Cross London Trains Valuation, Funding & Investors

Cross London Trains is valued at $1B as of March 2026.

Last Cross London Trains valuation

$1B

Undisclosed stage · Mar 2026

Last Cross London Trains funding round

$70M

Undisclosed stage · Mar 2026

Cumulative funding Cross London Trains raised

$70M

across 1 funding round

Key investors in Cross London Trains

  • HICL Infrastructure

Cross London Trains Overview

About Cross London Trains

Cross London Trains supplies railway leasing services to UK passenger rail operators, specializing in procurement and leasing of rolling stock for franchises like Thameslink.


Founded

2011

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$1B (Mar 2026)

Cross London Trains Valuation

Cross London Trains is currently valued at $1B, based on its undisclosed-stage round in March 2026.

The $70M round was led by HICL Infrastructure.

Cross London Trains valuation by funding round

Cross London Trains valuation by funding round
DateStageValuation
Mar 2026Undisclosed stage$1B

Cross London Trains Funding History

Cross London Trains has raised a total of $70M across 1 funding round.

Cross London Trains funding rounds

Cross London Trains funding rounds
DateStageInvestorsRaisedValuation
Mar 2026Undisclosed stageHICL Infrastructure (lead)$70M$1B

Who has invested in Cross London Trains?

1 investor has backed Cross London Trains across its funding rounds, including HICL Infrastructure.

Lead investors include HICL Infrastructure.


Cross London Trains Investors

Investors in Cross London Trains by funding rounds participated
InvestorHQRoundsRoleFirst check

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Cross London Trains Competitors

Cross London Trains competitors include listed companies like Upbound, Smartgroup Corp and Willis Lease Finance, and private ones like Blueground, Grover and Mofang Gongyu.

Public and private companies comparable to Cross London Trains
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UpboundUnited StatesUnited StatesPublicly listed$4.7B$1.7B$1B0.6x
Smartgroup CorpAustraliaAustraliaPublicly listed$233M$96M$1.1B3.7x
BluegroundUnited StatesNew York City, NYPrivate$140M-$1B-
GroverGermanyBerlinPrivate$236M-$1B4.2x
Mofang GongyuChinaShanghaiPrivate--$1B-
Willis Lease FinanceUnited StatesUnited StatesPublicly listed$730M$406M$1.2B4.7x

Cross London Trains Public Comps

Cross London Trains is still privately-owned, but its public comps include Upbound, Smartgroup Corp, Willis Lease Finance, Black Diamond Gr, Simpar, United International, Zigup, LOTTE Rental Co., Grupo Vamos and Katapult.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Upbound$4.7B$1.7B0.6x0.6x1.5x5.2x
Smartgroup Corp$233M$96M4.0x3.7x9.6x8.9x
Willis Lease Finance$730M$406M4.8x4.7x8.7x7.4x
Black Diamond Gr$327M$86M3.5x3.0x13.5x11.5x
Simpar$8.5B$2.4B1.2x1.2x4.4x4.2x
United International$645M$246M2.0x2.0x5.3x4.2x
Zigup$2.5B$639M1.1x1.1x4.1x3.7x
LOTTE Rental Co.$2.1B$1B2.1x2.1x4.4x4.3x

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Common questions about Cross London Trains

When was Cross London Trains founded?Cross London Trains was founded in 2011.
Where is Cross London Trains headquartered?Cross London Trains is headquartered in London, United Kingdom.
Is Cross London Trains publicly listed?No, Cross London Trains is a private, VC-backed company.
What is Cross London Trains' valuation?Cross London Trains was last valued at $1B in its undisclosed-stage round in March 2026.
How much funding has Cross London Trains raised?Cross London Trains has raised $70M across 1 funding round.
What was Cross London Trains' last funding round?Cross London Trains' last funding round was a $70M undisclosed-stage round in March 2026, led by HICL Infrastructure.
Who are Cross London Trains' investors?Cross London Trains' investors include HICL Infrastructure.
Which companies are comparable to Cross London Trains?Companies comparable to Cross London Trains include Upbound, Smartgroup Corp, Blueground, Grover, Mofang Gongyu and Willis Lease Finance.

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