About Spherics
Spherics is a Technology company based in Bristol (United Kingdom) founded in 2020 by Ciaran Wood, and was acquired by Sage Group in October 2022. It operates in the Technology and Environment sectors. Spherics has raised $1.38 million across 2 funding rounds from investors including Sage Group. Its focus areas include Enterprise Applications, Vertical Business Intelligence, Industry Specific and Big Data Analytics.
Company details
Cloud based data preparation software solution provider. It provides a cloud-based sustainability intelligence platform for tracking environmental impact and reducing carbon footprint. It also provides solutions such as data collection from accounting software, data measurement, data migration and management, etc.
- Headquarters Bristol, United Kingdom
- Founders Ciaran Wood
- Stage Acquired
- SectorsTechnologyEnvironment
- Email••••••••
- Website spherics.io
- Social LinkedIn X
- Acquired by Sage Group (Oct 2022)
- Total Equity Funding$1.38M (USD)
in 2 rounds
- Latest Funding Round$331.52K (USD), Grant
Oct 2022
- Investors
- Acquired bySage Group
(Oct 2022)
Funding Insights of Spherics
Spherics has successfully raised a total of $1.38M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $331.52 thousand completed in October 2022. 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 $1.38M
- Total Rounds 2
- Last Round Grant — $331,518
- First Round $1.38M
(Oct 2022)
All 2 funding rounds of Spherics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $1.38M | Seed | – | – | – |
| Oct 2022 | $331,518 | Grant | – | – | – |
1 investors in total: 1 institutional.
Investors in Spherics
Spherics has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sage Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based accounting and payroll solutions for small and medium businesses | 1981 | sage.com | United States |
Investor details for Spherics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Spherics
1 people are tracked at Spherics (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ciaran Wood | Co-Founder | Leadership |
Complete people profiles for Spherics
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Spherics
3 dated milestones of Spherics across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Spherics is founded.
- Funding First funding round of $1.4M.
- Exit Acquired by Sage Group.
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Frequently Asked Questions about Spherics
Spherics was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Spherics is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Spherics is a funded company, having raised a total of $1.38M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.38M, raised on Oct 2022.
Cloud based data preparation software solution provider. It provides a cloud-based sustainability intelligence platform for tracking environmental impact and reducing carbon footprint. It also provides solutions such as data collection from accounting software, data measurement, data migration and management, etc.
Spherics has 1 investor. Key investors include Sage Group.
Yes. Spherics was acquired by Sage Group in October 2022.