About Spruce
Spruce is a company based in New York (United States) founded in 2016 was acquired by Zillow Group in August 2023. It operates as a Professional Services. Spruce has raised $109.08 million across 4 funding rounds from investors including Zillow Group, Bessemer Venture Partners and Omidyar Network. The company has 169 employees as of December 31, 2022. Spruce offers products and services including Real Estate Closing Services. Spruce operates in a competitive market with competitors including Qualia, Snapdocs, Doma, JetClosing and Expetitle, among others.
- Headquarter New York, United States
- Employees 169 as on 31 Dec, 2022
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Sectors
Real Estate & ConstructionFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Zillow Closing Services Holdco, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$109.08 M (USD)
in 4 rounds
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Latest Funding Round
$60 M (USD), Series C
Jun 02, 2021
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Investors
Zillow Group
& 7 more
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Employee Count
169
as on Dec 31, 2022
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Acquired by
Zillow Group
(Aug 10, 2023)
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Products & Services of Spruce
Spruce offers a comprehensive portfolio of products and services, including Real Estate Closing Services.
Services for closing real estate transactions are provided.
People of Spruce
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Operations Team
3 people
Board Team
1 people
Funding Team
1 people
Software Development Team
1 people
Post Team
1 people
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Funding Insights of Spruce
Spruce has successfully raised a total of $109.08M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in June 2021. 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 Spruce
Spruce has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Zillow Group, Bessemer Venture Partners and Omidyar Network.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on multiple sectors
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Early-stage venture capital investments are focused on US companies.
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Investor details for Spruce
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Investments & Acquisitions by Spruce
Investment portfolio details for Spruce
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Financial Statements - Spruce
Detailed financials for Spruce
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Spruce Comparisons
Peer comparison for Spruce
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Competitors of Spruce
Spruce 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 Qualia, Snapdocs, Doma, JetClosing and Expetitle, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Qualia is recognized as a leading digital real estate closing platform.
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SaaS title settlement solutions are delivered to real estate professionals.
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Title settlement solutions are delivered to real estate professionals.
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Offers a cloud-based title management solution for real estate transactions.
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Title and closing services for real estate are provided.
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Detailed competitors of Spruce
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Latest news on Spruce
Complete news archive for Spruce
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Frequently Asked Questions about Spruce
Spruce was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Spruce is headquartered in New York, United States. It is registered at New York, New York, United States.
Spruce is a funded company, having raised a total of $109.08M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Spruce is 169.
Spruce, a Zillow Group company, is focused on delivering fast, frictionless, and secure real estate closing services across the United States. Transactions worth over 20 billion are represented by the company nationwide. Services are provided to real estate agents, buyers, sellers, lenders, attorneys, and other partners. Cutting-edge technology is utilized to ensure transparency and communication throughout the closing process. Support is extended to all parties involved to create a seamless and stress-free experience from contract to close.
Spruce offers Real Estate Closing Services.
Spruce has 8 investors. Key investors include Zillow Group, Bessemer Venture Partners, Omidyar Network, Zigg Capital, and Scale Venture Partners.