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Crystal Financial

North America, Massachusetts, United States, Boston

Description

Crystal Financial LLC, based in Boston, United States, operates as a specialized commercial finance company rather than a traditional venture capital firm. Unlike equity investors, Crystal Financial primarily provides senior and junior secured debt financing to middle-market companies across various industries. Their core expertise lies in originating, underwriting, and managing bespoke secured debt solutions tailored to the specific needs of their borrowers. This approach positions them as a crucial capital provider for businesses seeking flexible, asset-backed financing, distinguishing them from firms focused on early-stage equity investments.

Investor Profile

Crystal Financial has backed more than 43 startups, with 0 new investments in the last 12 months alone. The firm has led 27 rounds, about 63% of its total and boasts 20 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Post Ipo Debt rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Retail, Financial Services, E-Commerce.
  • Typical check size: $10M – $150M.

Stage Focus

  • Debt Financing (84%)
  • Post Ipo Debt (16%)

Country Focus

  • United States (88%)
  • Canada (9%)
  • United Kingdom (2%)

Industry Focus

  • Retail
  • Financial Services
  • E-commerce
  • Manufacturing
  • Fashion
  • Information Technology
  • Software
  • Automotive
  • Hardware
  • Analytics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Crystal Financial frequently co-invest with?

LBC Credit Partners
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 1
Comvest Partners
North America, Florida, United States, West Palm Beach
Co-Investments: 2
THL Credit
North America, Massachusetts, United States, Boston
Co-Investments: 1
GarMark Partners
North America, Connecticut, United States, Stamford
Co-Investments: 1
JP Morgan Chase
North America, New York, United States, New York
Co-Investments: 1
PE
North America, Georgia, United States, Atlanta
Co-Investments: 1
GI
North America, Texas, United States, Houston
Co-Investments: 1
Star Mountain Capital
North America, New York, United States, New York
Co-Investments: 1
MC
North America, New York, United States, New York
Co-Investments: 1
Triartisan Capital Advisors
North America, New York, United States, New York
Co-Investments: 1

What are some of recent deals done by Crystal Financial?

Southern States Cooperative

Richmond, Virginia, United States

Southern States Cooperative is the largest farm supply retail and service cooperatives in the United States.

AgricultureFarmingFertility
Debt FinancingDec 3, 2020
Amount Raised: $60,000,000
Bijoux Birks

Montréal, Quebec, Canada

Bijoux Birks is an e-store that retails tri-gold bracelets, pendants, chain bracelets, necklaces, pearl earrings, and diamond rings.

E-CommerceJewelryRetail
Debt FinancingJul 9, 2018
Amount Raised: $9,500,000
Southern States Cooperative

Richmond, Virginia, United States

Southern States Cooperative is the largest farm supply retail and service cooperatives in the United States.

AgricultureFarmingFertility
Debt FinancingJun 11, 2018
Amount Raised: $70,000,000
People's Care

Chino Hills, California, United States

Since 1998, People’s Care has been working to ensure the best quality of life for individuals with developmental disabilities.

Child CareHealth CareMedical
Debt FinancingApr 30, 2018
Amount Raised: $15,000,000
Standard Diversified

New York, New York, United States

Standard Diversified is a holding company that owns & operates subsidiaries in industries, including tobacco products, outdoor advertising.

AdvertisingAngel InvestmentStock Exchanges
Post Ipo DebtMar 7, 2018
Amount Raised: $25,000,000
Stone Road Energy

Gorham, Maine, United States

Stone Road Energy is a full service retail heating oil and propane supplier for residential and commercial customers.

EnergyOil and Gas
Debt FinancingFeb 6, 2018
Amount Raised: $20,000,000
CARite

Madison Heights, Michigan, United States

CARite is a network of car dealerships located in Michigan.

Automotive
Debt FinancingJan 10, 2018
Amount Raised: $45,000,000
ProAir

Elkhart, Indiana, United States

Pro Air is a Manufacturing company.

AutomotiveBusiness TravelManufacturing
Debt FinancingOct 11, 2017
Amount Raised: $15,000,000
Wellen Capital

Chicago, Illinois, United States

Wellen Capital provides small businesses capital advances that allow them to solve short-term issues or take advantage of opportunities.

Financial Services
Debt FinancingJul 11, 2017
Amount Raised: $26,000,000
Global Holdings

Tulsa, Oklahoma, United States

Global Holdings is a financial technology company that provides payment processing to the debt settlement industry.

BankingFinancial ServicesFinTechTransaction Processing
Debt FinancingJun 6, 2017
Amount Raised: $68,500,000