About Spicers
Spicers is a company based in Croydon (United Kingdom) founded in 1796.. Spicers has raised $7 million across 3 funding rounds from investors including Lloyds Bank and Better Capital. The company has 521 employees as of June 30, 2021. Spicers operates in a competitive market with competitors including OfficeTeam, GLS Educational Supplies Limited, Boss Direct, Printerbase and Euroffice UK, among others.
- Headquarter Croydon, United Kingdom
- Employees 521 as on 30 Jun, 2021
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ot Group Limited
- Date of Incorporation 31 Oct, 2005
- Jurisdiction ASHTON-UNDER-LYNE, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 3 rounds
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Latest Funding Round
$93.49 M (USD), Debt – Conventional
Jul 21, 2015
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Investors
Lloyds Bank
& 1 more
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Employee Count
521
as on Jun 30, 2021
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Funding Insights of Spicers
Spicers has successfully raised a total of $7M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $93.49 million completed in July 2015. 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 — $93.5M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Debt – Conventional - Spicers | Valuation |
investors |
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| May, 2014 | Amount | Private Equity Round - Spicers | Valuation |
investors |
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| Jun, 2011 | Amount | Private Equity Round - Spicers | 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 Spicers
Spicers has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Lloyds Bank and Better 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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Commercial banking services are provided to retail and business clients.
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Founded Year | Domain | Location | |
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Diversified investment management 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 Spicers
| 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 |
Financial Statements - Spicers
| 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 |
Spicers Comparisons
Competitors of Spicers
Spicers 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 OfficeTeam, GLS Educational Supplies Limited, Boss Direct, Printerbase and Euroffice UK, 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 |
Office products are supplied to 12,000 customers worldwide.
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| domain | founded_year | HQ Location |
Supplier of educational solutions for schools and businesses
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| domain | founded_year | HQ Location |
Office supplies for enterprises are distributed electronically.
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| domain | founded_year | HQ Location |
Functions as a B2B e-distributor platform for office supplies.
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| domain | founded_year | HQ Location |
Stationery and office supplies are sold online to SMEs.
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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 Spicers
Frequently Asked Questions about Spicers
When was Spicers founded?
Spicers was founded in 1796 and raised its 1st funding round 215 years after it was founded.
Where is Spicers located?
Spicers is headquartered in Croydon, United Kingdom.
Is Spicers a funded company?
Spicers is a funded company, having raised a total of $7M across 3 funding rounds to date.
How many employees does Spicers have?
As of Jun 30, 2021, the latest employee count at Spicers is 521.
What does Spicers do?
Spicers is an office products distributor. It supplies products and services to wholesalers in the UK. It sells products online through officerange.com. It offers over 14,000 products from over 200 manufacturers with next day delivery option. It owns logistics structure with 7 regional delivery centres. Spicers was merged with Offie Team after Better Capitals 136 million acquisition of Office team in 2014.
Who are the top competitors of Spicers?
Spicers's top competitors include OfficeTeam, GLS Educational Supplies Limited and Euroffice UK.
Who are Spicers's investors?
Spicers has 2 investors. Key investors include Lloyds Bank, and Better Capital.