About IT Sugar
IT Sugar is a company based in Deerfield Beach (United States) founded in 2006 was acquired by BBX Capital in June 2017.. IT Sugar has raised $4 million across 1 funding round from investors including BBX Capital. The company has 247 employees as of December 31, 2021. IT Sugar offers products and services including Funko POP!, Candy, and Plush Toys. IT Sugar operates in a competitive market with competitors including Lolli and Pops, Sugar Factory, PalkaBazar and Tahoora, among others.
- Headquarter Deerfield Beach, United States
- Employees 247 as on 31 Dec, 2021
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Itsugar Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Series A
Nov 23, 2010
- Investors
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Employee Count
247
as on Dec 31, 2021
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Acquired by
BBX Capital
(Jun 19, 2017)
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Products & Services of IT Sugar
IT Sugar offers a comprehensive portfolio of products and services, including Funko POP!, Candy, and Plush Toys. 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.
Collectible figures representing pop culture icons for fans.
Variety of sweets and confections for everyday snacking.
Soft toys and trending items for entertainment purposes.
Funding Insights of IT Sugar
IT Sugar has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series A round of $4 million completed in November 2010. 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
(23 Nov 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2010 | Amount | Series A - IT Sugar | 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 IT Sugar
IT Sugar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include BBX 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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Buyouts and divestitures are pursued by this private equity firm.
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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 IT Sugar
| 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 - IT Sugar
| 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 |
It Sugar Comparisons
Competitors of IT Sugar
IT Sugar 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 Lolli and Pops, Sugar Factory, PalkaBazar and Tahoora, 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 |
International sweets are sourced by this USA-based candy store chain.
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| domain | founded_year | HQ Location |
Operates a chain of limited-service restaurants specializing in sweets.
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| domain | founded_year | HQ Location |
A chain of limited-service restaurants specializing in Indian sweets.
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| domain | founded_year | HQ Location |
Offers Indian sweets, bakery products, drinks, frozen snacks, and online ordering services.
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| 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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Latest news on It Sugar
Frequently Asked Questions about IT Sugar
When was IT Sugar founded?
IT Sugar was founded in 2006 and raised its 1st funding round 4 years after it was founded.
Where is IT Sugar located?
IT Sugar is headquartered in Deerfield Beach, United States. It is registered at Deerfield Beach, Florida, United States.
Is IT Sugar a funded company?
IT Sugar is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Series A of $4M, raised on Nov 23, 2010.
How many employees does IT Sugar have?
As of Dec 31, 2021, the latest employee count at IT Sugar is 247.
What does IT Sugar do?
ITSUGAR was founded in 2006 and is headquartered in Deerfield Beach, Florida. As a specialty candy retail chain, various candies such as giants, novelty, and 3some varieties are offered, alongside gift boxes and merchandise including t-shirts, pool floats, and beach blankets. Over 100 stores are operated across the United States and internationally, with online ordering available through the website.
Who are the top competitors of IT Sugar?
IT Sugar's top competitors include Lolli and Pops, Sugar Factory and PalkaBazar.
What products or services does IT Sugar offer?
IT Sugar offers Funko POP!, Candy, and Plush Toys.
Who are IT Sugar's investors?
IT Sugar has 1 investor. Key investors include BBX Capital.