Crossbeam Venture Partners

Crossbeam Venture Partners is a New York-based early-stage venture capital firm founded by Lisa Wu, Ken Nguyen, and Greg Smith. The firm specializes in identifying and investing in startups that are shaping the future of new internet-based economies, financial services, and novel asset classes. Their investment thesis broadly encompasses sectors such as Web3, the creator economy, fintech, digital marketplaces, gaming, consumer technology, and SaaS solutions. Crossbeam typically engages with companies at the pre-seed, seed, and Series A stages, aiming to support foundational innovation in these rapidly evolving digital landscapes.

The firm has demonstrated a strong fundraising trajectory, successfully closing two significant funds. Crossbeam Fund I, their inaugural fund, closed at $75 million in 2021, establishing their presence in the early-stage investment ecosystem. Building on this momentum, they announced the close of Crossbeam Fund II at $125 million in March 2023. This brings their total assets under management to $200 million, underscoring their capacity to provide substantial capital to promising ventures. Crossbeam often seeks to be a lead or co-lead investor, playing an active role in the strategic development of its portfolio companies.

Crossbeam Venture Partners typically deploys initial checks ranging from $500,000 to $2 million, providing crucial early-stage capital to founders. Beyond the initial investment, the firm also reserves capital for follow-on rounds, demonstrating a long-term commitment to its portfolio companies' growth. With over 50 investments made across their two funds as of early 2023, Crossbeam maintains an active investment pace, consistently backing innovative startups that align with their core focus areas. Their approach combines financial backing with strategic guidance, aiming to foster the next generation of disruptive companies in the digital economy.