Tech Company Financing Transactions

Spruce Funding Round

Scale Venture Partners, Bessemer Venture Partners and Zigg Capital participated in a $29 million Series B funding round for Spruce. The round was announced on 5/22/2020.

Transaction Overview

Company Name
Announced On
5/22/2020
Transaction Type
Venture Equity
Amount
$29,000,000
Round
Series B
Investors

Scale Venture Partners (Lead Investor) (Alex Niehenke)

Bessemer Venture Partners (Charles Birnbaum)

Zigg Capital

Proceeds Purpose
The funding will support the team's expansion, accelerate development of its proprietary technology, and deepen integrations with client partners.

Company Information

Company Status
Private & Independent
Industry
InsureTech
Mailing Address
150 West 22nd St. 12th Floor
New York, NY 10011
USA
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
Spruce LinkedIn Company Profile
Social Media
Spruce Company Twitter Account
Company News
Spruce News
Facebook
Spruce on Facebook
YouTube
Spruce on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Patrick Burns
  Patrick Burns LinkedIn Profile  Patrick Burns Twitter Account  Patrick Burns News  Patrick Burns on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/22/2020: RapidAPI venture capital transaction
Next: 5/22/2020: Amplitude venture capital transaction

 

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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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