Spruce

Spruce

Chore Less.

Founded 2016

Austin, United States 108 employees Series B Total: $40.60M Hospitality, Lending and Investments

Spruce is a company that provides on-demand services for residents, ranging from full housekeeping to quick tidy-ups and deep cleaning. With over 30 different services offered, including 15 priced between $10 and $30, Spruce provides accessible a la carte services previously unavailable to consumers. Additionally, the company aims to alleviate the burden on property managers by consolidating numerous service providers and offering security and oversight for the property.

Spruce also collaborates with local housekeeping and cleaning businesses, leveraging tech-enabled solutions to help these partners achieve economies of scale and compete in the modern economy. Through these partnerships, Spruce is able to offer a higher quality service at lower prices to residents.

Founded in 2016 and headquartered in the United States, Spruce recently received a $26.00M Series B investment at 19 July 2022 from a consortium of investors including Fitz Gate Ventures, SoftBank, Raven One Ventures, Seamless Capital, Sweat Equity Partners, New Age Ventures, and Mercury. This investment underscores the potential and confidence in Spruce's innovative approach to home services and its ability to address the evolving demands of property management and the residential services market.

Funding Stage	Amount	Investors	Lead Investors	Date
Series B	$26.00M	7	Fitz Gate Ventures, SoftBank +5	19 Jul 2022
Convertible Note	Undisclosed	1	New Age Ventures	02 Dec 2021
Series A	$8.00M	2	Sweat Equity Partners, Mercury	11 Nov 2020
Venture Round	$3.00M	4	Capital Factory, Fitz Gate Ventures +2	17 Jul 2019
Seed Round	$2.00M	2	Capital Factory, Mercury	15 Oct 2018
Seed Round	$700.00K	-		08 May 2017
Seed Round	$900.00K	-		31 Jul 2016

Funding Stage

Amount

Investors

Lead Investors

Date

Series B

$26.00M

Fitz Gate Ventures, SoftBank +5

19 Jul 2022

Convertible Note

Undisclosed

New Age Ventures

02 Dec 2021

Series A

$8.00M

Sweat Equity Partners, Mercury

11 Nov 2020

Venture Round

$3.00M

Capital Factory, Fitz Gate Ventures +2

17 Jul 2019

Seed Round

$2.00M

Capital Factory, Mercury

15 Oct 2018

Seed Round

$700.00K

08 May 2017

Seed Round

$900.00K

31 Jul 2016

FAQ About Spruce

Chore Less.

Spruce was founded in 2016.

Spruce is headquartered in Austin, United States.

Spruce operates in Hospitality and Lending and Investments. Its work centres on On-demand services, Housekeeping, Cleaning and Home services.

Spruce has approximately 108 employees.

Spruce has completed 7 funding rounds, raising a total of $40.60M. The latest funding stage is Series B.

Top alternatives and competitors to Spruce include SanKash. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Spruce and SanKash are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

General Information

Discover More

About Spruce

Funding Rounds & Investors (7)

Latest News

Spruce Alternatives & Competitors

FAQ About Spruce