About Spruce Health
Spruce Health is a company based in San Francisco (United States) founded in 2013 by Ray Bradford.. Spruce Health has raised $17 million across 2 funding rounds from investors including Kleiner Perkins, Cowboy Ventures and Baseline Ventures. Spruce Health offers products and services including Secure Messaging, Video Visits, E-Fax, and Phone Services. Spruce Health operates in a competitive market with competitors including Aaron.ai, CareXM, OhMD, Peerlogic and CaredFor, among others.
- Headquarter San Francisco, United States
- Founders Ray Bradford
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Spruce Health, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series A
Apr 07, 2015
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Investors
Kleiner Perkins
& 3 more
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Employee Count
Employee Count
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Products & Services of Spruce Health
Spruce Health offers a comprehensive portfolio of products and services, including Secure Messaging, Video Visits, E-Fax, and Phone Services. 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.
Enables HIPAA-compliant text and file sharing for healthcare providers and patients.
Facilitates secure virtual consultations between doctors and patients.
Allows secure sending and receiving of faxes for medical records.
Offers two-way texting and voicemail for healthcare interactions.
Unlock access to complete
Funding Insights of Spruce Health
Spruce Health has successfully raised a total of $17M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in April 2015. 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 2
- Last Round Series A — $15.0M
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First Round
First Round
(25 Sep 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Series A - Spruce Health | Valuation | Cowboy Ventures , Baseline Ventures |
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| Sep, 2014 | Amount | Seed - Spruce Health | Valuation | Kleiner Perkins |
| 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 Spruce Health
Spruce Health has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Kleiner Perkins, Cowboy Ventures and Baseline Ventures. 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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US focused Seed and early-stage stage VC firm
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Founded Year | Domain | Location | |
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Seed and early-stage investments are focused on US tech companies.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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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 Spruce Health
| 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 Health
| 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 Health Comparisons
Competitors of Spruce Health
Spruce Health 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 Aaron.ai, CareXM, OhMD, Peerlogic and CaredFor, 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 |
Provider of AI-based speech recognition and natural language steering for Telephony
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| domain | founded_year | HQ Location |
Provider of clinical communication and medical answering services for a healthcare organisations
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| domain | founded_year | HQ Location |
Texting with doctors is enabled via a mobile app.
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| domain | founded_year | HQ Location |
Cloud-based unified communication software provider
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| domain | founded_year | HQ Location |
Digital patient engagement tools are provided to healthcare providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Spruce Health
Frequently Asked Questions about Spruce Health
When was Spruce Health founded?
Spruce Health was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Spruce Health located?
Spruce Health is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Spruce Health?
Ray Bradford is the current CEO of Spruce Health. They have also founded this company.
Is Spruce Health a funded company?
Spruce Health is a funded company, having raised a total of $17M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Sep 25, 2014.
What does Spruce Health do?
Spruce Health was founded in 2013 in San Francisco, United States, within the healthcare sector. Mobile care management solutions are provided for remote diagnosis and treatment. Operations focus on telemedicine services, starting with acne management delivered by board-certified dermatologists. The company serves patients across the United States through its digital platform.
Who are the top competitors of Spruce Health?
What products or services does Spruce Health offer?
Spruce Health offers Secure Messaging, Video Visits, E-Fax, and Phone Services.
Who are Spruce Health's investors?
Spruce Health has 4 investors. Key investors include Kleiner Perkins, Cowboy Ventures, Baseline Ventures, and Google Ventures.