About Spritz
Spritz is a company based in Salt Lake City (United States) founded in 2012. It operates as a SaaS (Software-as-a-Service) and Freemium. Spritz has raised $8.02 million across 5 funding rounds from investors including Denis O'Brien. Spritz offers products and services including Spritz App. Spritz operates in a competitive market with competitors including Reading Plus, Lexia Learning, StudySync, Headsprout and CommonLit, among others.
- Headquarter Salt Lake City, United States
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Sectors
Education
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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
$8.02 M (USD)
in 5 rounds
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Latest Funding Round
$100 K (USD), Seed
Oct 19, 2016
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Investors
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Employee Count
Employee Count
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Products & Services of Spritz
Spritz offers a comprehensive portfolio of products and services, including Spritz App.
Speed reading app enhances comprehension and reading efficiency.
Funding Insights of Spritz
Spritz has successfully raised a total of $8.02M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $100 thousand completed in October 2016. 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 5
- Last Round Seed — $100,000
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First Round
First Round
(07 Mar 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2016 | Amount | Seed - Spritz | Valuation |
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| Oct, 2016 | Amount | Seed - Spritz | Valuation |
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| Aug, 2015 | Amount | Seed - Spritz | Valuation |
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Investors in Spritz
Spritz has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Denis O'Brien.
| Investor | Description | Founded Year | Domain | Location |
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DO
Denis O'Brien |
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Founded Year | Domain | Location |
Investments & Acquisitions by Spritz
Financial Statements - Spritz
Spritz Comparisons
Competitors of Spritz
Spritz 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 Reading Plus, Lexia Learning, StudySync, Headsprout and CommonLit, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Reading skills are developed for K-12 students through online intervention.
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Personalized learning and assessment for reading skills are offered.
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| domain | founded_year | HQ Location |
Web-based curriculum for English literacy and skills development is provided.
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Online adaptive reading proficiency solutions are provided for students.
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Curated reading materials are provided for literacy in grades 5-12.
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Latest news on Spritz
Frequently Asked Questions about Spritz
Spritz was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Spritz is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Spritz is a funded company, having raised a total of $8.02M across 5 funding rounds to date. The company's 1st funding round was a Seed of $735K, raised on Mar 07, 2014.
Spritz is known for creating a speed reading app that enhances reading efficiency and comprehension. The application is designed to display content one word at a time, focusing on a key letter to aid quick recognition and processing by the brain. It serves various sectors including education and personal development, offering solutions for faster reading on mobile and desktop platforms. Users are supported in achieving higher reading speeds, up to 1000 words per minute, with improved retention levels.
Spritz's top competitors include Reading Plus, Lexia Learning and CommonLit.
Spritz offers Spritz App.
Spritz has 1 investor. Key investors include Denis O'Brien.