About Spondoolies Tech
Spondoolies Tech is a company based in Tel Aviv (Israel) founded in 2013 was acquired by Blockstream in August 2021.. Spondoolies Tech has raised $12 million across 3 funding rounds from investors including Blockstream, BTCS and BRM.
- Headquarter Tel Aviv, Israel
-
Sectors
TechnologyFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$12 M (USD)
in 3 rounds
-
Latest Funding Round
$1.5 M (USD), Series B
May 18, 2015
-
Investors
Blockstream
& 3 more
-
Employee Count
Employee Count
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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 Total Funding
- Total Rounds 3
- Last Round Series B — $1.5M
-
First Round
First Round
(01 Jun 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Series B - Spondoolies Tech | Valuation |
investors |
|
| Oct, 2014 | Amount | Series B - Spondoolies Tech | Valuation |
investors |
|
| Jun, 2014 | Amount | Series B - Spondoolies Tech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Investment and technology solutions are provided by BRM Group.
|
Founded Year | Domain | Location | |
|
Early stage VC Firm investing in Israel and the US
|
Founded Year | Domain | Location | |
|
Blockchain and cryptocurrency assets are invested in by BTCS.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Spondoolies Tech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Spondoolies Tech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spondoolies Tech Comparisons
Competitors of Spondoolies Tech
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Spondoolies Tech
When was Spondoolies Tech founded?
Spondoolies Tech was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Spondoolies Tech located?
Spondoolies Tech is headquartered in Tel Aviv, Israel.
Is Spondoolies Tech a funded company?
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 01, 2014.
What does Spondoolies Tech do?
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.
Who are Spondoolies Tech's investors?
Spondoolies Tech has 4 investors. Key investors include Blockstream, BTCS, BRM, and Genesis Partners.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.