Crosscut Ventures

Crosscut Ventures is a prominent Los Angeles-based seed-stage venture capital firm, deeply embedded in the Southern California tech ecosystem. The firm primarily partners with early-stage founders building high-growth technology companies, focusing on pre-seed and seed rounds. Their investment thesis spans various sectors, including B2B SaaS, consumer technology, fintech, digital health, and marketplaces, always with an emphasis on disruptive innovation and strong founding teams. Crosscut aims to be more than just a capital provider, offering strategic guidance and leveraging their extensive network to support portfolio companies through their critical early growth phases.

Crosscut's investment strategy involves leading or co-leading initial rounds, providing the foundational capital for startups to scale. Over the years, their typical check sizes have evolved with the market and their fund sizes. For instance, with the close of their $80 million Fund V in 2019, Crosscut typically deployed initial checks ranging from $500,000 to $1.5 million. More recently, following the announcement of their $125 million Fund VI in 2022, the firm indicated a target initial investment range of $1 million to $2 million, reflecting the increasing capital requirements at the seed stage and their expanded capacity.

The firm boasts a strong track record of identifying and nurturing promising startups that have gone on to achieve significant milestones and successful exits. Notable companies in their portfolio include Pulse, which was acquired by LinkedIn, and Ring, which was later acquired by Amazon, demonstrating their ability to back companies with substantial long-term potential. Crosscut's commitment to the Los Angeles tech scene is evident in its focus on local founders and its active participation in fostering the region's entrepreneurial community.