About CRESS Systems
CRESS Systems is a company based in Redcar (United Kingdom) founded in 2009.. CRESS Systems has raised $670.8 thousand across 2 funding rounds from investors including Northern Powerhouse Investment Fund and Northstar Ventures. The company has 6 employees as of July 31, 2018. CRESS Systems operates in a competitive market with competitors including Ambri, Hydrostor, Raygen, Quidnet Energy and MGA Thermal, among others.
- Headquarter Redcar, United Kingdom
- Employees 6 as on 31 Jul, 2018
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cress Carbon Reducing Energy Storage Systems Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$670.8 K (USD)
in 2 rounds
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Latest Funding Round
$538.3 K (USD), Series A
Sep 27, 2017
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Investors
Northern Powerhouse Investment Fund
& 1 more
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Employee Count
6
as on Jul 31, 2018
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Funding Insights of CRESS Systems
CRESS Systems has successfully raised a total of $670.8K across 2 strategic funding rounds. The most recent funding activity was a Series A round of $538.3 thousand completed in September 2017. 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 A — $538,295
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First Round
First Round
(01 Jun 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series A - CRESS Systems | Valuation | Northern Powerhouse Investment Fund |
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| Jun, 2016 | Amount | Series A - CRESS Systems | 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 CRESS Systems
CRESS Systems has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Northern Powerhouse Investment Fund and Northstar Ventures. 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 debt is extended to early-stage companies and SMEs.
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Founded Year | Domain | Location | |
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Early-stage investments are made in UK companies across diverse sectors.
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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 CRESS Systems
| 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 - CRESS Systems
| 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 |
Cress Systems Comparisons
Competitors of CRESS Systems
CRESS Systems 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 Ambri, Hydrostor, Raygen, Quidnet Energy and MGA Thermal, 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.
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| domain | founded_year | HQ Location |
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Compressed air is stored underwater for electricity generation.
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Provider of pumped hydro based energy storage system
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Thermal energy storage solutions are provided using stacked modular blocks.
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High-density hydro long-duration energy storage technology is developed.
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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 Cress Systems
Frequently Asked Questions about CRESS Systems
When was CRESS Systems founded?
CRESS Systems was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Where is CRESS Systems located?
CRESS Systems is headquartered in Redcar, United Kingdom.
Is CRESS Systems a funded company?
CRESS Systems is a funded company, having raised a total of $670.8K across 2 funding rounds to date. The company's 1st funding round was a Series A of $132.51K, raised on Jun 01, 2016.
How many employees does CRESS Systems have?
As of Jul 31, 2018, the latest employee count at CRESS Systems is 6.
What does CRESS Systems do?
CRESS Systems was founded in 2009 in Redcar, United Kingdom, focusing on the energy storage sector. A mechanical system is developed to capture potential energy from moving objects, such as containers lowered in ports, and store it for reuse in lifting operations. Composite flywheels and switched reluctance motors are employed in this intelligent setup, with intellectual property owned by the developers. Operations target industrial applications like port logistics.
Who are the top competitors of CRESS Systems?
CRESS Systems's top competitors include Ambri, Hydrostor and RheEnergise.
Who are CRESS Systems's investors?
CRESS Systems has 2 investors. Key investors include Northern Powerhouse Investment Fund, and Northstar Ventures.
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