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
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Sectors
TechnologyFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$12 M (USD)
in 3 rounds
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Latest Funding Round
$1.5 M (USD), Series B
May 18, 2015
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Investors
Blockstream
& 3 more
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Employee Count
Not available
- Acquired by
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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.
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 |
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Investment and technology solutions are provided by BRM Group.
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Early stage VC Firm investing in Israel and the US
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Blockchain and cryptocurrency assets are invested in by BTCS.
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Locked | Locked | Locked |
Investor details for Spondoolies Tech
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Investments & Acquisitions by Spondoolies Tech
Investment portfolio details for Spondoolies Tech
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Financial Statements - Spondoolies Tech
Detailed financials for Spondoolies Tech
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Spondoolies Tech Comparisons
Peer comparison for Spondoolies Tech
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Competitors of Spondoolies Tech
Detailed competitors of Spondoolies Tech
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Latest news on Spondoolies Tech
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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.
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.