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. 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.
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 |
investors |
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| Oct, 2016 | Amount | Seed - Spritz | Valuation |
investors |
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| Aug, 2015 | Amount | Seed - Spritz | Valuation |
investors |
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| 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 Spritz
Spritz has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Denis O'Brien. 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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DO
Denis O'Brien |
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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 Spritz
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
Financial Statements - Spritz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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. 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 |
Reading skills are developed for K-12 students through online intervention.
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Online adaptive reading proficiency solutions are provided for students.
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| domain | founded_year | HQ Location |
Curated reading materials are provided for literacy in grades 5-12.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Spritz
When was Spritz founded?
Spritz was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Spritz located?
Spritz is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Spritz a funded company?
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.
What does Spritz do?
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.
Who are the top competitors of Spritz?
Spritz's top competitors include Reading Plus, Lexia Learning and CommonLit.
What products or services does Spritz offer?
Spritz offers Spritz App.
Who are Spritz's investors?
Spritz has 1 investor. Key investors include Denis O'Brien.
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