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Crosslink Capital has closed fundraising for its seventh venture fund, raising $170 million in capital.

The new fund is somewhat smaller than the firm’s previous funds. Crosslink has a total of $1.6 billion under management, but the previous funds were not as focused on seed-stage and Series A investments.

“The reason is simple,” said Crosslink general partner Eric Chin. “There is more opportunity to get early exposure to unicorns at early stage, and we are focused on the pre-unicorns, so with Fund 7 a supermajority of deal flow will come from there.”

(Disclosure: Crosslink is one of the investors in VentureBeat.)

Crosslink noted that the Fund is an equal partnership of four general partners, including Chin, Jim Feuille, David Silverman, and Michael Stark. In addition, the firm has one venture partner, two vice presidents, and three associates.

Crosslink was founded in 1989 and is based in San Francisco. Crosslink says that it has “supported more than 50 portfolio companies through mergers and acquisitions or IPOs, and has seen several remarkable exits, including Ancestry.com, Bizo, Bleacher Report, BlueArc, Equinix, Omniture, Pandora, Sea Micro, and Tivo.”

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