About SpringBig
SpringBig is a company based in West Palm Beach (United States) founded in 2012.. SpringBig has raised $25.79 million across 4 funding rounds from investors including TVC Capital, KEY Investment Partners and Argonautic. SpringBig has completed 2 acquisitions, including BudTender and Vice CRM. SpringBig offers products and services including SMS Marketing, Email Marketing, Push Notifications, Subscriptions Service, and Budz Referral Program. SpringBig operates in a competitive market with competitors including Fyllo, YOOMA, Happy Cabbage Analytics, Terrayn and Casters Holdings, among others.
- Headquarter West Palm Beach, United States
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.79 M (USD)
in 4 rounds
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Latest Funding Round
$8 M (USD), Series C
Jan 23, 2024
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Investors
TVC Capital
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
BudTender
& 1 more
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Products & Services of SpringBig
SpringBig offers a comprehensive portfolio of products and services, including SMS Marketing, Email Marketing, Push Notifications, Subscriptions Service, and Budz Referral Program. 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.
Sends personalized messages to customers for targeted advertising.
Creates dynamic emails to engage and retain customers.
Delivers app-based alerts for real-time marketing campaigns.
Offers customized paid subscriptions for loyalty rewards.
Generates trackable links for customer referrals and rewards.
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Funding Insights of SpringBig
SpringBig has successfully raised a total of $25.79M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $8 million completed in January 2024. 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 4
- Last Round Series C — $8.0M
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First Round
First Round
(19 Dec 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series C - SpringBig | Valuation |
investors |
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| Feb, 2021 | Amount | Series B - SpringBig | Valuation |
investors |
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| Aug, 2020 | Amount | Series B - SpringBig | Valuation | TVC Capital |
| 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 SpringBig
SpringBig has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include TVC Capital, KEY Investment Partners and Argonautic. 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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Growth equity investments are made in B2B software companies by TVC Capital.
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Founded Year | Domain | Location | |
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Venture capital investments are managed by KEY Investment Partners.
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Founded Year | Domain | Location | |
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Venture capital investments are made in cannabis technology sectors.
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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 SpringBig
SpringBig has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BudTender and Vice CRM. 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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It provides text messaging and mobile marketing solutions
|
2024 | ||||
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Post-purchase feedback is surveyed and analyzed for cannabis retailers.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SpringBig
| 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 |
Springbig Comparisons
Competitors of SpringBig
SpringBig 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 Fyllo, YOOMA, Happy Cabbage Analytics, Terrayn and Casters Holdings, 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 |
Online marketing platform for cannabis brands and products is provided.
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| domain | founded_year | HQ Location |
Delivers digital marketing solutions for cannabis health product brands.
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| domain | founded_year | HQ Location |
Marketing and data analytics solutions are offered for cannabis businesses.
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| domain | founded_year | HQ Location |
Provider of marketing solutions for cannabis dispensaries
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| domain | founded_year | HQ Location |
Cannabis marketing platform is provided using AI for data analysis.
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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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Latest news on Springbig
Frequently Asked Questions about SpringBig
When was SpringBig founded?
SpringBig was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is SpringBig located?
SpringBig is headquartered in West Palm Beach, United States. It is registered at West Palm Beach, Florida, United States.
Is SpringBig a funded company?
SpringBig is a funded company, having raised a total of $25.79M across 4 funding rounds to date. The company's 1st funding round was a Series B of $11.5M, raised on Dec 19, 2018.
What does SpringBig do?
SpringBig was founded in 2012 and is based in West Palm Beach, United States. Loyalty and marketing solutions are delivered to cannabis dispensaries in the retail sector. Customer loyalty programs are implemented, rewards for purchases are distributed, SMS marketing campaigns are scheduled and executed, customer data is segmented and managed, and churn insights are extracted from available data. Operations focus on customer engagement and retention through these integrated features.
Who are the top competitors of SpringBig?
SpringBig's top competitors include Happy Cabbage Analytics, Fyllo and Terrayn.
What products or services does SpringBig offer?
SpringBig offers SMS Marketing, Email Marketing, Push Notifications, Subscriptions Service, and Budz Referral Program.
How many acquisitions has SpringBig made?
Who are SpringBig's investors?
SpringBig has 5 investors. Key investors include TVC Capital, KEY Investment Partners, Argonautic, HALLEY Venture Partners, and Altitude Investment Management.