Carbonite Inc (CARB): Crosslink Capital Lowers Its Stake

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 1)

Carbonite, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

141337105

(CUSIP Number)

Ellyn Roberts, Esq.
Shartsis Friese LLP
One Maritime Plaza, 18th Floor
San Francisco, CA 94111
Telephone: (415) 421-6500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

September 8, 2016

(Date of Event Which Requires Filing of this
Statement)

If the filing person has previously filed a statement
on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections
240.13d-1(e), 240.13d-1(f) or 140.13d-1(g), check the following box. [ ]

Note: Schedules filed in paper format shall include
a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7 for other parties to whom copies
are to be sent.

* The remainder of this cover page shall be filled out
for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover
page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

Potential persons who are to respond to the collection
of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1.

Names of Reporting Persons. Crosslink Capital, Inc.

2. Check the Appropriate Box if
a Member of a Group (See Instructions)
(a)
(b) X

3. SEC Use Only

4. Source of Funds (See Instructions)
AF

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ____

6. Citizenship or Place of Organization
Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	7. Sole Voting Power 0
	8. Shared Voting Power 1,877,905
	9. Sole Dispositive Power 0
	10. Shared Dispositive Power 1,877,905

11. Aggregate Amount Beneficially
Owned by Each Reporting Person 1,877,905

12. Check if the Aggregate Amount
in Row (11) Excludes Certain Shares (See
Instructions) ______

13. Percent of Class Represented
by Amount in Row (11) 6.9%

14. Type of Reporting Person (See
Instructions) CO, IA

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).

 

Item 3. Source and Amount of Funds or Other Consideration

The source and amount of funds used in purchasing the Stock
reported in this Schedule 13D (as amended) as beneficially owned by Crosslink and the Crosslink Affiliates were as follows:

Purchaser	Source of Funds	Amount
Crosslink	AF(1)	$ 20,019,074
Ventures V Holdings	AF(1)	$ 10,634,378 (2)
Crossover V Management	AF(1)	$   5,392,729 (2)
Crossover VI Management	AF(1)	$   3,991,966 (2)

(1)

Purchases were made by the Funds and include amounts paid for shares of the Issuer’s Series D Preferred Stock, each share of which was automatically converted into three shares of the Stock on the completion of the Issuer’s initial public offering.

(2)

These amounts are included in the amount shown for Crosslink.

Item 4. Purpose of Transaction

None of Crosslink or the Crosslink Affiliates
has any present plans or intentions to acquire or dispose of any securities of the Issuer other than on behalf of Crosslink’s
advisory clients for the purpose of investment. Crosslink may decide to purchase at any time or times on behalf of its advisory
clients additional shares of Stock or other securities of the Issuer. It also may at any time or times cause its advisory clients
to dispose of any or all securities of the Issuer in any lawful manner.

Other than as described herein, none of Crosslink
or the Crosslink Affiliates has any present plans or proposals which relate to, or would result in, any of the transactions or
events described in Item 4 of Schedule 13D. Crosslink’s advisory clients, however, reserve all of their rights as stockholders
of the Issuer and may exercise those rights in any manner that they or Crosslink consider to be in the interests of such clients.

Item 5. Interest in Securities of the Issuer

The Stock reported as beneficially owned
by Crosslink on its cover page includes the shares of Stock also beneficially owned by the Crosslink Affiliates listed below.

1.

Ventures V Holdings

(a) Amount of stock
beneficially owned: 995,356

(b) Percent of class:
3.7

(c) Number of shares
as to which the person has:

(i) Sole power to vote
or direct the vote: 0

(ii) Shared power to vote
or direct the vote: 995,356

(iii) Sole power to dispose
or direct the disposition of: 0

(iv) Shared power to dispose
or direct the disposition of: 995,356

2.

Crossover V Management

(a) Amount of stock
beneficially owned: 499,454

(b) Percent of class:
1.8

(c) Number of shares
as to which the person has:

(i) Sole power to vote
or direct the vote: 0

(ii) Shared power to vote
or direct the vote: 499,454

(iii) Sole power to dispose
or direct the disposition of: 0

(iv) Shared power to dispose
or direct the disposition of: 499,454

3. Crossover
VI Management

(a) Amount of stock
beneficially owned: 383,095

(b) Percent of class:
1.4

(c) Number of shares
as to which the person has:

(i) Sole power to vote
or direct the vote: 0

(ii) Shared power to vote
or direct the vote: 383,095

(iii) Sole power to dispose
or direct the disposition of: 0

(iv) Shared power to dispose
or direct the disposition of: 383,095

4.

Crossover VII Management

(a) Amount of stock
beneficially owned: 0

(b) Percent of class:
0

(c) Number of shares
as to which the person has:

(i) Sole power to vote
or direct the vote: 0

(ii) Shared power to vote
or direct the vote: 0

(iii) Sole power to dispose
or direct the disposition of: 0

(iv) Shared power to dispose
or direct the disposition of: 0

5. Michael J. Stark

(a) Amount of stock
beneficially owned: 1,877,905

(b) Percent of class:
6.7

(c) Number of shares
as to which the person has:

(i) Sole power to vote
or direct the vote: 0

(ii) Shared power to vote
or direct the vote: 1,877,905

(iii) Sole power to dispose
or direct the disposition of: 0

(iv) Shared power to dispose
or direct the disposition of: 1,877,905

The Crosslink Affiliates effected the following sales of
the Stock in the 60 days before the date that this Schedule 13D was filed. All such sales were in the open market.

Name	Purchase or Sale	Date	Crossover V Management	Crossover VII Management	Price per Share
Crosslink	Sale	9/8/16		264	$14.48
Crosslink	Sale	9/8/16		74,736	$14.49
Crosslink	Sale	9/9/16		43,324	$13.95
Crosslink	Sale	9/9/16		267	$13.96
Crosslink	Sale	9/9/16		11	$14.00
Crosslink	Sale	9/12/16	30,000		$13.92
Crosslink	Sale	9/13/16	9,000		$13.48
Crosslink	Sale	9/14/16	15,000		$13.67
Crosslink	Sale	9/15/16	35,000		$13.76

Item 6. Contracts, Arrangement,
Understandings or Relationships with Respect to Securities of the Issuer

Crosslinkis the investment adviser
to the Funds pursuant to an investment management agreement for each Fund that provides to Crosslinkthe authority, among
other things, to invest the assets of suchFunds in the Stock, to vote and dispose of the Stock and to file this statement
on behalf of such investment funds. Ventures V Holdings, Crossover V Management, Crossover VI Management and Crossover VII Management
are entitled to allocations based on realized and unrealized gains of Funds of which they are the general partner, manager or holder
of Class B Units.

Item 7. Material to Be Filed as Exhibits

Not applicable.

SIGNATURES

After reasonable inquiry and to the best of my knowledge, I certify
that the information set forth in this statement is true, complete and correct.

Dated: September 19, 2016

Crosslink Capital, Inc. By: /s/ Mihaly Szigeti Chief Compliance Officer