About Second Cup
Second Cup is a company based in Mississauga (Canada) founded in 1975 by Frank O'Dea and Tom Culligan was acquired by Foodtastic in February 2021.. Second Cup has completed 1 acquisition, including Bridgehead Coffee. Second Cup offers products and services including Specialty Coffee, Teas, Smoothies, and Bakery Items. Second Cup operates in a competitive market with competitors including Starbucks, Freshii, YUM! Brands, Sarku Japan and Shoeless Joes, among others.
- Headquarter Mississauga, Canada
- Founders Frank O'Dea, Tom Culligan
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Second Cup Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$8 M (USD), Post-IPO
Aug 11, 2017
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Investors
Stifel
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Foodtastic
(Feb 08, 2021)
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Products & Services of Second Cup
Second Cup offers a comprehensive portfolio of products and services, including Specialty Coffee, Teas, Smoothies, and Bakery Items. 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.
High-quality coffee beans and brewed drinks for daily consumption.
Variety of infused teas for refreshment and health benefits.
Blended fruit and health-focused drinks for on-the-go customers.
Fresh pastries and snacks to complement coffee offerings.
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Funding Insights of Second Cup
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $8.0M
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First Round
First Round
(03 Dec 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Post-IPO - Second Cup | Valuation |
investors |
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| Dec, 2014 | Amount | Post-IPO - Second Cup | 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 Second Cup
Second Cup has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Stifel, Foodtastic and Serruya Private Equity. 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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Investments in consumer brands are managed by Serruya Private Equity.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided globally.
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Founded Year | Domain | Location | |
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Multi-cuisine restaurant franchises are operated and expanded across locations.
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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 Second Cup
Second Cup has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bridgehead Coffee. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Coffee is branded and sold by Bridgehead in Canada.
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1981 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Second Cup
| 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 |
Second Cup Comparisons
Competitors of Second Cup
Second Cup 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 Starbucks, Freshii, YUM! Brands, Sarku Japan and Shoeless Joes, 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 |
High-quality coffees are roasted and served in limited-service restaurant chains.
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| domain | founded_year | HQ Location |
Chain of limited service restaurant serving burritos, wraps, soups, salads, and frozen yogurts
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| domain | founded_year | HQ Location |
Restaurants chains
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| domain | founded_year | HQ Location |
Provides Japanese Teriyaki meals via dine-in, pick-up, and third-party delivery services.
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| domain | founded_year | HQ Location |
Own & operates restaurant to watch the game and food & beverages
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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 Second Cup
Frequently Asked Questions about Second Cup
When was Second Cup founded?
Second Cup was founded in 1975 and raised its 1st funding round 39 years after it was founded.
Where is Second Cup located?
Second Cup is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of Second Cup?
Steven Pelton is the current CEO of Second Cup.
What does Second Cup do?
Second Cup was founded in 1975 in Mississauga, Canada, by co-founders Frank ODea and Tom Culligan. The company is managed as a chain of coffee cafes, with outlets located primarily across Canada. Coffee, teas, and light snacks are served to customers in these establishments. Operations focus on the food and beverage sector, and the business is currently led by CEO Steven Pelton.
Who are the top competitors of Second Cup?
Second Cup's top competitors include Starbucks, Freshii and YUM! Brands.
What products or services does Second Cup offer?
Second Cup offers Specialty Coffee, Teas, Smoothies, and Bakery Items.
How many acquisitions has Second Cup made?
Second Cup has made 1 acquisition, including Bridgehead Coffee.
Who are Second Cup's investors?
Second Cup has 3 investors. Key investors include Stifel, Foodtastic, and Serruya Private Equity.