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Crosscourt Ventures is a venture capital firm founded in 2024 by Francesco Favaro and Anup Goel, located in San Francisco, California. The firm focuses on early-stage investments, primarily in seed and Series A rounds, targeting startups that develop solutions for the physical world. Crosscourt aims to address significant gaps and unsolved problems across various sectors, including healthcare, space, defense, and logistics.
As of early 2025, Crosscourt manages a portfolio of approximately 25 companies, showcasing its commitment to supporting innovative startups. The firm emphasizes collaboration with entrepreneurs to create transformative solutions, leveraging its expertise in technology and infrastructure. Notable milestones include backing three unicorns: Figure, Skydio, and Flexport, which highlight the firm's ability to identify and nurture high-potential ventures.
Crosscourt Ventures invests in startups that align with its mission of leveraging technology to tackle challenges in various sectors. The firm focuses on healthcare, space-tech, defense, AI, robotics, fintech, logistics, consumer, energy, and industrial sectors. Investment stages primarily include seed and Series A, with an average round size of approximately $6.3 million.
The firm seeks to partner with founders who are addressing significant issues in the physical world, particularly in infrastructure. Crosscourt provides strategic, financial, and technological expertise to help transform ideas into successful products. The firm’s investment thesis emphasizes funding and incubating technology startups that build solutions for the physical world, particularly in healthcare, space, and defense.
Crosscourt Ventures has a diverse portfolio of approximately 25 companies, including notable names such as:
These companies represent a mix of innovative solutions across various sectors, showcasing Crosscourt's commitment to supporting transformative technologies.
Francesco Favaro: Founder and Managing Partner at Crosscourt Ventures. He has extensive experience in venture capital and technology, focusing on infrastructure and deep tech investments. Francesco has a background in engineering and has led numerous successful investments in the hard tech sector.
Anup Goel: Co-founder and Partner at Crosscourt Ventures. Anup brings a wealth of knowledge in technology and entrepreneurship, with a focus on early-stage investments. He has a strong track record of supporting startups in various sectors, including healthcare and defense.
To pitch Crosscourt Ventures, founders should submit their proposals through the firm's website. A well-structured pitch deck should include an overview of the business model, market analysis, and financial projections. The firm prefers to receive pitches via email or through their online submission portal.
Response times can vary, but founders can generally expect feedback within a few weeks. Warm introductions are beneficial and can increase the likelihood of a timely response.
As of early 2025, Crosscourt Ventures is actively investing in early-stage startups. The firm has recently backed several companies in its portfolio, including notable investments in Figure, Skydio, and Flexport, which have all achieved unicorn status. These investments highlight Crosscourt's ability to identify and support high-potential ventures in the technology sector.
In addition to its investment activities, Crosscourt has been publishing insights and updates on its blog, covering topics related to technology and venture capital. This content aims to engage with the startup community and provide valuable information to founders.
What are Crosscourt's investment criteria?
Crosscourt Ventures primarily invests in early-stage startups at the seed and Series A levels. The firm focuses on sectors such as healthcare, space-tech, defense, AI, robotics, fintech, logistics, consumer, energy, and industrial. They look for innovative solutions that address significant gaps in the physical world.
How can founders pitch to Crosscourt?
Founders interested in pitching to Crosscourt should prepare a detailed presentation that outlines their business model, market opportunity, and how their solution addresses a specific problem. The firm values clarity and a strong vision for the future.
What makes Crosscourt different from other VCs?
Crosscourt Ventures distinguishes itself through its focus on the physical world and infrastructure. The firm provides not only financial support but also strategic guidance and access to a network of industry experts to help startups navigate the complexities of bringing innovative solutions to market.
What is the average check size for investments?
The average round size invested by Crosscourt is approximately $6.3 million. This allows the firm to support startups adequately during their critical early stages.
What is Crosscourt's geographic focus?
Crosscourt Ventures primarily invests in startups based in the United States. The firm is particularly interested in companies that are addressing challenges within the U.S. market.
What kind of post-investment support does Crosscourt provide?
Crosscourt adds value to its portfolio companies by offering strategic guidance, financial support, and access to a network of industry experts. The firm focuses on helping startups navigate the complexities of bringing innovative solutions to market, particularly in the physical infrastructure space.
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