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Why Crosscut Ventures is ‘following the founders’ into climate, space, and beyond
The focus of the new $100 million fund, Crosscut’s sixth, will include energy and power, space and underwater exploration, advanced manufacturing, advanced materials, and security and defense.
At the time, Crosscut Ventures, where Garrett is co-founder and managing partner, had been investing in early stage startups in Los Angeles and Southern California for nearly a decade. Growth and project finance dollars should help Crosscut support its most promising hardware startups without taking shortcuts to squeeze them into the usual ten-year venture fund lifecycle. Garrett said that Crosscut has been seeing a number of talented founders emerging from the likes of SpaceX, Anduril, Northrop, and Boeing, all of which have a significant presence in Southern California.
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