CrossTec Funding: How Much Did They Raise & Key Investors

How Much Did CrossTec Raise?
Funding & Key Investors

CrossTec has secured a significant funding round, with the total capital raised standing at $150K. The company recently announced a major strategic investment of $150K, underscoring its strong position in the market and its potential for future expansion. This latest financing event marks a critical juncture for CrossTec as it moves into its next phase of growth.

What is CrossTec?

CrossTec

Retail

Automobile Parts Stores

Consumer Services

CrossTec operates within the Automobile Parts Stores industry, a sector characterized by its essential role in vehicle maintenance and repair. Headquartered in Jewett City, Connecticut, the company employs between 10 to 19 individuals and generates revenue in the range of $1 million to $5 million. This positions CrossTec as a notable player within its regional market, contributing to the automotive aftermarket supply chain.

How much funding has CrossTec raised?

CrossTec has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

Key Investors in CrossTec

PPP

Public-Private Partnership

What's next for CrossTec?

The substantial capital infusion, particularly the recent strategic investment, signals CrossTec's readiness for accelerated growth and market penetration. This backing is likely to fuel initiatives such as expanding product lines, enhancing operational efficiencies, and potentially exploring new geographic markets. The company's trajectory suggests a focus on solidifying its competitive advantage and increasing its market share within the automotive parts sector.

See full CrossTec company page

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