About Spiceworks
Spiceworks is a company based in Austin (United States) founded in 2006 was acquired by Ziff Davis in August 2019.. Spiceworks has raised $111.6 million across 5 funding rounds from investors including Goldman Sachs, Ziff Davis and Adams Street Partners. The company has 129 employees as of April 06, 2024. Spiceworks offers products and services including Cloud Help Desk, Remote Support, Inventory Online, and Contracts Tracker. Spiceworks operates in a competitive market with competitors including Lansweeper, CoreView, Firstbase, Snow Software and Sitetracker, among others.
- Headquarter Austin, United States
- Employees 129 as on 06 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Spiceworks It Solutions India Private Limited
- Date of Incorporation 31 Jan, 2019
- Jurisdiction Rangareddy, Telangana, India
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Annual Revenue
$4.97 M (USD)35.94as on Mar 31, 2023
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Net Profit
$555.35 K (USD)40.91as on Mar 31, 2023
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EBITDA
$830.61 K (USD)37.95as on Mar 31, 2023
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Total Equity Funding
$111.6 M (USD)
in 5 rounds
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Latest Funding Round
$57.6 M (USD), Series E
Feb 03, 2014
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Investors
Goldman Sachs
& 6 more
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Employee Count
129
as on Apr 06, 2024
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Acquired by
Ziff Davis
(Aug 16, 2019)
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Products & Services of Spiceworks
Spiceworks offers a comprehensive portfolio of products and services, including Cloud Help Desk, Remote Support, Inventory Online, and Contracts Tracker. 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.
Tool for managing IT tickets and support requests efficiently.
Platform for remote IT assistance and troubleshooting issues.
System to track and manage IT hardware and software assets.
Application for monitoring vendor contracts and agreements.
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Software Development Team
75 people
Leadership Team
29 people
Finance and Accounting
24 people
Human Resources and Administration
21 people
Senior Team
11 people
Legal and Compliance
10 people
Research Team
9 people
Operations Team
6 people
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Funding Insights of Spiceworks
Spiceworks has successfully raised a total of $111.6M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $57.6 million completed in February 2014. 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 5
- Last Round Series E — $57.6M
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First Round
First Round
(16 Jun 2006)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Series E - Spiceworks | Valuation | Goldman Sachs | |
| Apr, 2011 | Amount | Series D - Spiceworks | Valuation | Adams Street Partners , Tenaya Capital | |
| Jan, 2010 | Amount | Series C - Spiceworks | Valuation | IVP |
| 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 Spiceworks
Spiceworks has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Ziff Davis and Adams Street Partners. 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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Private markets investment management with strategies in equity, credit, and secondary investments.
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Founded Year | Domain | Location | |
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Investment and partnership services for entrepreneurs in finance and growth support.
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Founded Year | Domain | Location | |
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Growth in technology companies is supported through venture capital.
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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 Spiceworks
| 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 - Spiceworks
| 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 |
Spiceworks Comparisons
Competitors of Spiceworks
Spiceworks 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 Lansweeper, CoreView, Firstbase, Snow Software and Sitetracker, 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 |
Cloud-based IT asset management software is provided by Lansweeper.
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| domain | founded_year | HQ Location |
Cloud based software asset management software provider
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| domain | founded_year | HQ Location |
SaaS-driven facility management solutions are provided for office assets.
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| domain | founded_year | HQ Location |
Cloud management solutions for hybrid and multi-cloud environments are provided.
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| domain | founded_year | HQ Location |
Cloud-based project and asset management solutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Spiceworks
Frequently Asked Questions about Spiceworks
When was Spiceworks founded?
Spiceworks was founded in 2006.
Where is Spiceworks located?
Spiceworks is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Spiceworks a funded company?
Spiceworks is a funded company, having raised a total of $111.6M across 5 funding rounds to date. The company's 1st funding round was a Series C of $16M, raised on Jun 16, 2006.
How many employees does Spiceworks have?
As of Apr 06, 2024, the latest employee count at Spiceworks is 129.
What is the annual revenue of Spiceworks?
Annual revenue of Spiceworks is $4.97M as on Mar 31, 2023.
What does Spiceworks do?
Spiceworks was founded in 2006 in Austin, United States, as a professional network for the IT sector. Connections between IT professionals, peers, and technology companies are facilitated to enable interactions and product research. Vendors utilize the platform for market outreach, advertising, and sales to IT users. Free tools including inventory management, helpdesk, and network monitoring are provided. Revenue is derived mainly from advertisements, supplemented by an IT product marketplace.
Who are the top competitors of Spiceworks?
Spiceworks's top competitors include Axonius, Lansweeper and Firstbase.
What products or services does Spiceworks offer?
Spiceworks offers Cloud Help Desk, Remote Support, Inventory Online, and Contracts Tracker.
Who are Spiceworks's investors?
Spiceworks has 7 investors. Key investors include Goldman Sachs, Ziff Davis, Adams Street Partners, Tenaya Capital, and IVP.
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