Tech Company Financing Transactions
Spruce Funding Round
Bessemer Venture Partners, Collaborative Fund and Omidyar Network participated in a $15.6 million Series A funding round for Spruce. The funding round was announced on 8/8/2018.
Transaction Overview
Company Name
Announced On
8/8/2018
Transaction Type
Venture Equity
Amount
$15,600,000
Round
Series A
Investors
Proceeds Purpose
Spruce will use the funding to continue growing its team and building its proprietary technology, which enables fast, frictionless, and secure real estate transactions.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
150 West 22nd St. 12th Floor
New York, NY 10011
USA
New York, NY 10011
USA
Phone
Website
Email Address
Overview
Founded in New York in 2016, Spruce works with mortgage lenders and real estate companies to provide title insurance, escrow, and closing services through a proprietary technology platform, leading to process efficiencies and improved user experiences for them and their customers. The dynamic service is available nationwide.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Patrick Burns
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Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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