Spruce (Media and Information Services (B2B)) Overview
- Year Founded
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2015
- Status
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Private
- Employees
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100
- Latest Deal Type
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Series B
- Latest Deal Amount
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$26M
- Investors
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14
Spruce (Media and Information Services (B2B)) General Information
Description
Developer of a mobile concierge application designed to change how people receive services in their homes. The company's application permits residents at apartments to book services such as housekeeping, pet walking and dry cleaning, enabling residents to get verified staff and volunteers willing to do all household tasks at reasonable rates.
Contact Information
Website
www.getspruce.comCorporate Office
- 1408 East 13th Street
- Austin, TX 78702
- United States
Corporate Office
- 1408 East 13th Street
- Austin, TX 78702
- United States
Spruce (Media and Information Services (B2B)) Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Later Stage VC (Series B) | 20-Jul-2022 | $26M | Completed | Generating Revenue | ||
| 3. Later Stage VC (Series A) | 10-Nov-2020 | Completed | Generating Revenue | |||
| 2. Seed Round | 15-Jul-2019 | $3M | $5.78M | Completed | Generating Revenue | |
| 1. Seed Round | 03-Oct-2018 | $2.78M | $2.78M | Completed | Generating Revenue |
Spruce (Media and Information Services (B2B)) Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | ||||||||
| Series A | ||||||||
| Seed 1A | 4,037,668 | $0.000100 | $0.06 | $0.92 | $0.92 | 1x | $0.92 | 9.05% |
| Seed | 6,297,651 | $0.000100 | $0.03 | $0.58 | $0.58 | 1x | $0.58 | 16.04% |
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Opportunity Score
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Exit Type
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Spruce (Media and Information Services (B2B)) Comparisons
Industry
Financing
Details
Spruce (Media and Information Services (B2B)) Competitors (7)
One of Spruce (Media and Information Services (B2B))’s 7 competitors is Oneflare, a Formerly VC-backed company based in Haymarket, Australia.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Oneflare | Formerly VC-backed | Haymarket, Australia | ||||
| Batmaid | Venture Capital-Backed | Lausanne, Switzerland | ||||
| TaskRabbit | Formerly VC-backed | San Francisco, CA | ||||
| Hux | Venture Capital-Backed | Claymont, DE | ||||
| Helpling | Venture Capital-Backed | Berlin, Germany |
Spruce (Media and Information Services (B2B)) Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Spruce (Media and Information Services (B2B)) Investors (14)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Raven One Ventures | Venture Capital | Minority | ||
| Seamless Capital | Venture Capital | Minority | ||
| SoftBank Group | Holding Company | Minority | ||
| Buena Vista Angels | Angel Group | Minority | ||
| Frontera Technology | Growth/Expansion | Minority |
Spruce (Media and Information Services (B2B)) Acquisitions (1)
Spruce (Media and Information Services (B2B))’s most recent deal was a Merger/Acquisition with The Minte. The deal was made on 11-Aug-2021.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| The Minte | 11-Aug-2021 | Merger/Acquisition | Other Services (B2C Non-Financial) |
Spruce (Media and Information Services (B2B)) FAQs
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When was Spruce (Media and Information Services (B2B)) founded?
Spruce (Media and Information Services (B2B)) was founded in 2015.
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Where is Spruce (Media and Information Services (B2B)) headquartered?
Spruce (Media and Information Services (B2B)) is headquartered in Austin, TX.
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What is the size of Spruce (Media and Information Services (B2B))?
Spruce (Media and Information Services (B2B)) has 100 total employees.
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What industry is Spruce (Media and Information Services (B2B)) in?
Spruce (Media and Information Services (B2B))’s primary industry is Other Services (B2C Non-Financial).
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Is Spruce (Media and Information Services (B2B)) a private or public company?
Spruce (Media and Information Services (B2B)) is a Private company.
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What is the current valuation of Spruce (Media and Information Services (B2B))?
The current valuation of Spruce (Media and Information Services (B2B)) is .
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What is Spruce (Media and Information Services (B2B))’s current revenue?
The current revenue for Spruce (Media and Information Services (B2B)) is .
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How much funding has Spruce (Media and Information Services (B2B)) raised over time?
Spruce (Media and Information Services (B2B)) has raised $39.8M.
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Who are Spruce (Media and Information Services (B2B))’s investors?
Raven One Ventures, Seamless Capital, SoftBank Group, Buena Vista Angels, and Frontera Technology are 5 of 14 investors who have invested in Spruce (Media and Information Services (B2B)).
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Who are Spruce (Media and Information Services (B2B))’s competitors?
Oneflare, Batmaid, TaskRabbit, Hux, and Helpling are some of the 7 competitors of Spruce (Media and Information Services (B2B)).
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