About Springworks
Springworks is a company based in Stockholm (Sweden) founded in 2007 was acquired by Tantalum in November 2018. Springworks offers products and services including SPARK Platform, SPARK App API, and SPARK Core. Springworks operates in a competitive market with competitors including Wireless Car, Postrack Europe and Connected Car Experience, among others.
- Headquarter Stockholm, Sweden
- SectorsTransportation, Automotive & Logistics
- Website springworks.se
- Social LinkedIn X Facebook
- Acquired by Tantalum (Nov 2018)
- InvestorsTelia Company
& 1 more
- Acquired byTantalum
(Nov 2018)
Products & Services of Springworks
Springworks offers a comprehensive portfolio of products and services, including SPARK Platform, SPARK App API, and SPARK Core.
Enables secure and efficient connected car services for companies
Facilitates app integrations for connected car functionalities
Provides foundational tools for connected car data processing
Funding Insights of Springworks
- Total Rounds 2
- Investors Count 1
All 2 funding rounds of Springworks 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 | – | Private Equity Round | – | – | |
| Aug 2010 | – | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Springworks
Springworks has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Telia Company and Tantalum.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Integrated telecom and TV services are offered to Swedish customers. | 1853 | teliacompany.com | Solna, Sweden | |
Connected vehicle technologies for fleet management and recovery are provided. | 2013 | tantalumcorporation.com | Uxbridge, United Kingdom |
Investor details for Springworks
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 Springworks
4 dated milestones of Springworks across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Springworks is founded.
- Funding First funding round.
- Funding Latest funding round, Private Equity Round,.
- Exit Acquired by Tantalum.
Competitors of Springworks
Springworks 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 Wireless Car, Postrack Europe and Connected Car Experience, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wirelesscar.com | 1999 | Gothenburg, Sweden | – | – | A premier global telematics service provider for automotive OEMs | |
| postrackeurope.com | 2008 | Vasteras, Sweden | – | – | Platform for tracking and managing fleets in logistics and recycling sectors. | |
| connectedcarexperience.com | 2016 | Stockholm, Sweden | – | – | Delivers connected car solutions tailored for automotive OEMs. |
Detailed competitors of Springworks
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Springworks
Websites that share an audience with Springworks (springworks.se).
Websites whose visitors overlap most with Springworks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| workflowy.com | 100% | 1.8M | #35,072 | View details | |
| spray.se | 93% | 2.8K | #7,754,844 | View details |
Latest news on Springworks
Complete news archive for Springworks
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Springworks
10 companies that operate in the same segment as Springworks (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about Springworks
Springworks was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Springworks is headquartered in Stockholm, Sweden.
Springworks is a technology company specializing in M2M and mobile solutions for vehicles. They offer an M2M platform for motor vehicles that was developed as part of the Volvo On Call project. They also offer fleet management solutions for industry. Using an OBD based device (uploads driving data to the cloud) that allows fleet operators to monitor fuel costs and other driving parameters and provide analytics as well. A consumer version for better driving is being planned as well.
Springworks's top competitors include Wireless Car, Postrack Europe and Connected Car Experience.
Springworks offers SPARK Platform, SPARK App API, and SPARK Core.
Springworks has 2 investors. Key investors include Telia Company, and Tantalum.
Yes. Springworks was acquired by Tantalum in November 2018.