About CrossWork
The firm behind seven recent exits valued above $50 billion.
CrossWork is a venture capital group for the late stage: large private companies in markets still being built, in segments of the economy that are growing fast. Access comes through an advisory board of former operators.
Sources
- 7 recent exitsIncluding the second-largest US IPO of 2026 by a first-time issuer.
- $50B+ exit valueSeven recent exits, valued at more than $50 billion in aggregate at the time of each event.
- 2011On the record before the Facebook and Twitter IPOs, with MidasLP research on both.
Who we are
A venture capital group for the late stage.
An advisory board of former operators — finance chiefs, engineering leaders, scientists and founders — and a method first run in Midas I, now applied in Midas II.
What we do
We back companies with real revenue, real customers and a visible path to liquidity, rather than pre-revenue stories.
Who we serve
Family offices, institutions and experienced individuals with a long horizon who accept the risks of private markets.
How we are organised
Each investment is made through its own vehicle. Investors see their positions and documents in the CrossWork portal.
Sources
Method
Three steps, repeated
- 01
Look where operators look
Board members tell us which companies the people doing the work already rely on.
- 02
Diligence with people who ran it
Former finance chiefs, engineering leaders and scientists sit in diligence on the businesses they know best.
- 03
Access follows trust
An introduction from someone a founder trusts is what opens the door.
We backed Cerebras in 2023. In May 2026 its IPO raised $5.6B at $185 a share, the largest US tech IPO since Uber. Midas I held AuditBoard before its sale. In 2024 Hg acquired it for $3B+, the largest such purchase of 2024 at the time.
Advisory board
An information advantage
Our advisory board is made of former operators: finance chiefs, engineering leaders, scientists and founders. They hear about companies before the market does, sit in diligence on the businesses they know best, and tell us when to walk away.
Sources
Talk to us
Questions about CrossWork or Midas II go to the team directly. Request access and we will reply. hello@crosswork.us