Tech Company Financing Transactions
Spruce Systems Funding Round
Spruce Systems secured a $34 million Series A financing round on 4/20/2022. Backers included Andreessen Horowitz, Electric Capital and Ethereal Ventures.
Transaction Overview
Company Name
Announced On
4/20/2022
Transaction Type
Venture Equity
Amount
$34,000,000
Round
Series A
Investors
Proceeds Purpose
It plans to use the new funds to double its team of 15 employees by the end of the year.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
350 East Ave.
Rochester, NY 14604
USA
Rochester, NY 14604
USA
Phone
Undisclosed
Website
Email Address
Overview
Spruce builds open-source credentialing infrastructure that is standards-compliant, production-ready, and extensible into typical enterprise and government IT systems. We promote a culture of transparency, protection of individual privacy, and inveterate experimentation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Wayne Chang
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