About Sterling Foods
Sterling Foods is a company based in San Antonio (United States) founded in 1971 was acquired by Cotton Creek Capital in April 2016. It operates as a B2B2C. Sterling Foods has raised $56.47 million across 3 funding rounds from investors including Cotton Creek Capital, Austin Ventures and TGF Management. The company has 804 employees as of December 31, 2020. Sterling Foods offers products and services including Specialty Bakery Products. Sterling Foods operates in a competitive market with competitors including IHOP, Cheesecake Factory, Sprinkles Cupcakes, Auntie Anne's and Cafe Valley, among others.
- Headquarter San Antonio, United States
- Employees 804 as on 31 Dec, 2020
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sterling Bv, 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
$56.47 M (USD)
in 3 rounds
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Latest Funding Round
$24.34 M (USD), Series B
Mar 04, 2010
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Investors
Cotton Creek Capital
& 3 more
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Employee Count
804
as on Dec 31, 2020
- Acquired by
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Products & Services of Sterling Foods
Sterling Foods offers a comprehensive portfolio of products and services, including Specialty Bakery Products. 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.
Specialty bakery products are developed and produced expertly.
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Funding Insights of Sterling Foods
Sterling Foods has successfully raised a total of $56.47M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $24.34 million completed in March 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 3
- Last Round Series B — $24.3M
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First Round
First Round
(31 Dec 2008)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2010 | Amount | Series B - Sterling Foods | Valuation |
investors |
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| Jan, 2009 | Amount | Series A - Sterling Foods | Valuation |
investors |
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| Dec, 2008 | Amount | Debt – Conventional - Sterling Foods | 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 Sterling Foods
Sterling Foods has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Cotton Creek Capital, Austin Ventures and TGF Management. 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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Capital solutions are offered for middle market businesses.
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Founded Year | Domain | Location | |
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Venture capital investments in Texas-based companies.
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Founded Year | Domain | Location | |
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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 Sterling Foods
| 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 - Sterling Foods
| 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 |
Sterling Foods Comparisons
Competitors of Sterling Foods
Sterling Foods 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 IHOP, Cheesecake Factory, Sprinkles Cupcakes, Auntie Anne's and Cafe Valley, 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 |
Pancakes and breakfast meals are served at a restaurant chain.
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| domain | founded_year | HQ Location |
Full-service restaurants are operated and cheesecakes are distributed nationwide.
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| domain | founded_year | HQ Location |
Provider of cupcakes, cakes, and related baked goods via online and in-store channels
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| domain | founded_year | HQ Location |
Chain of bakery cafe also offering catering services
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| domain | founded_year | HQ Location |
Chain of bakery cafes
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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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Frequently Asked Questions about Sterling Foods
When was Sterling Foods founded?
Sterling Foods was founded in 1971 and raised its 1st funding round 37 years after it was founded.
Where is Sterling Foods located?
Sterling Foods is headquartered in San Antonio, United States. It is registered at San Antonio, Texas, United States.
Is Sterling Foods a funded company?
Sterling Foods is a funded company, having raised a total of $56.47M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $18M, raised on Dec 31, 2008.
How many employees does Sterling Foods have?
As of Dec 31, 2020, the latest employee count at Sterling Foods is 804.
What does Sterling Foods do?
Sterling Foods is involved in the development and production of specialty bakery products since 1971. The company is recognized for providing vertically-integrated business solutions to sophisticated food brands across the nation. Emphasis is placed on customization, diversification, and customer-driven solutions across various business channels. Food safety and quality are prioritized, with standards in sourcing, processing, and packaging being exceeded consistently.
Who are the top competitors of Sterling Foods?
Sterling Foods's top competitors include IHOP, Sprinkles Cupcakes and Cheesecake Factory.
What products or services does Sterling Foods offer?
Sterling Foods offers Specialty Bakery Products.
Who are Sterling Foods's investors?
Sterling Foods has 4 investors. Key investors include Cotton Creek Capital, Austin Ventures, TGF Management, and ICV Partners.