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Spruce Leverages $8M Series A to Accelerate Market Expansion

PRIVATENov 11, 2020

Amount Raised

$8 Million

Round Type

Series A

AustinInformation Technology

Description

 Spruce, the leading provider of lifestyle services to the multifamily industry, announced $8 million in Series A financing.

Company Information

Company

Spruce

Location

6001 W PARMER LN

Austin, Texas, United States

About

At Spruce, we are on a mission to change how people receive services in their homes. From full housekeeping to a quick tidy up or a bathroom deep clean, Spruce is available to residents on-demand. With over 30 different services, including 15 priced between $10 and $30, residents get access to a la carte services that have never before been available to consumers. For the property manager, Spruce reduces the growing burden of managing 20+ different providers arriving each day, and provides security and oversight for the entire property. Spruce also helps local housekeeping and cleaning businesses build economies of scale in their operations with tech-enabled solutions so that they can compete in the modern economy. These local partnerships help Spruce provide a higher quality service than is achievable through independent contractors, and Spruce passes scale benefits through to residents in the form of lower prices.

Fundz sees it the moment Spruce raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Spruce's next move

See what Strategic adds

Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Spruce raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.