About Spindle
Spindle is a company based in Boston (United States) founded in 2010 was acquired by Twitter in June 2013.. Spindle has raised $1.5 million across 6 funding rounds from investors including Lerer Hippeau, Atlas Venture and Polaris Partners. The company has 2 employees as of December 31, 2017. Spindle has completed 3 acquisitions, including CoverCake, Yowza and Yowza Merchant. Spindle operates in a competitive market with competitors including About.me, Rockmelt, Vizify, Snaptu and Easypeek, among others.
- Headquarter Boston, United States
- Employees 2 as on 31 Dec, 2017
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spindle, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.5 M (USD)
in 6 rounds
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Latest Funding Round
$1.24 M (USD), Post-IPO
Jun 23, 2016
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Investors
Lerer Hippeau
& 7 more
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Employee Count
2
as on Dec 31, 2017
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Investments & Acquisitions
CoverCake
& 2 more
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Acquired by
Twitter
(Jun 19, 2013)
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Funding Insights of Spindle
Spindle has successfully raised a total of $1.5M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.24 million completed in June 2016. 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 6
- Last Round Post-IPO — $1.2M
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First Round
First Round
(26 May 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Post-IPO - Spindle | Valuation |
investors |
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| Jun, 2015 | Amount | Post-IPO - Spindle | Valuation |
investors |
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| Apr, 2015 | Amount | Post-IPO - Spindle | Valuation |
investors |
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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 Spindle
Spindle has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Lerer Hippeau, Atlas Venture and Polaris 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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US focused venture capital firm
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Early-stage investments are provided to transformative technology companies.
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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 Spindle
Spindle has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CoverCake, Yowza and Yowza Merchant. 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
|
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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Limited information available
|
2010 | ||||
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Local deals and coupons are delivered via a mobile app.
|
2009 | ||||
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Cloud-based point-of-sale platforms are offered to merchants.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Spindle
| 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 |
Spindle Comparisons
Competitors of Spindle
Spindle 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 About.me, Rockmelt, Vizify, Snaptu and Easypeek, 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 |
Multiple online identities are linked via personal web hosting platform.
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| domain | founded_year | HQ Location |
A social media web browser was developed by Rockmelt.
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| domain | founded_year | HQ Location |
Content from social media is aggregated into graphical biographies.
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| domain | founded_year | HQ Location |
Social media platforms are aggregated for unified user access.
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| domain | founded_year | HQ Location |
App for monitoring friends' likes, comments, and Instagram actions in real time.
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| domain | founded_year | HQ Location |
Mobile app providing templates for creating animated stories and videos.
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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 Spindle
When was Spindle founded?
Spindle was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Spindle located?
Spindle is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Spindle a funded company?
Spindle is a funded company, having raised a total of $1.5M across 6 funding rounds to date. The company's 1st funding round was a Post-IPO of $100K, raised on May 26, 2011.
How many employees does Spindle have?
As of Dec 31, 2017, the latest employee count at Spindle is 2.
What does Spindle do?
Spindle was founded in 2010 in Boston, United States, as a developer of photo editing applications. A geo-restricted real-time stream is operated through a mobile app, where content from Facebook and Twitter is aggregated. Users are enabled to access posts relevant to nearby shops, restaurants, bars, event venues, museums, art galleries, parks, and other organizations in the social media aggregation sector.
Who are the top competitors of Spindle?
How many acquisitions has Spindle made?
Spindle has made 3 acquisitions, including CoverCake, Yowza, and Yowza Merchant.
Who are Spindle's investors?
Spindle has 8 investors. Key investors include Lerer Hippeau, Atlas Venture, Polaris Partners, Greylock Partners, and SV Angel.
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