About Spruce Energy
Spruce Energy is a company based in London (United Kingdom) founded in 2023 by Joseph Saxby.. Spruce Energy has raised $1.13 million across 1 funding round. Spruce Energy offers products and services including Enquiry Tool, Quote Tool, Survey Tool, and Paperwork Tool. Spruce Energy operates in a competitive market with competitors including Payzer, Bluon, Climapulse, Fixable and Pureblu, among others.
- Headquarter London, United Kingdom
- Founders Joseph Saxby
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Sectors
Technology
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Email
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Phone
*********
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Website
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- Legal Name Spruce Energy Limited
- Date of Incorporation 20 Mar, 2023
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.13 M (USD)
in 1 rounds
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Latest Funding Round
$1.13 M (USD), Seed
Apr 24, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Spruce Energy
Spruce Energy offers a comprehensive portfolio of products and services, including Enquiry Tool, Quote Tool, Survey Tool, and Paperwork Tool. 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.
Manages heat pump enquiries and filters serious leads efficiently
Generates professional proposals and estimates quickly
Conducts heat loss surveys and creates system designs rapidly
Automates MCS documentation and handover packs
Funding Insights of Spruce Energy
Spruce Energy has successfully raised a total of $1.13M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.13 million completed in April 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 1
- Last Round Seed — $1.1M
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First Round
First Round
(24 Apr 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Spruce Energy | 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 |
Investments & Acquisitions by Spruce Energy
| 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 - Spruce Energy
| 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 |
Spruce Energy Comparisons
Competitors of Spruce Energy
Spruce Energy 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 Payzer, Bluon, Climapulse, Fixable and Pureblu, 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 |
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| domain | founded_year | HQ Location |
SaaS-based payment solutions are provided for business financial management.
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| domain | founded_year | HQ Location |
App-based management solutions for HVAC technicians are provided.
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| domain | founded_year | HQ Location |
Business management software for HVAC industries is provided.
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| domain | founded_year | HQ Location |
AI and SaaS solutions for HVAC business management are provided.
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| domain | founded_year | HQ Location |
Mobile-first helpdesk applications are offered for HVAC industries.
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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 Spruce Energy
When was Spruce Energy founded?
Spruce Energy was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Spruce Energy located?
Spruce Energy is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Spruce Energy a funded company?
Spruce Energy is a funded company, having raised a total of $1.13M across 1 funding round to date. The company's 1st funding round was a Seed of $1.13M, raised on Apr 24, 2024.
What does Spruce Energy do?
Spruce Energy was founded in 2023 in London, United Kingdom. Software solutions are offered to heat pump installers in the renewable energy sector, focusing on tools for generating heat loss data and estimating installation costs. Operations include CRM systems, enquiry review processes, and estimation functionalities to support service providers in managing client interactions and project assessments.
Who are the top competitors of Spruce Energy?
Spruce Energy's top competitors include Payzer, Bluon and Climapulse.
What products or services does Spruce Energy offer?
Spruce Energy offers Enquiry Tool, Quote Tool, Survey Tool, and Paperwork Tool.