About Crossbay
Crossbay is a Transportation, Automotive & Logistics company based in London (United Kingdom) founded in 2020. Provider of last-mile logistic solutions platform. Crossbay has raised $734.27 million across 2 funding rounds from investors including Citi. The company has 34 employees. Crossbay offers products and services including Urban Logistics Investment and Logistics Property Management. Its focus areas include Consumer, Logistics Tech, Parcel and Technology Enablers. Its legal entity is MARK CAPITAL MANAGEMENT LIMITED. Its competitors include Gophr, heySimulate and Iodo; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Employees 34
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website crossbay.com
- Social LinkedIn X
- Legal Name Mark Capital Management Limited
- Date of Incorporation 01 Aug, 2002
- Jurisdiction LONDON, UNITED KINGDOM
- Annual Revenue$26.62 M (USD)12as on Dec 31, 2021
- Net Profit-$746.08 K (USD)58as on Dec 31, 2021
- EBITDA-$366.01 K (USD)72as on Dec 31, 2021
- Total Equity Funding$734.27M (USD)
in 2 rounds
- Latest Funding Round$548.58M (USD), Debt – Conventional
Jan 2021
- Investors
- Employee Count34
Products & Services of Crossbay
Crossbay offers a comprehensive portfolio of products and services, including Urban Logistics Investment and Logistics Property Management.
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 $734.27M
- Total Rounds 2
- Last Round Debt – Conventional — $548.58M
- First Round $734.27M
(Dec 2020)
- Investors Count 1
All 2 funding rounds of Crossbay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2021 | $548.58M | Debt – Conventional | – | – | |
| Dec 2020 | $734.27M | Series D | – | – | – |
1 investors in total: 1 institutional.
Investors in Crossbay
Crossbay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Citi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking and financial services are provided globally. | 1812 | citi.com | New York, United States |
Investor details for Crossbay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Crossbay
3 dated milestones of Crossbay across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Crossbay is founded.
- Funding First funding round of $734.3M.
- Funding Latest funding round, Debt – Conventional, of $548.6M.
Competitors of Crossbay
Crossbay has 3 listed competitors in our database, 2 of them funded. They include Gophr, heySimulate and Iodo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gophr.com | 2014 | London, United Kingdom | $6.07M | 35 | Same-day delivery services are offered on-demand to individuals and businesses. | |
| heysimulate.com | 2023 | London, United Kingdom | $20,000 | Web-enabled solutions for last-mile logistics management are provided. | ||
| iodo.ai | 2023 | London, United Kingdom | Last mile delivery logistics are optimized using AI-powered software. |
Detailed competitors of Crossbay
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Web traffic of Crossbay
The website of Crossbay (crossbay.com) receives about 2.2K visits a month.
- Monthly visits2.2K
▼ 39.9% vs previous month
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Complete news archive for Crossbay
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Frequently Asked Questions about Crossbay
Crossbay was founded in 2020.
Crossbay is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
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 2020.
Crossbay has 34 employees.
Annual revenue of Crossbay is $26.62M as on Dec 31, 2021.
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.
Crossbay's top competitors include Gophr, Iodo and heySimulate.
Crossbay offers Urban Logistics Investment and Logistics Property Management.
Crossbay has 1 investor. Key investors include Citi.
Crossbay operates through Mark Capital Management Limited.