About Spigit
Spigit is a company based in Austin (United States) founded in 1989 was acquired by Planview in December 2018.. Spigit has raised $55.18 million across 7 funding rounds from investors including Planview, Warburg Pincus and MindManager. The company has 64 employees as of December 31, 2018. Spigit has completed 1 acquisition, including Kindling. Spigit offers products and services including Planview IdeaPlace, Planview AdaptiveWork, and Planview AgilePlace. Spigit operates in a competitive market with competitors including CA Technologies, Wazoku, Planview, Agorize and KeyedIn, among others.
- Headquarter Austin, United States
- Employees 64 as on 31 Dec, 2018
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Planview, Inc.
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Products & Services of Spigit
Spigit offers a comprehensive portfolio of products and services, including Planview IdeaPlace, Planview AdaptiveWork, and Planview AgilePlace. 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.
Software for crowdsourcing and managing ideas in organizations.
Platform for resource planning and project execution tools.
Tools for Agile transformation and team collaboration processes.
Funding Insights of Spigit
Spigit has successfully raised a total of $55.18M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $13 million completed in October 2015. 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 E — $13.0M
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First Round
First Round
(01 Feb 2007)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2015 | Amount | Series E - Spigit | Valuation | Investor Growth Capital |
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| Dec, 2012 | Amount | Series E - Spigit | Valuation | Warburg Pincus |
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| Mar, 2012 | Amount | Series E - Spigit | Valuation | Warburg Pincus |
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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 Spigit
Spigit has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Planview, Warburg Pincus and MindManager. 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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Corporate-backed venture capital firm focused on fintech, energy, and multiple sectors
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Water resource development services are provided globally.
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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 Spigit
Spigit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Kindling. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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IoT-based tracking and security for shipping containers are provided.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Spigit
| 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 |
Spigit Comparisons
Competitors of Spigit
Spigit 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 CA Technologies, Wazoku, Planview, Agorize and KeyedIn, 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 |
IT infrastructure and identity management solutions are delivered for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based idea management software is offered to organizations.
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| domain | founded_year | HQ Location |
Cloud-based enterprise software for project management and collaboration is offered.
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| domain | founded_year | HQ Location |
Cloud-based platform for managing innovation and ideas is provided.
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| domain | founded_year | HQ Location |
Project portfolio management platform
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| domain | founded_year | HQ Location |
Professional services automation and project portfolio management software are provided.
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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 Spigit
Frequently Asked Questions about Spigit
When was Spigit founded?
Spigit was founded in 1989 and raised its 1st funding round 18 years after it was founded.
Where is Spigit located?
Spigit is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Spigit a funded company?
Spigit is a funded company, having raised a total of $55.18M across 7 funding rounds to date. The company's 1st funding round was a Series E of $15.23M, raised on Feb 01, 2007.
How many employees does Spigit have?
As of Dec 31, 2018, the latest employee count at Spigit is 64.
What does Spigit do?
Spigit is a cloud-based idea management software solution. The platform is used by corporate to manage the idea lifecycle. It allows managers to add a problem and collect ideas from the employees, customers, and partners and track the ideas from conception to implementation stage. The clientele includes Siemens, Herbalife, Johnson Johnson, Campbells, Nasdaq, etc.
Who are the top competitors of Spigit?
Spigit's top competitors include CA Technologies, Wazoku and Planview.
What products or services does Spigit offer?
Spigit offers Planview IdeaPlace, Planview AdaptiveWork, and Planview AgilePlace.
How many acquisitions has Spigit made?
Spigit has made 1 acquisition, including Kindling.
Who are Spigit's investors?
Spigit has 5 investors. Key investors include Planview, Warburg Pincus, MindManager, PICO Holdings, and Investor Growth Capital.
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