About Spiir
Spiir is a company based in Aarhus (Denmark) founded in 2011 by Gudmundur Hreidarsson and Rune Mai.. Spiir has raised $24.32 million across 8 funding rounds from investors including Danske Bank and DNB. Spiir offers products and services including Spiir App and Challenges Feature. Spiir operates in a competitive market with competitors including Horizonbudget, Softurion, InvoicePero and Budgetos, among others.
- Headquarter Aarhus, Denmark
- Founders Gudmundur Hreidarsson, Rune Mai
- Stage Minicorn
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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
*********
- Legal Name Mastercard Ob Services Europe A/S
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.32 M (USD)
in 8 rounds
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Latest Funding Round
$17.24 M (USD), Series A
Apr 19, 2021
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Investors
Danske Bank
& 1 more
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Employee Count
Employee Count
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Products & Services of Spiir
Spiir offers a comprehensive portfolio of products and services, including Spiir App and Challenges Feature. 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.
App for automatic transaction categorization and savings insights.
In-app challenges to reduce spending and promote financial habits.
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Leadership Team
246 people
Software Development Team
238 people
Sales and Marketing
170 people
Product Management Team
73 people
Legal and Compliance
40 people
Data Analysis and Operations Team
25 people
Manager Team
24 people
Finance and Accounting
24 people
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Funding Insights of Spiir
Spiir has successfully raised a total of $24.32M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $17.24 million completed in April 2021. 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 8
- Last Round Series A — $17.2M
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First Round
First Round
(28 Apr 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Spiir | Valuation |
investors |
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| Apr, 2020 | Amount | Debt – Conventional - Spiir | Valuation |
investors |
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| May, 2018 | Amount | Debt – Conventional - Spiir | 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 Spiir
Spiir has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Danske Bank and DNB. 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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Financial services including banking and insurance are provided globally.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and corporations.
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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 Spiir
| 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 - Spiir
| 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 |
Spiir Comparisons
Competitors of Spiir
Spiir 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 Horizonbudget, Softurion, InvoicePero and Budgetos, 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 |
Offers a cloud-based platform for effective budget management.
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| domain | founded_year | HQ Location |
Personal finance software for tracking expenses, revenues, and forecasts on Mac and iPad.
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| domain | founded_year | HQ Location |
Provides online invoicing software for small businesses and freelancers.
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| domain | founded_year | HQ Location |
A cloud-based platform for efficient expense management and tracking.
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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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Frequently Asked Questions about Spiir
When was Spiir founded?
Spiir was founded in 2011.
Where is Spiir located?
Spiir is headquartered in Aarhus, Denmark.
Is Spiir a funded company?
Spiir is a funded company, having raised a total of $24.32M across 8 funding rounds to date.
What does Spiir do?
Spiir was founded in 2011 in Aarhus, Denmark, operating in the personal finance sector. Bank accounts are linked to the platform, where expenses are monitored and categorized across various segments. Graphical representations of costs are provided to users. Automated budgeting is facilitated based on tracked spending patterns, supporting individual financial management.
Who are the top competitors of Spiir?
Spiir's top competitors include Horizonbudget, Softurion and InvoicePero.
What products or services does Spiir offer?
Spiir offers Spiir App and Challenges Feature.
Who are Spiir's investors?
Spiir has 2 investors. Key investors include Danske Bank, and DNB.
What is Spiir's valuation?
The valuation of Spiir is $109.81M as of Apr 2021.