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General Information

Websitecrosscutventures.com
Twitter@crosscutvc
Emailrick@crosscutvent...
Employees7
Founded2008

Funds

Total$21M
CrossCut Ventures 1, 8/2008 $5M
CrossCut Ventures 2, 7/2012 $16M

Offices

Venice Office
373 Rose Ave.
Venice, CA, 90401
USA

People

Co-Founder and Managing Director
Founder and Operating Partner
Co-Founder & Operating Partner
Venture Partner
Venture Partner
Venture Partner
Senior Associate
EIR

Tags

Crosscut Ventures

Although Crosscut was launched in 2008, the principals (Brian Garrett and Rick Smith) have nearly 40 years of combined experience investing in and advising businesses. They have worked together since 2001. They have managed funds that combined had over $1 billion under management.

They have an unsurpassed network and reputation within the Southern California venture community, built upon many years of successful investing and mentoring. What they have seen over the last several years is an underserved market for local venture money and a severe void of capital available for start-ups in their earliest, and neediest, phases of development.

At the same time, they have seen a post-bubble resurgence in opportunities in digital media, with over 20 significant and sizable companies started in Southern California, including MySpace, Overture, Jamdat, PriceGrabber, LowerMyBills, Shopzilla, Doubeclick, eHarmony and Rent.com.

These companies and the entrepreneurs behind them have established Southern California as the hub of digital media and the epicenter for new opportunities arising from the convergence of technology, media and entertainment. Areas of interest include consumer internet, gaming, mobile, online advertising, ecommerce and the next-generation of infrastructure and analytics to support the web and other emerging platforms.

Their goal is simple: Crosscut wants to be THE funding source that supports and drives this region and its continued innovation.

Recent Milestones

Investments

Company Date Round Size Participants
AlpineReplay 3/2014Seed$2.13M2
The Black Tux 2/2014Seed$2.6M8
AlpineReplay 1/2014Seed2
Super Evil Mega Corp 10/2013Venture Round1
Blue Sky Energy Solutions 9/2013Seed1
Club W 2/2013Seed$3.1M6
Plyfe 11/2012Seed$750k1
On The Run Tech 11/2012Seed$1.3M7
HaulerDeals 10/2012Seed$1.25M4
Lettuce 10/2012Seed$2.1M6
Personalized Beauty Discovery 7/2012Private Equity$2.76M1
Gradient X 6/2012Seed$3.75M9
Eventup 6/2012Seed$1.8M5
StyleSaint 5/2012Seed$1.5M6
Postcard on the Run 11/2011Angel$750k1
Zadspace 3/2011Series B$3.2M6
SHIFT 2/2011Series A$2M12
GameCrush 8/2010Angel$700k7
Ze Frank Games 7/2010Seed$500k11
Circle Street 7/2010Venture Round1
Affordit.com 12/2009Seed$600k3
ShoeDazzle 11/2009Series A$7M2
Pulpo Media 11/2009Angel4
Pulpo Media 3/2009Seed1
GumGum 7/2008Series A$1M2
Docstoc 11/2007Series A$750k5

Videos

Sources

  1. Citation Needed [add]
  2. Citation Needed [add]
  3. Alpinereplay, Inc raises $2.1M (marketbrief.com) [edit]
  4. Black Tux Raises $2.6M So You Can Rent That Suit And Tie (techcrunch.com) [edit]
  5. Citation Needed [add]
  6. Citation Needed [add]
  7. Citation Needed [add]
  8. Club W raises $3.1 million for accessible artisanal wine (venturebeat.com) [edit]
  9. Plyfe Brings Its Brand-Promoting Games To Mobile, Raises $750K (techcrunch.com) [edit]
  10. On The Run Tech Launches with $1.3m in Seed Funding (finsmes.com) [edit]
  11. “Stealth Mode” with a Billion YouTube Views: HaulerDeals Raises Secret $1 Million from Intelligent Beauty (pandodaily.com) [edit]
  12. Order Management Startup Lettuce Raises $2.1 Million From Crosscut Ventures, 500 Startups, And Others (techcrunch.com) [edit]
  13. SEC (sec.gov) [edit]
  14. Gradient X Raises $3.75 Million to Unlock Mobile Advertising, Because Someone Needs To (pandodaily.com) [edit]
  15. Eventup Raises $1.8M to Book Intimate Events (pevc.dowjones.com) [edit]
  16. StyleSaint Secures $1.5M To Create Pinterest With An E-Commerce Twist (pevc.dowjones.com) [edit]
  17. Postcard On The Run Raises $750k, Makes An Investor Out Of Selena Gomez (techcrunch.com) [edit]
  18. Zadspace Closes $3.2M Series B Venture Financing Round (finsmes.com) [edit]
  19. GraphEffect Raises $2 Million To Increase Brand "Likes" On Facebook (techcrunch.com) [edit]
  20. techcrunch.com [edit]
  21. TechCrunch (techcrunch.com) [edit]
  22. Web Promotions' Circle Street Raises Seed Funding (thealarmclock.com) [edit]
  23. SEC D (sec.gov) [edit]
  24. Kim Kardashian's Shoe Rental Site ShoeDazzle Raises $7M (thealarmclock.com) [edit]
  25. Citation Needed [add]
  26. Citation Needed [add]
  27. Content Licensing Firm GumGum Gets $500k Of $1 Million First Round (paidcontent.org) [edit]
  28. Citation Needed [add]
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Last Edited 4/16/14

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