Above: Crosscut Ventures team, from left to right: Cecilia Benovenli-French; Clinton Foy; Brett Brewer; Brian Garrett; Rick Smith; Michael Tam. CrossCut Ventures is announcing it has raised $125 million for its fourth seed fund. The Los Angeles fund will invest in a wide variety of startups, ranging from software-as-a-service to games and esports companies. Brian Garrett, cofounder and managing director, said in an interview with VentureBeat that new fund is a testament to CrossCut’s success in funding Los Angeles startups for the past nine years.