About Spondoolies Tech
Spondoolies Tech is a Technology company based in Tel Aviv (Israel) founded in 2013, and was acquired by Blockstream in August 2021. Bitcoin mining hardware and cloud contracts are provided for users. It operates in the Technology and Financial Services sectors. Spondoolies Tech has raised $12 million across 3 funding rounds from investors including Blockstream, BTCS and BRM. The company was acqui-hired. Its focus areas include FinTech, Cryptocurrencies, Mining and Hardware.
Company details
Spondoolies Tech was founded in 2013 in Tel Aviv, Israel, focusing on the cryptocurrency mining sector. Hardware such as ASICs is built for private and commercial applications, while mining services are hosted on a cloud platform. Funds were raised from investors including Agile Wings, BRM Group, and Genesis Partners. Plans for 28nm and 16nm ASICs were announced, with a merger completed in 2015 alongside BTCS.
- Headquarters Tel Aviv, Israel
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Website spondoolies-tech.com
- Social LinkedIn X Facebook
- Acquired by Blockstream (Aug 2021)
- Total Equity Funding$12M (USD)
in 3 rounds
- Latest Funding Round$1.5M (USD), Series B
May 2015
- InvestorsBlockstream
& 3 more
- Acquired by
Funding Insights of Spondoolies Tech
Spondoolies Tech has successfully raised a total of $12M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $1.5 million completed in May 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 $12M
- Total Rounds 3
- Last Round Series B — $1.5M
- First Round $5.5M
(Jun 2014)
- Investors Count 3
All 3 funding rounds of Spondoolies Tech 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 |
|---|---|---|---|---|---|
| May 2015 | $1.5M | Series B | – | – | |
| Oct 2014 | $5M | Series B | – | – | |
| Jun 2014 | $5.5M | Series B | – | – |
4 investors in total: 4 institutional.
Investors in Spondoolies Tech
Spondoolies Tech has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Blockstream, BTCS and BRM.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and technology solutions are provided by BRM Group. | brm.com | Tel Aviv, Israel | ||
Early stage VC Firm investing in Israel and the US | genesispartners.com | Herzliya, Israel | ||
Blockchain and cryptocurrency assets are invested in by BTCS. | 2013 | btcs.com | Silver Spring, United States | |
Blockchain-based platform is developed for crypto-financial infrastructure. | 2014 | blockstream.com | Montreal, Canada |
Investor details for Spondoolies Tech
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.
Timeline of Spondoolies Tech
5 dated milestones of Spondoolies Tech across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Spondoolies Tech is founded.
- Funding First funding round of $5.5M.
- Funding Latest funding round, Series B, of $1.5M.
- Exit Acquired by BTCS.
- Exit Acquired by Blockstream.
Web traffic of Spondoolies Tech
Websites that share an audience with Spondoolies Tech (spondoolies-tech.com).
Websites whose visitors overlap most with Spondoolies Tech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
virtualminingcorp.com | virtualminingcorp.com | 100% | – | ||
| tradeblock.com | 98% | 1.3K | #10,883,422 | View details | |
bitmaintech.com | bitmaintech.com | 92% | – | ||
| kncminer.com | 92% | View details | |||
| gawminers.com | 91% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Spondoolies Tech
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 13 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Spondoolies Tech
Spondoolies Tech was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Spondoolies Tech is headquartered in Tel Aviv, Israel.
Spondoolies Tech is a funded company, having raised a total of $12M across 3 funding rounds to date. The company's 1st funding round was a Series B of $5.5M, raised on Jun 2014.
Spondoolies Tech was founded in 2013 in Tel Aviv, Israel, focusing on the cryptocurrency mining sector. Hardware such as ASICs is built for private and commercial applications, while mining services are hosted on a cloud platform. Funds were raised from investors including Agile Wings, BRM Group, and Genesis Partners. Plans for 28nm and 16nm ASICs were announced, with a merger completed in 2015 alongside BTCS.
Spondoolies Tech has 4 investors. Key investors include Blockstream, BTCS, BRM, and Genesis Partners.
Yes. Spondoolies Tech was acquired by Blockstream in August 2021.