Investments
30Funds
3About Crossbeam Venture Partners
Crossbeam Venture Partners is a venture capital firm that invests in Pre-Seed and Series A startups building tomorrow's economy. Focused on the themes of platform economies, fintech, novel asset classes, and new forms of media, Crossbeam is built to back companies of the next generation economy and the small businesses of tomorrow.
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CB Insights Intelligence Analysts have mentioned Crossbeam Venture Partners in 2 CB Insights research briefs, most recently on Mar 7, 2022.
Latest Crossbeam Venture Partners News
Mar 13, 2023
Threecolts, a London-based startup started by an ex- Amazon executive that creates software for brands and retailers to manage their Amazon sales channel has 22,000 customers since its inception in 2021. Now the company announced that it has secured $90M in funding led by Crossbeam Venture Partners and General Global Capital along with participation from Stratos and CoVenture. Threecolts claims to be profitable and revealed that revenues have grown 6 times year-over-year. It has completed 14 acquisitions since its inception. The Threecolts platform assists vendors in competing on the sales platforms of Amazon, Walmart, and eBay. The Threecolts platform creates a level playing field for brands and small companies because the sales tools on these platforms fundamentally favour their own sales. Being a former Amazon API partner lead for EMEA, the platform’s founder Yoda Yee, has an inside track on Amazon. Sakib Jamal, Senior Investment Associate at Crossbeam shared: “Threecolts’ impressive execution over the past year means that sellers can now access a one-stop shop solution for an increasing number of pain points, easing vendor fatigue and administrative loads. Yoda and team have provided returns that are realized in quick feedback loops for customers of all shapes and sizes, from large enterprises to up-and-coming businesses.” The fundamental idea has led Threecolts to create (and acquire) a suite of tools that go beyond tools for monitoring and adjusting pricing and also include real-time listing and inventory alerts, customer service integrations across channels, API dashboards, monitoring of third-party data sources, automation for monitoring feedback and product reviews, analytics around profit and sales, and more. According to Threecolts, its 22,000 customers jointly produce more than $30B in total merchandise sales, have increased earnings by $200M, and have seen a 200% increase in detail page conversions. Threecolts’ client lists include leading consumer brands and Fortune 500 companies such as Samsung, Panasonic, and L’Oréal. The company has increased their staff to 150 employees in 31 countries during the last year.
Crossbeam Venture Partners Investments
30 Investments
Crossbeam Venture Partners has made 30 investments. Their latest investment was in Vend Park as part of their Seed VC on February 2, 2023.
Crossbeam Venture Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
2/23/2023 | Seed VC | Vend Park | $3.8M | Yes | Alumni Ventures, APA Venture Partners, Crossbeam Venture Partners, Floating Point Ventures, and Undisclosed Investors | 1 |
2/21/2023 | Seed VC | Den Outdoors | $3M | Yes | 4 | |
1/31/2023 | Series A | Freemodel | $19.5M | Yes | 9 | |
1/10/2023 | Series B | |||||
9/1/2022 | Series A |
Date | 2/23/2023 | 2/21/2023 | 1/31/2023 | 1/10/2023 | 9/1/2022 |
|---|---|---|---|---|---|
Round | Seed VC | Seed VC | Series A | Series B | Series A |
Company | Vend Park | Den Outdoors | Freemodel | ||
Amount | $3.8M | $3M | $19.5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Alumni Ventures, APA Venture Partners, Crossbeam Venture Partners, Floating Point Ventures, and Undisclosed Investors | ||||
Sources | 1 | 4 | 9 |
Crossbeam Venture Partners Fund History
3 Fund Histories
Crossbeam Venture Partners has 3 funds, including Crossbeam Venture Partners Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/20/2021 | Crossbeam Venture Partners Fund II | $70M | 1 | ||
3/1/2020 | Crossbeam Venture Partners Fund I | ||||
Crossbeam - Wave II Equity SPV |
Closing Date | 12/20/2021 | 3/1/2020 | |
|---|---|---|---|
Fund | Crossbeam Venture Partners Fund II | Crossbeam Venture Partners Fund I | Crossbeam - Wave II Equity SPV |
Fund Type | |||
Status | |||
Amount | $70M | ||
Sources | 1 |
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