CrossWork Midas Pre-IPO Fund — Cyborg Score 7/10

Strong
Venture Capital - Pre-IPO / Late Stage

Strategic Profile

Led by 50+ Fortune 500 executives advisory board with $100B+ experience. The firm focuses on software, hardware, information technology services, internet, consumer and retail, industrial, medical devices, and business services sectors. This positioning enables CrossWork to leverage institutional expertise and deal flow to identify and capture value from pre-IPO equity investments.

Cyborg Score Rationale

Named "2021 Best Pre-IPO VC Fund Manager – USA". The firm demonstrates strong execution with a differentiated strategy targeting AI and late-stage companies at discounts. Recent portfolio activity and a seasoned advisory board validate operational capability, though limited public disclosure and fund maturity require ongoing performance validation.

Top Insights

  • 117% on average was returned over 2 years to pre-IPO investors in companies that went public in 2020, provided they had a valuation of $1 billion+
  • Targets AI platform winners at 30-50% discounts to VC rounds
  • Investors include current and former employees of Facebook, LinkedIn, Robinhood, Morgan Stanley, Goldman Sachs and other successful executives
  • The firm seeks to invest in pre-IPO companies and late-stage accelerators

Named Competitors

  • Coatue Management — Late-stage venture and growth equity investor
  • Tiger Global — Growth-stage venture capital and private equity
  • Founders Fund — Early to late-stage venture capital with tech focus

Recent Developments

  • (November 2021) Named 2021 Best Pre-IPO VC Fund Manager – USA
  • (Multiple Years) Portfolio includes notable companies targeting IPO exit including AuditBoard acquisition
  • (Ongoing) Focus expanded to AI platform winners with 30-50% discount strategy

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