About Craft
Craft is a company based in San Francisco (United States) founded in 2014. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Craft has raised $42 million across 2 funding rounds from investors including ServiceNow, BAM Elevate and Greycroft. The company has 51 employees as of December 31, 2022. Craft offers products and services including Supplier Intelligence Platform, Supplier Risk Management, and Supply Chain Risk Management. Craft operates in a competitive market with competitors including IDnow, Socure, Alloy, ION Group and Jumio, among others.
- Headquarter San Francisco, United States
- Employees 51 as on 31 Dec, 2022
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Craft.Co
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Annual Revenue
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Net Profit
$-1.14 M18as on Dec 31, 2018
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EBITDA
$-185.99 K68as on Dec 31, 2018
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Total Equity Funding
$42 M (USD)
in 2 rounds
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Latest Funding Round
$32 M (USD), Series B
Feb 01, 2023
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Investors
ServiceNow
& 11 more
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Employee Count
51
as on Dec 31, 2022
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Products & Services of Craft
Craft offers a comprehensive portfolio of products and services, including Supplier Intelligence Platform, Supplier Risk Management, and Supply Chain Risk Management. 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.
Supplier risks are identified and managed effectively through intelligence.
Supplier health changes are monitored to avoid disruptions.
Dependencies and risks in supply chains are analyzed.
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Funding Insights of Craft
Craft has successfully raised a total of $42M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $32 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $32.0M
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First Round
First Round
(21 Aug 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series B - Craft | Valuation | BAM Elevate | |
| Aug, 2020 | Amount | Series A - Craft | Valuation | High Alpha |
| 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 Craft
Craft has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ServiceNow, BAM Elevate and Greycroft. 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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Venture capital investments are directed across multiple sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Venture capital is invested in multiple sectors by Uncork Capital.
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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 Craft
| 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 - Craft
| 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 |
Craft Comparisons
Competitors of Craft
Craft operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IDnow, Socure, Alloy, ION Group and Jumio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Treasury management solutions are provided for financial institutions and banks.
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| domain | founded_year | HQ Location |
AI-powered identity verification and fraud protection solutions are provided.
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| 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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Latest news on Craft
Frequently Asked Questions about Craft
When was Craft founded?
Craft was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is Craft located?
Craft is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Craft a funded company?
Craft is a funded company, having raised a total of $42M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Aug 21, 2020.
How many employees does Craft have?
As of Dec 31, 2022, the latest employee count at Craft is 51.
What does Craft do?
Craft is engaged in delivering a platform for supply chain resilience, focusing on supplier intelligence and risk management. Solutions are provided to industries such as aerospace, defense, financial services, and manufacturing. Comprehensive tools are offered for compliance, cybersecurity, and ESG insights. Supplier dependencies are analyzed to prevent disruptions, and strategic growth is supported through actionable data. Global supply chain challenges are addressed with innovative technology.
Who are the top competitors of Craft?
Craft's top competitors include IDnow, Parallel Markets and Alloy.
What products or services does Craft offer?
Craft offers Supplier Intelligence Platform, Supplier Risk Management, and Supply Chain Risk Management.
Who are Craft's investors?
Craft has 12 investors. Key investors include ServiceNow, BAM Elevate, Greycroft, Uncork Capital, and High Alpha.
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