Spare8 Overview
- Year Founded
-
2020
- Status
-
Private
- Employees
-
6
- Latest Deal Type
-
Later Stage VC
- Investors
-
12
Spare8 General Information
Description
Operator of a digital precious metals investment and leasing platform intended for wealth management purposes. The company's platform provides users with the ability to purchase 24k 99.9% pure physical-backed assets starting from small denominations, automate savings through recurring mandates, and engage in a gold leasing program where assets are lent to vetted jewellers to generate annual yields, enabling individual retail investors in India to diversify their portfolios with secure, liquid, and yield-bearing commodities.
Contact Information
Website
www.spare8.comCorporate Office
- Ground Floor, 2, Sita Mahal
- 624, Linking Road, Khar
- Mumbai, Maharashtra 400052
- India
Corporate Office
- Ground Floor, 2, Sita Mahal
- 624, Linking Road, Khar
- Mumbai, Maharashtra 400052
- India
Spare8 Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 2. Later Stage VC | 22-Jan-2025 | Completed | Generating Revenue | |||
| 1. Seed Round | 29-Jul-2022 | Completed | Generating Revenue |
Spare8 Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Preference |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Spare8 Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Spare8 Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Spare8 Investors (12)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | Minority | |||
| Angel (individual) | Minority | |||
| 2 a.m. Ventures | Venture Capital | Minority | ||
| Angel (individual) | Minority | |||
| Angel (individual) | Minority |
Spare8 FAQs
-
When was Spare8 founded?
Spare8 was founded in 2020.
-
Where is Spare8 headquartered?
Spare8 is headquartered in Mumbai, India.
-
What is the size of Spare8?
Spare8 has 6 total employees.
-
What industry is Spare8 in?
Spare8’s primary industry is Brokerage.
-
Is Spare8 a private or public company?
Spare8 is a Private company.
-
What is Spare8’s current revenue?
The current revenue for Spare8 is .
-
How much funding has Spare8 raised over time?
Spare8 has raised $755K.
-
Who are Spare8’s investors?
, , 2 a.m. Ventures, , and are 5 of 12 investors who have invested in Spare8.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read more -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process
