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Crossbeam raises $25M to back startups built on ‘platform economies’

While many venture capitalists might hope to fund the next Amazon or Shopify, Crossbeam is a new firm focused on backing the startups built on top of these platforms. And it recently closed its $25 million first fund.
We’ve written about well-funded startups like SellerX, Perch and Heroes that acquire and grow Amazon businesses, and Crossbeam General Partner Ali Hamed similarly pointed to Amazon to illustrate the scale of the opportunity. Noting that third-party sales on Amazon reached $200 billion in 2019, Hamed said, “There’s going to be 100 winners in this space.”
He added that the firm isn’t just focused on Amazon — he also cited Thumbtack, Spotify and Shopify as “platform economies” where Crossbeam could invest, and he elaborated on this point in a Medium post published last fall:
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