CrossCut Ventures

CrossCut Ventures

Crosscut is a seed-stage venture capital firm, partnering with early-stage founders to build high-growth tech companies.

Company Overview

Crosscut Ventures specializes in seed, startup, early and later venture investments. It prefers to invest in Los Angeles and Southern California. The firm primarily invests in companies in digital media field including online advertising, mobile, digital telecommunications, gaming and ESports, consumer Internet, business software, artificial intelligence, blockchain technologies, and e-commerce and the next-generation of infrastructure and analytics.

CrossCut Ventures, launched in 2008, is a seed-stage venture capital firm founded by Brian Garrett and Rick Smith. The firm looks to invest between $250,000 and $750,000 in the equity of start-up companies that have the potential to achieve $50 - $100 million in revenue in the next five years. Their area of greatest interest is in digital media and the infrastructure and analytics associated with new media. Crosscut Ventures typically co-invests with other seed-stage funds or angel investors for a total initial raise of $1- 2 million.

History

Crosscut Ventures was founded in 2008 by Brett Brewer, Brian Garrett, and Rick Smith and is based in Venice, California.

Crosscut Ventures is a seed-stage venture capital firm in Los Angeles. The firm invests early in the equity of start-ups that have the potential to scale, disrupt, and build large markets. Crosscut is a catalyst for innovation, bringing expertise in technology and entrepreneurship to help founders build strong companies. Founded in LA, the firm has been committed to powering the entrepreneurship community in southern California.

Investments

Crosscut Ventures has made 97 investments. One of their investments was on Feb 20, 2019, when they invested $3.9M in Monarx, Inc. Crosscut Ventures has raised a total of $221M across four funds, one of them being CrossCut 4, L.P. This fund was announced on Dec 6, 2017, and raised a total of $125M.

Crosscut Ventures Management, LLC is a venture capital firm specializing in investments in seed and startups and growth capital. The firm primarily invests in companies in digital media field including online advertising, mobile, digital telecommunications, gaming and ESports, consumer Internet, business software, artificial intelligence, blockchain technologies, and e-commerce and the next-generation of infrastructure and analytics. It prefers to invest in Los Angeles and Southern California. It typically makes investments between $250,000 and $20 million in the equity of start-ups that have the potential to scale to $100 million or more in revenue. The firm typically co-invests with other seed-stage funds or angel investors for a total initial raise of $1 million to $2 million.

Timeline

February 20, 2019

Monarx, Inc.

$3.9M.

December 6, 2017

CrossCut 4, L.P.

$125M.

2008

CrossCut Ventures, launched in 2008, is a seed-stage venture capital firm founded by Brian Garrett and Rick Smith.

Funded Companies

Company
Description
Industry
Website
Location
PlayVS

PlayVS is a company providing a platform for e-sports competitions for high school students.

A company offering a shared electric scooter mobility platform.

Reaction Commerce is a real time and open source commerce platform for modern retailers and brands.

Jyve is a skills as a service platform for enterprises in need of in-store skilled labour.

Fastdata.io is a Santa Monica, California-based company.

11 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
CrossCut 4, L.P.
125,000,000
May 30, 2017
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People

Name
Role
LinkedIn

Adam Goldenberg

Employee

brett brewer

Employee

Brian Garrett

Employee

Clinton Foy

Employee

David Feldman

Investor

David Hernand

Investor

Dennis Phelps

Investor

Felix Jahn

Investor

John O'Hagan

Investor

Kris Bjornerud

Employee

Mark Mullen

Investor

Michael Marchetti

Investor

Rick Smith

Founder

Rouven Dresselhaus

Investor

Sarah Moret

Employee

Scott Morrow

Investor

Sean Trigony

Investor

Shawn Carpenter

Investor

Steve Hart

Investor

Vince Thompson

Investor

Warren Jason

Investor

Zaw Thet

Advisor

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Sam Dean
July 15, 2020
Los Angeles Times
TKTK

References

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