Cross Creek

Cross Creek

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Headquarters Location

United States, Salt Lake City

About

Cross Creek is the renowned VC, which was created in 2006. The the headquarters of this VC is in Salt Lake City. The VC's location is in North America, United States.

The fund usually invests in rounds together with 6-7 others. Along with Cross Creek, start-ups are often financed by Greycroft, Battery Ventures, Salesforce Ventures as well as 120 other investors. The fund often co-invests with QuestMark Partners, Greenspring Associates, Kleiner Perkins, overall with 74 funds from our list. The investors in the following rounds are usually Founders Circle Capital, Morgenthaler Ventures, QuestMark Partners, and 28 VCs in total.

The fund's activity peaked in 2012. In addition, the fund was active in 2019. Cross Creek participates, on average, in 18 percentage points more than the average amount of lead investments in other funds. In real terms, this VC performs 12 percentage points less exits than other funds. The average start-up valuation at the time of investment from Cross Creek is 500 millions - 1 billion dollars. The fund usually participates in 2-6 investment rounds per year. We recorded the biggest number of exits for this fund in 2018. Typical investments for this fund are deals in the range of 50 - 100 millions dollars.

The fund was established by Karey Barker. The overall number of key employees in the fund's team is 3.

The fund has no an exact preference in the amount of founders of companies in its portfolio. If the applying start-up has 5+ founders, it is very unlikely that funding will be awarded. Coupang, DocuSign, AppDynamics are among the most popular portfolio start-ups of the fund. The country of its foundation and the country of the most frequent investments for the fund coincides - United States. In addition to this location, the fund participated in 2 other locations. Moreover, a start-up needs to be 6-10 years old to get investment from this fund. Among their most successful investment fields, we have identified Information Technology, Analytics. Also, because of its portfolio diversification tendency, we can highlight 72 more industries for this fund.

Year Founded

2006

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: crosscreek.vc; User name format in descending order of probability: first_initial last

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

4-6

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

15.7% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x11.4

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

5.2 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.7 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

6

Number of Minotaurs [amount of portfolio companies, which raised more then $1B in total]

1

Funds Investing in Previous
Rounds

Greycroft, Battery Ventures, Salesforce Ventures

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