About CrownRock
CrownRock is a company based in Midland (United States) founded in 2013 was acquired by Oxy in December 2023.. CrownRock has raised $475 million across 3 funding rounds from investors including Oxy, Texas Capital Bank and Magnetar Capital. CrownRock offers products and services including Potatoes and Grain Marketing.
- Headquarter Midland, United States
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Phone
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Website
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- Legal Name Crownrock, L.P.
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Products & Services of CrownRock
CrownRock offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing. 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.
Potatoes are farmed and sold for food and industrial purposes, with operations being conducted in designated areas.
Grain marketing is carried out to promote and distribute grains from various sources, supporting related agricultural activities.
Funding Insights of CrownRock
CrownRock has successfully raised a total of $475M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $185 million completed in May 2018. 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 3
- Last Round Debt – Conventional — $185.0M
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First Round
First Round
(01 Oct 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Debt – Conventional - CrownRock | Valuation |
investors |
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| Jan, 2018 | Amount | Series H - CrownRock | Valuation |
investors |
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| Oct, 2017 | Amount | Debt – Conventional - CrownRock | 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 CrownRock
CrownRock has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Oxy, Texas Capital Bank and Magnetar Capital. 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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Magnetar Capital is engaged in alternative asset management.
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Founded Year | Domain | Location | |
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Institutional capital is provided to the global energy industry by EIG Partners.
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Founded Year | Domain | Location | |
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Texas Capital Bank is engaged in providing banking and financial services.
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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 CrownRock
| 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 - CrownRock
| 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 |
Crownrock Comparisons
Competitors of CrownRock
| 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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Frequently Asked Questions about CrownRock
When was CrownRock founded?
CrownRock was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is CrownRock located?
CrownRock is headquartered in Midland, United States. It is registered at Midland, Texas, United States.
Is CrownRock a funded company?
CrownRock is a funded company, having raised a total of $475M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1B, raised on Oct 01, 2017.
What does CrownRock do?
CrownRock was founded in 2013 and is headquartered in Midland, United States. Operations are focused on the oil and gas sector, where exploration and development services are delivered. Activities encompass resource assessment, drilling support, and production enhancement within the Permian Basin region. The company maintains a presence through its domain, crownrocklp.com, supporting upstream energy initiatives across domestic markets.
What products or services does CrownRock offer?
CrownRock offers Potatoes and Grain Marketing.
Who are CrownRock's investors?
CrownRock has 4 investors. Key investors include Oxy, Texas Capital Bank, Magnetar Capital, and EIG Partners.
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