# CrossLoop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crossloop

- Industry: Software
- Headquarters: Monterey, US
- Website: www.crossloop.com
- Total disclosed funding: $11M
- Latest round: Series C (Jun 3, 2011)
- Investors on record: 2

## About

CrossLoop is a technology company specializing in remote desktop software solutions that facilitate online collaboration and technical support for individuals and businesses.CrossLoop operates within the remote desktop software space, providing solutions for online collaboration. Founded in Monterey, US, the firm was acquired by AVG Technologies in January 2014 for an undisclosed amount. The company has raised a total of USD 1.5 mn across various funding rounds, with the latest being a Series C round involving investors El Dorado Ventures and Venrock, culminating in a current company valuation of USD 4.989 mn.CrossLoop offers remote desktop solutions that enable users to connect with others for collaborative work and technical support. Their software is designed to facilitate secure and efficient remote access, catering to users ranging from individual consumers to small businesses, primarily in North America, Europe, and the Asia-Pacific region.CrossLoop generates revenue through a subscription model that provides access to its remote desktop software. Users can opt for free services, which aim to convert them into paid subscribers for enhanced features. The structured pricing encourages consistent revenue generation, addressing the needs of both individuals and businesses for remote collaboration.Following its acquisition by AVG Technologies, CrossLoop plans to leverage recent funding to enhance its product offerings and expand its market reach. The company aims to introduce new features for its remote desktop software by the end of 2014, targeting growth into emerging markets across Asia and South America. Recent funding from the Series C round will support these initiatives, aiding in product development and market expansion efforts.

## Funding rounds

- Series C, Jun 3, 2011, $1.5M — El Dorado Ventures, Venrock
- Series B, Aug 13, 2008, $6M — El Dorado Ventures, Venrock
- Series A, Dec 3, 2007, $3M — El Dorado Ventures

## Investors

- El Dorado Ventures (https://capitalatlas.ai/funds/el-dorado-ventures) — Series A, Series B, Series C
- Venrock (https://capitalatlas.ai/funds/venrock) — Series B, Series C