About Crossbay
Crossbay is a company based in London (United Kingdom) founded in 2020.. Crossbay has raised $734.27 million across 2 funding rounds from investors including Citi. The company has 34 employees as of January 31, 2021. Crossbay offers products and services including Urban Logistics Investment and Logistics Property Management. Crossbay operates in a competitive market with competitors including Gophr, RYTLE, Fleetroot, AntsRoute and heySimulate, among others.
- Headquarter London, United Kingdom
- Employees 34 as on 31 Jan, 2021
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Sectors
Transportation, Automotive & Logistics
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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 Mark Capital Management Limited
- Date of Incorporation 01 Aug, 2002
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$26.62 M (USD)12as on Dec 31, 2021
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Net Profit
$-746.08 K (USD)58as on Dec 31, 2021
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EBITDA
$-366.01 K (USD)72as on Dec 31, 2021
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Total Equity Funding
$734.27 M (USD)
in 2 rounds
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Latest Funding Round
$548.58 M (USD), Debt – Conventional
Jan 28, 2021
- Investors
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Employee Count
34
as on Jan 31, 2021
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Products & Services of Crossbay
Crossbay offers a comprehensive portfolio of products and services, including Urban Logistics Investment and Logistics Property 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.
Provides investment in and management of last-mile distribution centers
Manages facilities to support faster goods delivery to consumers
Funding Insights of Crossbay
Crossbay has successfully raised a total of $734.27M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $548.58 million completed in January 2021. 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 Debt – Conventional — $548.6M
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First Round
First Round
(01 Dec 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Debt – Conventional - Crossbay | Valuation |
investors |
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| Dec, 2020 | Amount | Series D - Crossbay | Valuation |
investors |
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| 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 Crossbay
Crossbay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Citi. 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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Commercial banking and financial services are provided globally.
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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 Crossbay
| 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 - Crossbay
| 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 |
Crossbay Comparisons
Competitors of Crossbay
Crossbay 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 Gophr, RYTLE, Fleetroot, AntsRoute and heySimulate, 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 |
Same-day delivery services are offered on-demand to individuals and businesses.
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| domain | founded_year | HQ Location |
End-to-end software and hardware for last-mile delivery management are provided.
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| domain | founded_year | HQ Location |
IoT-powered SaaS solutions for logistics and transport operations are offered.
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| domain | founded_year | HQ Location |
Cloud-based solutions for last-mile delivery management are provided.
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| domain | founded_year | HQ Location |
Web-enabled solutions for last-mile logistics management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Crossbay
Frequently Asked Questions about Crossbay
When was Crossbay founded?
Crossbay was founded in 2020.
Where is Crossbay located?
Crossbay is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Crossbay a funded company?
Crossbay is a funded company, having raised a total of $734.27M across 2 funding rounds to date. The company's 1st funding round was a Series D of $734.27M, raised on Dec 01, 2020.
How many employees does Crossbay have?
As of Jan 31, 2021, the latest employee count at Crossbay is 34.
What is the annual revenue of Crossbay?
Annual revenue of Crossbay is $26.62M as on Dec 31, 2021.
What does Crossbay do?
Crossbay was founded in 2020 in London, United Kingdom, within the logistics sector. A platform for last-mile solutions is maintained, with services focused on deliveries from single-tenant distribution centers to businesses. On-demand delivery options are extended to e-commerce operations, supporting efficient final-stage logistics across the region.
Who are the top competitors of Crossbay?
What products or services does Crossbay offer?
Crossbay offers Urban Logistics Investment and Logistics Property Management.
Who are Crossbay's investors?
Crossbay has 1 investor. Key investors include Citi.