Sproxil

Cambridge, United States Founded: 2009 • Age: 17 yrs
Mobile technology is deployed to authenticate products against counterfeits.
Annual revenue $2.1M Latest available
Total funding $3.1M 4 rounds
Employees 25 Tracked headcount
Investors 2 Known backers
Products 5 Services tracked
Competitors 10 Brand Intelligence

About Sproxil

Sproxil is a company based in Cambridge (United States) founded in 2009. Sproxil has raised $3.1 million across 4 funding rounds from investors including Acumen and MassChallenge. The company has 25 employees as of April 07, 2024. Sproxil offers products and services including Sproxil Survey, Sproxil Informer, Sproxil Champion, Sproxil Ally, and Sproxil Defender. Sproxil operates in a competitive market with competitors including Digimarc, ScanTrust, SupplyPike, TruTag Technologies and Nexite, among others.

  • Headquarter Cambridge, United States
  • Employees 25 as on 07 Apr, 2024
  • Sectors
    Retail
    Technology Healthcare
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Sproxil Brand Protection Solutions Private Limited
  • Date of Incorporation 22 Jun, 2011
  • Jurisdiction Thane, Maharashtra, India
Operational Areas
Retail → Retail Technology & Automation Unlock Sub-Sector Unlock Segment
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Healthcare → Biotechnology, Genomics & Life Sciences Research Unlock Sub-Sector Unlock Segment
Retail → E-Commerce Technology & Services Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $2.11 M (USD)
    21.13
    as on Mar 31, 2023
  • Net Profit
    $195.46 (USD)
    -99.66
    as on Mar 31, 2023
  • EBITDA
    -$71.48 K (USD)
    -138
    as on Mar 31, 2023
  • Total Equity Funding
    $3.1 M (USD)

    in 4 rounds

  • Latest Funding Round
    $803.96 K (USD), Series A

    Jan 27, 2017

  • Investors
    Acumen

    & 1 more

  • Employee Count
    25

    as on Apr 07, 2024

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Products & Services of Sproxil

Sproxil offers a comprehensive portfolio of products and services, including Sproxil Survey, Sproxil Informer, Sproxil Champion, Sproxil Ally, and Sproxil Defender.

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Captures real-time opinions for market insights and analytics.

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Provides end-to-end visibility to secure and trace products.

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Facilitates reward programs to boost brand visibility and loyalty.

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Rewards partners to strengthen distribution and brand promotion.

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Primary

Protects products using unique codes against fraud and fakes.

People of Sproxil

Headcount 50-200
Employee Profiles 19
Board Members and Advisors 5
Employee Profiles
People
Chinedum Chijioke
Managing Director, Africa
People
Ashifi Gogo
Founder, Director & CEO
People
Olatunde Durowoju (Mba
Director Of Finance
People
Iyaghe Ofunrein
Head Of Technology

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Board Members and Advisors
people
Alden Zecha
Director
people
Sonia Fife
Director
people
Gunther L. Faber
Director
people
Nick Donofrio
Director

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Funding Insights of Sproxil

Sproxil has successfully raised a total of $3.1M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $803.96 thousand completed in January 2017. 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 Sproxil

Sproxil has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Acumen and MassChallenge.

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Venture Fund
Investor Description Founded Year Domain Location
Venture capital fund focused on multiple sectors
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Investor details for Sproxil

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Investments & Acquisitions by Sproxil

Investments
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Investment portfolio details for Sproxil

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Financial Statements - Sproxil

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Detailed financials for Sproxil

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Sproxil Comparisons

Sproxil Primary company
Description
Mobile technology is deployed to authenticate products again...
Location
Cambridge, United States
Founded Year
2009
Annual Revenue
$2.11 M (USD)
Net Profit
$195.46 (USD)
EBITDA
-$71.48 K (USD)
Employees
25
As of 2024
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Peer comparison for Sproxil

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Competitors of Sproxil

Sproxil 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 Digimarc, ScanTrust, SupplyPike, TruTag Technologies and Nexite, among others.

Company Name Domain Founded year HQ Location Description
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Anti-counterfeiting barcode solutions are supplied to brands and retailers.
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Copy-proof QR codes are provided for counterfeiting protection.
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SaaS-based supply chain management software solutions are provided.
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Anti-counterfeiting solutions are offered via microscopic edible barcodes for authentication.
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Provider of product authentication counterfeit labels for offline retailers
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SaaS-enabled solutions for e-commerce operations management are provided.
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Detailed competitors of Sproxil

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Latest news on Sproxil

Xconomy: Sproxil Grabs $1.8M
Xconomy15 years ago
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Complete news archive for Sproxil

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Frequently Asked Questions about Sproxil

Sproxil was founded in 2009 and raised its 1st funding round 1 year after it was founded.

Sproxil is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.

Sproxil is a funded company, having raised a total of $3.1M across 4 funding rounds to date.

As of Apr 07, 2024, the latest employee count at Sproxil is 25.

Annual revenue of Sproxil is $2.11M as on Mar 31, 2023.

Sproxil was founded in 2009 in Cambridge, United States, within the anti-counterfeiting technology sector. Mobile-based verification is facilitated through security labels with scratch-off panels on protected products. Unique codes are exposed at the point of sale and transmitted via SMS or a dedicated app to check authenticity. Confirmation replies are sent to indicate if items are genuine or fake. The app operates on Android and iOS platforms.

Sproxil's top competitors include SupplyPike, Digimarc and VerifyMe.

Sproxil offers Sproxil Survey, Sproxil Informer, Sproxil Champion, Sproxil Ally, and Sproxil Defender.

Sproxil has 2 investors. Key investors include Acumen, and MassChallenge.

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