Tusk Venture Partners, Florida Funders, FirstLook Partners, MS&AD Ventures, Restive Ventures, and others. Every business owner in America can now have an army of finance agents giving them an enterprise-grade team to manage their finances and fuel their ambitions. These agents underwrite across entities, automate expenses and payments, run back-office workflows, and surface real-time owner insights like an AI CFO. The result is less manual work, unified visibility, faster decisions—and a platform that becomes your AI copilot. In just 2.5 years after launch, Flex has surpassed $3B in credit card payment volume, and is growing more than 4× year-over-year. Flex is now positioned to become the category-defining private bank for HNW middle-market business owners. Our strategy to serve business owners from the time they generate revenue to the time they spend it personally is delivered through our five-pillar strategy: 1) private credit, 2) business banking, 3) private banking, 4) payments, and 5) AI ERP. And with that, we are excited to announce the public launch of Flex Elite. Enjoy high personal credit limits, expense management for your family, financial tools to unlock your networth, premium rewards, and a dedicated lifestyle concierge—all wrapped in a clean, modern, frictionless private banking experience. We’ve never been more confident in the mission. The owners we serve deserve a world-class financial system, and nothing in the market today comes close to meeting their needs. Flex Fuels Ambition. Massive shoutout to all our believers in this journey: Jake Bodanis, Yash Patel, Saxon Baum, Tom Lazay, Jackson Cummings, James M. P. Feuille, Seena Honarvar, Jon Soberg, Nick Huber, Martin Schimmel, Bradley Tusk, Jordan Nof, Kyle Hendrick, Jack Abraham, Howard Lerman, Turner Novak, Eric Bahn, Timothy Tham, Paul Desmarais, Adam Felesky, Kinan Hayani, Ronny Chatterjee, Firas Raouf, Aneel Ranadive, Ankeet Kansupada, Ryan Falvey, and many more. → Watch our Series B announcement film on: https://www.flex.one/ → Learn more about our latest product: Flex Elite: https://www.flex.one/elite → Read all about us on Forbes here: https://lnkd.in/d53EFD69

Excited to announce our investment and partnership with Omada.AI as they today launch the first fully autonomous AI marketing team for SMBs, a growth engine to power Main Street. For decades, enterprises have continued to iterate through the numerous different marketing tools available to them. Each generation of technology ushers in a new suite of tools, compounding this dynamic of tool bloat. And this current wave of AI is no exception. Small businesses have largely been left behind when it comes to modern marketing tools, despite representing over 50% of global GDP. However, SMBs don't want or need another "tool" or "copilot" to spend their valuable time configuring, reconfiguring, and delivering instructions to. They need a full service, proactive team that understands their unique business, customer base, and local market dynamics. And agencies aren't delivering this, despite charging thousands of $$ per month in fees. Enter Omada, an AI marketing team that proactively manages SMB growth end-to-end. No dashboards or apps, Omada's interface is a simple conversation with a coordinated team of specialized AI agents working together like a full-service marketing department. We're excited at Crosslink Capital to back Pete Christothoulou, Siva Muthukumarasamy, Niranjan Vasu and the team at Omada alongside our friends Kirby Winfield at Ascend and Adam Coccari at HubSpot Ventures. Let's go empower our SMBs! 💪

Big milestone for our team today at Everyset! When we started Everyset, our goal was simple: make background work easier for productions, accountants, ADs, and talent. Digital Vouchers was the first big step toward that. Now, with the launch of Everyset Background Payroll, that same trusted system extends all the way through to payments. For the first time, productions can go from reviewing vouchers to processing payroll in one sitting — no bottlenecks, no handoffs. This launch marks a real shift in how background payroll is managed across the industry. It’s about greater efficiency on set, real digital transformation in payroll processing, and meaningful cost savings through better oversight of production budgets. Grateful to Erik Hayden and The Hollywood Reporter for sharing our story and shining a light on how technology like this can help productions modernize an essential workflow. Proud of what our team has accomplished and excited for the impact this will have on productions everywhere.  👉 Everyset announcement https://lnkd.in/gzC8EGfQ  🔗 The Hollywood Reporter https://lnkd.in/gbDR5awy

We’re proud to announce our $10.5M Series A, led by S3 Ventures with Crosslink Capital and Create Health Ventures. Nine years ago, we started with a simple belief: people know their health better than anyone, and their insights are crucial to driving great healthcare. Today, this belief is at the core of every feature we build, every partnership we cultivate, and every research study we design. Our team has transformed a simple tracking tool into a bridge connecting patients, researchers, and clinicians. We’ve proven that patients are the underutilized healthcare experts we need for better research in a handful of chronic and rare conditions, and now we get to scale. More conditions. More research studies. More insights that prove healthcare works better when patients lead. Here’s why we’re changing healthcare from the inside out: https://lnkd.in/gbZajt6E

State Investment Officer Jon Clark had the pleasure of moderating a panel at the Governor's Conference on Economic Development this afternoon. The panel, focused on venture capital and economic development, created the space for an important discussion about what we're all working to build in New Mexico. Thank you to New Mexico IDEA, the New Mexico Economic Development Department, and the New Mexico Partnership for putting together a great event, and to the panel participants for your thoughtful responses! David Silverman Crosslink Capital Amanda Terry ACTAI Ventures Kristina Simmons Overwater Ventures Brian Adams UP.Partners Maggie Newman Roadrunner Venture Studios Ward Hendon Dangerous Ventures

🎉 Big news at Rec: we’ve raised our Series A, led by Crosslink Capital and athlete legends including: Larry Fitzgerald Jr., Kelvin B., Kevin Durant and the 35V team, Joe Montana and the Liquid 2 Ventures team, and Marquee Ventures. Recreation isn’t optional — it’s essential. It’s where kids score their first goals, families connect through camps and programs, and neighbors connect on local courts and in community centers. Outdated systems shouldn’t hold back something this important. Staff spend hours re-entering data into clunky portals, or answering phone calls about refunds. Programs sit half-empty because residents simply can’t find them. Rec is building the modern infrastructure recreation deserves. We’ve partnered with 50+ cities, counties and towns nationwide who are seeing the difference: we’re turning long lines into seamless mobile registration, activating underused courts, and generating new revenue to reinvest in our parks and programs. This raise means we can expand access even faster, invest deeper in our AI-powered tools, and continue to build the modern infrastructure recreation deserves. We’re proud to partner with Parks & Rec professionals across the country — the superheroes behind every soccer camp, every open court, every watercolor class. This is just the beginning. Thank you to Tim Casey for capturing our story so well: https://lnkd.in/gKGdCaHC