Spave Overview
- Year Founded
-
2016
- Status
-
Acquired/Merged
- Employees
-
14
- Latest Deal Type
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M&A
Spave General Information
Description
Developer of a social giving and savings application designed to facilitate charitable donations. The company offers a mobile platform that integrates with financial accounts to round up purchases or apply percentages to transactions, thereby enabling users to fund personal savings goals and support nonprofit organizations through everyday spending activity.
Contact Information
Website
www.spave.io(Operating Subsidiary)
Corporate Office
- 1307 West 6th Street
- Red Wing, MN 55066
- United States
Corporate Office
- 1307 West 6th Street
- Red Wing, MN 55066
- United States
Spave Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 8. Merger/Acquisition | 01-Jun-2021 | Completed | Generating Revenue | |||
| 7. Later Stage VC | 16-Feb-2021 | Completed | Generating Revenue | |||
| 6. Early Stage VC | 06-Aug-2020 | Completed | Generating Revenue | |||
| 5. Early Stage VC | 30-Jun-2020 | Completed | Generating Revenue | |||
| 4. Grant | 16-Mar-2020 | Completed | Generating Revenue | |||
| 3. Accelerator/Incubator | 01-Jan-2020 | Completed | Generating Revenue | |||
| 2. Grant | 18-Oct-2019 | $10K | $20K | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 01-Jun-2018 | $20K | $20K | Completed | Startup |
Spave Comparisons
Industry
Financing
Details
Spave Competitors (3)
One of Spave’s 3 competitors is Acorns Grow, a Venture Capital-Backed company based in Irvine, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Acorns Grow | Venture Capital-Backed | Irvine, CA | ||||
| NetGiver | Venture Capital-Backed | Minneapolis, MN | ||||
| Softgiving | Corporation | Atlanta, GA |
Spave Patents
Spave Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20180211329-A1 | Micro-self-taxing banking transaction and method | Inactive | 23-Jan-2017 | ||
| US-20210073919-A1 | Micro-self-taxing banking transaction and method | Inactive | 23-Jan-2017 |
Spave Signals
Spave Former Investors (7)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| CFV Ventures | Venture Capital | Minority | ||
| Golden Triangle Fund | Angel Group | Minority | ||
| Minnesota Department of Employment and Economic Development | Government | |||
| Queen City Fintech | Accelerator/Incubator | Minority | ||
| RevTech Labs Capital | Venture Capital | Minority |
Spave FAQs
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When was Spave founded?
Spave was founded in 2016.
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Where is Spave headquartered?
Spave is headquartered in Red Wing, MN.
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What is the size of Spave?
Spave has 14 total employees.
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What industry is Spave in?
Spave’s primary industry is Financial Software.
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Is Spave a private or public company?
Spave is a Private company.
-
What is Spave’s current revenue?
The current revenue for Spave is .
-
How much funding has Spave raised over time?
Spave has raised $1.99M.
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Who are Spave’s investors?
CFV Ventures, Golden Triangle Fund, Minnesota Department of Employment and Economic Development, Queen City Fintech, and RevTech Labs Capital are 5 of 7 investors who have invested in Spave.
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Who are Spave’s competitors?
Acorns Grow, NetGiver, and Softgiving are competitors of Spave.
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When was Spave acquired?
Spave was acquired on 01-Jun-2021.
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Who acquired Spave?
Spave was acquired by Reseda Group.
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