Crosscourt Ventures

Crosscourt is a venture capital and incubation firm founded in 2024 by Francesco Favaro and Anup Goel, based in San Francisco, California. It builds technologies enhancing the physical world, combining early-stage investing with hands-on company incubation from the idea stage. The firm follows a three-step "Investigate, Incubate, Invest" approach: conducting research to identify unsolved problems, providing strategic, financial, and technological expertise to shape ideas into products, and investing where it can add unique value through partnerships and domain expertise. Its focus spans defense, aerospace, robotics, healthcare, and AI infrastructure, with a portfolio of roughly 46 companies including 7 unicorns such as Figure AI, Skydio, Flexport, and Stord. Other notable investments include Epirus, Impulse, Hermeus, Ursa Major, and Path Robotics, reflecting a strong emphasis on physical-world "hard tech." Crosscourt's investment approach favors founders solving real-world infrastructure and defense-adjacent problems, primarily at seed and Series A stages. Co-founder Francesco Favaro previously led emerging products at Uber Freight, while Anup Goel brings over 15 years of public and private markets investing experience, including operating roles at MasterClass and PAX Labs.