How Much Did Crossover Raise?
Funding & Key Investors

Crossover, a prominent player in the oil country tubular goods (OCTG) market, has secured $816K in total capital, with its most recent financing round totaling $466K. This major strategic investment underscores the company's established position and ongoing operational significance within the energy sector. The company's consistent access to significant funding indicates a stable enterprise-level financial strategy.

What is Crossover?

Crossover
ManufacturingBuilding MaterialsIndustrial Machinery & Equipment

Established in 1979, Crossover, Inc. has carved out a significant niche as a leading manufacturer in the OCTG market. The company's reputation for total quality assurance is recognized by major domestic and international oil producers who utilize Crossover's tubular products. By integrating current machining technology, modern inspection processes, and systematic personnel training, Crossover has solidified its standing as a dependable leader in the tubular accessory market. The company is committed to expanding its capabilities to ensure continued success, marketing its API Spec 5CT and Spec 7 licensed products through a network of domestic and international supply stores and agents, emphasizing competitive pricing, quality, and fast delivery.

How much funding has Crossover raised?

Crossover has raised a total of $816K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$466K

Debt (2020): $350K with participation from PPP

Debt (2021): $466K led by PPP

Key Investors in Crossover

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Crossover?

The substantial enterprise-level funding and recent strategic investment suggest Crossover is poised for continued operational expansion and market penetration. With a strong foundation built on quality and reliability, the company is likely to leverage this capital to enhance its manufacturing capabilities, potentially explore new product lines within the OCTG sector, or strengthen its distribution channels. The focus on competitive pricing and fast delivery, coupled with API certifications, positions Crossover to capitalize on opportunities in both established and emerging energy markets, reinforcing its role as a key supplier in the oil country tubular goods industry.

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Frequently Asked Questions Regarding Crossover Financial Insights

What are the most recent funding rounds that Crossover has completed, and what were the funding rounds?
Crossover has recently completed 2 funding rounds: Debt on Mar 18, 2021, Debt on Apr 12, 2020.
What is the total amount of funding Crossover has raised to date?
Crossover has raised a total of $816K in funding to date.
How many funding rounds has Crossover completed?
Crossover has completed 2 funding rounds.
How much funding did Crossover raise in its most recent funding round?
Crossover raised $466K in its most recent funding round.
Who are the lead investors in Crossover's latest funding round?
The lead investor in Crossover's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Crossover's history?
The largest funding round in Crossover's history was $466K.
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