About Cruz Foam
Cruz Foam is a company based in Santa Cruz (United States) founded in 2017 by John Felts, Xiaolin Zhang, and Marco Rolandi.. Cruz Foam has raised $25.1 million across 9 funding rounds from investors including Sony Innovation Fund, Helena and Climate Capital. The company has 25 employees as of December 31, 2022. Cruz Foam offers products and services including Cruz Foam, Cruz Cool, and EcoVino. Cruz Foam operates in a competitive market with competitors including Tidal Vision, Calyxia, Ecopol, EcoSynthetix and NatureWorks, among others.
- Headquarter Santa Cruz, United States
- Employees 25 as on 31 Dec, 2022
- Founders John Felts, Xiaolin Zhang, Marco Rolandi
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Sectors
EnvironmentChemicals & Materials Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
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- Legal Name Cruz Foam, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.1 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
Sony Innovation Fund
& 12 more
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Employee Count
25
as on Dec 31, 2022
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Products & Services of Cruz Foam
Cruz Foam offers a comprehensive portfolio of products and services, including Cruz Foam, Cruz Cool, and EcoVino. 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.
Biodegradable foam for protecting shipped items and reducing waste.
Eco-friendly material for temperature-sensitive shipments.
Sustainable foam for safe wine delivery and environmental care.
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Funding Insights of Cruz Foam
Cruz Foam has successfully raised a total of $25.1M across 9 strategic funding rounds. 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 9
- Last Round Last Round
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Cruz Foam | Valuation | Climate Capital |
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| Oct, 2022 | Amount | Series A - Cruz Foam | Valuation | Helena | |
| Apr, 2022 | Amount | Seed - Cruz Foam | Valuation | Sustainable Ocean Alliance |
| 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 Cruz Foam
Cruz Foam has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Sony Innovation Fund, Helena and Climate 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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Early stage climate-focused venture capital investments are provided.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage Consumer ClimateTech innovations are funded by Regeneration.VC.
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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 Cruz Foam
| 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 - Cruz Foam
| 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 |
Cruz Foam Comparisons
Competitors of Cruz Foam
Cruz Foam 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 Tidal Vision, Calyxia, Ecopol, EcoSynthetix and NatureWorks, 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 |
Provider of natural biopolymer materials
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| domain | founded_year | HQ Location |
Green chemicals are developed using microcapsule technology for sustainability.
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| domain | founded_year | HQ Location |
Biodegradable and hydrosoluble polymers are manufactured for multiple sectors.
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| domain | founded_year | HQ Location |
Bio-based binder polymers are developed for industrial applications.
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| domain | founded_year | HQ Location |
Biobased polymers and fibers are manufactured from renewable resources.
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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 Cruz Foam
Frequently Asked Questions about Cruz Foam
When was Cruz Foam founded?
Cruz Foam was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Cruz Foam located?
Cruz Foam is headquartered in Santa Cruz, United States. It is registered at Santa Cruz, California, United States.
Who is the current CEO of Cruz Foam?
John Felts is the current CEO of Cruz Foam. They have also founded this company.
Is Cruz Foam a funded company?
Cruz Foam is a funded company, having raised a total of $25.1M across 9 funding rounds to date. The company's 1st funding round was a Seed of $3.4M, raised on Jan 24, 2019.
How many employees does Cruz Foam have?
As of Dec 31, 2022, the latest employee count at Cruz Foam is 25.
What does Cruz Foam do?
Cruz Foam was founded in 2017 in Santa Cruz, United States, within the sustainable packaging sector. Biodegradable foam products are produced as alternatives to traditional polystyrene, with performance levels matched to conventional materials. Compatibility with existing manufacturing processes is maintained, and collaboration with converters is pursued across industries to support transitions to lower-impact solutions. Goods protection during shipping is ensured, followed by material disintegration post-use.
Who are the top competitors of Cruz Foam?
Cruz Foam's top competitors include Tidal Vision, Calyxia and NatureWorks.
What products or services does Cruz Foam offer?
Cruz Foam offers Cruz Foam, Cruz Cool, and EcoVino.
Who are Cruz Foam's investors?
Cruz Foam has 13 investors. Key investors include Sony Innovation Fund, Helena, Climate Capital, OnePlanetCapital, and Regeneration.VC.