Carbonite Inc (CARB): Crosslink Capital Lowers Its Stake

Item 1. Security and Issuer

This statement relates to shares of Common Stock (the “Stock”)
of Carbonite, Inc. (the “Issuer”). The principal executive office of the Issuer is located at Two Avenue de Lafayette,
Boston, MA 02111.

Item 2. Identity and Background

The persons filing this statement and the persons enumerated
in Instruction C of Schedule 13D and, where applicable, their respective places of organization, general partners, directors, executive
officers and controlling persons, and the information regarding them, are as follows:

(a)

Crosslink Capital, Inc. (“Crosslink”), Crosslink Ventures V Holdings, L.L.C., a Delaware limited liability company (“Ventures V Holdings”), Crossover Fund V Management, L.L.C. , a Delaware limited liability company (“Crossover V Management”), Crossover Fund VI Management, L.L.C., a Delaware limited liability company (“Crossover VI Management”), Crossover Fund VII Management, L.L.C., a Delaware limited liability company (“Crossover VII Management”), and Michael J. Stark, a U.S. citizen (collectively, the “Crosslink Affiliates”). Crosslink is filing this Schedule 13D on behalf of itself and the other Crosslink Affiliates.

(b)

The business address of Crosslink and the Crosslink Affiliates is:

Two Embarcadero Center, Suite 2200, San Francisco, CA 94111.

(c)

Present principal occupation or employment of the Crosslink Affiliates and the name, principal business and address of any corporation or other organization in which such employment is conducted:

Crosslink is the investment adviser to investment funds (the “Funds”), of which Ventures V Holdings, Crossover V Management,
Crossover VI Management or Crossover VII Management is the general partner, manager or holder of Class B Units. Mr. Stark
is the control person of Crosslink, Ventures V Holdings, Crossover V Management, Crossover VI Management and Crossover VII Management.

(d)

During the last five years, none of the Crosslink Affiliates has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)

During the last five years, none of Crosslink or the Crosslink Affiliates was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)

See Items 2(a) and 2(c).