About 2nd Avenue
2nd Avenue is a company based in Bensalem (United States) founded in 1959 was acquired by Rosser Capital Partners in September 2019.. The company has 627 employees as of December 31, 2020. 2nd Avenue offers products and services including Second-hand Clothing and Household Items.
- Headquarter Bensalem, United States
- Employees 627 as on 31 Dec, 2020
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Savers, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Boathouse Capital
& 2 more
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Employee Count
627
as on Dec 31, 2020
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Acquired by
Rosser Capital Partners
(Sep 18, 2019)
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Products & Services of 2nd Avenue
2nd Avenue offers a comprehensive portfolio of products and services, including Second-hand Clothing and Household Items. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Used clothing is sold for affordable shopping needs
Used household items are distributed for consumer use
Funding Insights of 2nd Avenue
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Private Equity Round - 2nd Avenue | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 2nd Avenue
2nd Avenue has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Boathouse Capital, Rosser Capital Partners and BRS. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and debt investments are focused on multiple sectors.
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Founded Year | Domain | Location | |
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Rosser Capital Partners is engaged in private equity investments focused on consumer businesses.
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Founded Year | Domain | Location | |
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BRS is engaged in investing in lower middle market companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 2nd Avenue
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 2nd Avenue
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
2Nd Avenue Comparisons
Competitors of 2nd Avenue
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 2nd Avenue
When was 2nd Avenue founded?
2nd Avenue was founded in 1959 and raised its 1st funding round 59 years after it was founded.
Where is 2nd Avenue located?
2nd Avenue is headquartered in Bensalem, United States. It is registered at Bensalem, Pennsylvania, United States.
How many employees does 2nd Avenue have?
As of Dec 31, 2020, the latest employee count at 2nd Avenue is 627.
What does 2nd Avenue do?
Founded in 1959 and based in Bensalem, United States, operations in the oil and natural gas sector are conducted by the company. Exploration, development, and production activities are centered on oil output, with assets diversified across resources. Financial reporting and investor relations are maintained, alongside regular issuance of news and press releases for stakeholder updates. Cash flow is supported through these core functions.
What products or services does 2nd Avenue offer?
2nd Avenue offers Second-hand Clothing and Household Items.
Who are 2nd Avenue's investors?
2nd Avenue has 3 investors. Key investors include Boathouse Capital, Rosser Capital Partners, and BRS.
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