About Crosstown
Crosstown is a company based in London (United Kingdom) founded in 2014 by Adam Wills.. Crosstown has raised $3.95 million across 1 funding round from investors including Foresight Group and The Karali Group. The company has 130 employees as of January 31, 2021. Crosstown offers products and services including Doughnuts, Specialty Coffee, and Ice Cream. Crosstown operates in a competitive market with competitors including Haldiram, Organic India, Nurture Brands, Castell Howell and Julienne Bruno, among others.
- Headquarter London, United Kingdom
- Employees 130 as on 31 Jan, 2021
- Founders Adam Wills
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Crosstown Dough Ltd
- Date of Incorporation 03 Jan, 2014
- Jurisdiction LONDON, LONDON, UNITED KINGDOM
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Annual Revenue
$7.43 M (USD)0as on Jan 31, 2021
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Net Profit
$555.96 K (USD)0as on Jan 31, 2021
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EBITDA
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Total Equity Funding
$3.95 M (USD)
in 1 rounds
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Latest Funding Round
$3.95 M (USD), Series A
Mar 21, 2022
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Investors
Foresight Group
& 1 more
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Employee Count
130
as on Jan 31, 2021
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Acquired by
N/A
(Jun 05, 2024)
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Products & Services of Crosstown
Crosstown offers a comprehensive portfolio of products and services, including Doughnuts, Specialty Coffee, and Ice Cream. 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.
Handcrafted doughnuts in various flavors for everyday and special occasions.
Premium coffee options including lattes and espressos.
Small-batch ice cream with diverse flavors like vegan varieties.
Funding Insights of Crosstown
Crosstown has successfully raised a total of $3.95M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.95 million completed in March 2022. 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 1
- Last Round Series A — $4.0M
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First Round
First Round
(21 Mar 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - Crosstown | 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 Crosstown
Crosstown has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Foresight Group and The Karali Group. 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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Foresight Group is engaged in sustainable investment management.
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Founded Year | Domain | Location | |
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A family-owned business focused on hospitality and consumer 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 Crosstown
| 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 - Crosstown
| 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 |
Crosstown Comparisons
Competitors of Crosstown
Crosstown 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 Haldiram, Organic India, Nurture Brands, Castell Howell and Julienne Bruno, 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 |
Vegetarian snacks, sweets, beverages, and ready-to-eat meals are offered online.
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| domain | founded_year | HQ Location |
Organic tea and herbal supplements are produced and marketed globally.
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| domain | founded_year | HQ Location |
Multi-category grocery supplies are offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Food wholesaling and catering solutions are provided across UK regions.
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| domain | founded_year | HQ Location |
Plant-based multi-category food and beverage products are offered.
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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 Crosstown
Frequently Asked Questions about Crosstown
When was Crosstown founded?
Crosstown was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Where is Crosstown located?
Crosstown is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Crosstown a funded company?
Crosstown is a funded company, having raised a total of $3.95M across 1 funding round to date. The company's 1st funding round was a Series A of $3.95M, raised on Mar 21, 2022.
How many employees does Crosstown have?
As of Jan 31, 2021, the latest employee count at Crosstown is 130.
What is the annual revenue of Crosstown?
Annual revenue of Crosstown is $7.43M as on Jan 31, 2021.
What does Crosstown do?
Crosstown was founded in 2014 in London, United Kingdom, as an internet-first brand within the food and beverage sector. Operations center on the online sale and distribution of doughnuts, ice cream, cookies, chocolate, and coffee products. The company maintains a physical presence in London while prioritizing digital channels for customer reach and order fulfillment across the UK.
Who are the top competitors of Crosstown?
Crosstown's top competitors include Haldiram, Organic India and Nurture Brands.
What products or services does Crosstown offer?
Crosstown offers Doughnuts, Specialty Coffee, and Ice Cream.
Who are Crosstown's investors?
Crosstown has 2 investors. Key investors include Foresight Group, and The Karali Group.