About Spartan
Spartan is a company based in Boston (United States) founded in 2006 was acquired by Vermilion Energy in May 2018.. Spartan has raised $32.4 million across 7 funding rounds from investors including Hearst, Vermilion Energy and Raptor Group. Spartan has completed 2 acquisitions, including Bellatrix Exploration and OCRWC. Spartan offers products and services including Obstacle Course Races and Training Programs.
- Headquarter Boston, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spartan Race 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
$32.4 M (USD)
in 7 rounds
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Latest Funding Round
$1.65 M (USD), Series C
Dec 22, 2023
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Investors
Hearst
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bellatrix Exploration
& 1 more
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Acquired by
Vermilion Energy
(May 28, 2018)
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Products & Services of Spartan
Spartan offers a comprehensive portfolio of products and services, including Obstacle Course Races and Training Programs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Races are organized featuring various distances and obstacles to challenge participants physically.
Programs are provided that include fitness certifications and online resources for race preparation.
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Funding Insights of Spartan
Spartan has successfully raised a total of $32.4M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $1.65 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 7
- Last Round Series C — $1.6M
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First Round
First Round
(20 Aug 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series C - Spartan | Valuation |
investors |
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| Jan, 2021 | Amount | Series C - Spartan | Valuation |
investors |
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| Jun, 2016 | Amount | Series B - Spartan | Valuation |
investors |
| 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 Spartan
Spartan has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Hearst, Vermilion Energy and Raptor Group. 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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Investment and strategic support are provided by Raptor Group.
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Founded Year | Domain | Location | |
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Media conglomerate
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Founded Year | Domain | Location | |
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International energy producer focused on light oil and natural gas
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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 Spartan
Spartan has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bellatrix Exploration and OCRWC. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Premier independent global championships for the sport of Obstacle Course Racing
|
2013 | ||||
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Oil & natural gas exploration company
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Spartan
| 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 |
Spartan Comparisons
Competitors of Spartan
| 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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Frequently Asked Questions about Spartan
When was Spartan founded?
Spartan was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Where is Spartan located?
Spartan is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Spartan a funded company?
Spartan is a funded company, having raised a total of $32.4M across 7 funding rounds to date.
What does Spartan do?
Spartan was founded in 2006 in Boston, United States, within the fitness and events sector. Obstacle course races, including sprints, supers, beasts, and ultras, are organized to accommodate varying fitness levels and experiences. Individual and team competitions are offered, along with kids races, training resources, fitness certifications, and merchandise. Group participation for team building and fundraising is facilitated, with events held to promote physical and mental challenges across multiple locations.
What products or services does Spartan offer?
Spartan offers Obstacle Course Races and Training Programs.
How many acquisitions has Spartan made?
Spartan has made 2 acquisitions, including Bellatrix Exploration, and OCRWC.
Who are Spartan's investors?
Spartan has 3 investors. Key investors include Hearst, Vermilion Energy, and Raptor Group.