About SPATULA
SPATULA is a company based in Toronto (Canada) founded in 2021 by Wallace Wong.. SPATULA has raised $2 million across 2 funding rounds from investors including Global Founders Capital, Panache Ventures and Loyal VC. SPATULA operates in a competitive market with competitors including PORTA, HalalMeals, Ethey and Easy Mealz, among others.
- Headquarter Toronto, Canada
- Founders Wallace Wong
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Angel Round
Nov 22, 2023
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Investors
Global Founders Capital
& 3 more
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Employee Count
Employee Count
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Funding Insights of SPATULA
SPATULA has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $500 thousand completed in November 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 2
- Last Round Angel Round — $500,000
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First Round
First Round
(28 Mar 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Angel Round - SPATULA | Valuation |
investors |
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| Mar, 2022 | Amount | Seed - SPATULA | Valuation | Global Founders Capital |
| 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 SPATULA
SPATULA has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Global Founders Capital, Panache Ventures and Loyal VC. 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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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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A diversified evergreen venture fund is managed for accredited investors.
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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 SPATULA
| 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 - SPATULA
| 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 |
Spatula Comparisons
Competitors of SPATULA
SPATULA 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 PORTA, HalalMeals, Ethey and Easy Mealz, 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 |
Frozen Italian meals are delivered via online subscriptions.
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| domain | founded_year | HQ Location |
Operates an online restaurant delivering fresh, halal meals via subscription.
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| domain | founded_year | HQ Location |
Offers an online platform for chef-prepared meals through subscriptions.
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| domain | founded_year | HQ Location |
Offers fresh, chef-prepared ready-to-eat meals with home delivery in Toronto.
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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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Frequently Asked Questions about SPATULA
When was SPATULA founded?
SPATULA was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is SPATULA located?
SPATULA is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is SPATULA a funded company?
SPATULA is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Mar 28, 2022.
What does SPATULA do?
An online marketplace for restaurant-quality meals was established in 2021 by SPATULA in Toronto, Canada. Flash-freezing techniques are employed to preserve product freshness and texture. Operations focus on connecting suppliers and consumers in the food sector, with leadership provided by co-founder Wallace Wong and owner Karen Stickel. The platform supports delivery of prepared meals across the region.
Who are the top competitors of SPATULA?
SPATULA's top competitors include PORTA, HalalMeals and Ethey.
Who are SPATULA's investors?
SPATULA has 4 investors. Key investors include Global Founders Capital, Panache Ventures, Loyal VC, and Arlene Dickinson.
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