About Spade
Spade is a company based in New York (United States) founded in 2021 by Cooper Hart and Oban Mactavish.. Spade has raised $21.12 million across 3 funding rounds from investors including Flourish Ventures, Andreessen Horowitz and Gradient Ventures. Spade operates in a competitive market with competitors including MX, Plaid, Belvo, Rutter and FinTecSystems, among others.
- Headquarter New York, United States
- Founders Cooper Hart, Oban Mactavish
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spade Data Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.12 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
Dec 06, 2023
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Investors
Flourish Ventures
& 5 more
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Employee Count
Employee Count
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Funding Insights of Spade
Spade has successfully raised a total of $21.12M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $10.0M
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First Round
First Round
(16 May 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - Spade | Valuation | Flourish | |
| Feb, 2023 | Amount | Seed - Spade | Valuation | a16z | |
| May, 2022 | Amount | Series A - Spade | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spade
Spade has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Flourish Ventures, Andreessen Horowitz and Gradient Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital arm of Alphabet Inc. investing in AI
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spade
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spade Comparisons
Competitors of Spade
Spade operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MX, Plaid, Belvo, Rutter and FinTecSystems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Data-driven analytics and open banking APIs are provided to businesses.
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| domain | founded_year | HQ Location |
Open banking aggregation APIs are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Open banking API solutions are developed for financial data aggregation.
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| domain | founded_year | HQ Location |
Finance and accounting management is facilitated via an API platform.
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| domain | founded_year | HQ Location |
Open banking API solutions are offered to financial institutions.
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| domain | founded_year | HQ Location |
Open banking aggregation APIs are offered for financial services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spade
Frequently Asked Questions about Spade
When was Spade founded?
Spade was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Spade located?
Spade is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Spade?
Oban Mactavish is the current CEO of Spade. They have also founded this company.
Is Spade a funded company?
Spade is a funded company, having raised a total of $21.12M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.12M, raised on May 16, 2022.
What does Spade do?
Spade was founded in 2021 in New York, United States, as an online platform specializing in data APIs. Detailed information on merchants, categories, and geographic locations is delivered through these APIs, alongside real-time updates. Operations focus on enabling access to structured data for various applications, serving users in the information services sector across the region.
Who are Spade's investors?
Spade has 6 investors. Key investors include Flourish Ventures, Andreessen Horowitz, Gradient Ventures, Y Combinator, and Dash Fund.
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