About Spruce
Spruce is a company based in Austin (United States) founded in 2015 by Ben Johnson. It operates as a On-Demand Services and Two-Sided Marketplace. Spruce has raised $39 million across 4 funding rounds from investors including SoftBank, Sweat Equity Partners and Mercury Fund. Spruce has completed 1 acquisition, including The Minte. Spruce offers products and services including Housekeeping, Chores, and Turnover Management. Spruce operates in a competitive market with competitors including Thumbtack, Urban Company, Amenify, Schedulicity and Hidrent, among others.
- Headquarter Austin, United States
- Founders Ben Johnson
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Sectors
Business Services
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Email
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Website
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Social
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- Legal Name Spruce Services, Inc.
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Products & Services of Spruce
Spruce offers a comprehensive portfolio of products and services, including Housekeeping, Chores, and Turnover Management.
Whole-house cleans and single room requests are provided.
Small tasks like laundry and organizing are handled.
Full-service turnover management for rental properties is offered.
People of Spruce
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Senior Team
2 people
Leadership Team
1 people
Operations Team
1 people
Board Team
1 people
Chairman Team
1 people
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Funding Insights of Spruce
Spruce has successfully raised a total of $39M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $26 million completed in July 2022. 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 9 investors, including venture fund and institutional investors. Prominent investors backing the company include SoftBank, Sweat Equity Partners and Mercury Fund.
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Early-stage investments are directed toward US, India, and Canada firms.
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Investor details for Spruce
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Investments & Acquisitions by Spruce
Spruce has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include The Minte.
Investment portfolio details for Spruce
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Housekeeping and cleaning services for residential properties are offered.
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Complete acquisition 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 Thumbtack, Urban Company, Amenify, Schedulicity and Hidrent, among others.
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App based platform to connect users with local service professionals
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Customers are connected with vetted professionals for on-demand home services.
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Provider of housekeeping services for multi-family apartments
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Local services are booked via an online scheduling platform.
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Local services marketplace connects users with professionals online.
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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 2015 and raised its 1st funding round 3 years after it was founded.
Spruce is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Spruce is a funded company, having raised a total of $39M across 4 funding rounds to date.
Spruce is involved in offering on-demand home services through a mobile app. Services such as housekeeping, small chores, and turnover management for rental properties are provided. The company connects residents, property managers, and service professionals within high-end communities. Background-checked and insured professionals are utilized to ensure trust and quality. Operations are focused on enhancing resident satisfaction and supporting property renewal rates.
Spruce's top competitors include Urban Company, Thumbtack and Schedulicity.
Spruce offers Housekeeping, Chores, and Turnover Management.
Spruce has made 1 acquisition, including The Minte.
Spruce has 9 investors. Key investors include SoftBank, Sweat Equity Partners, Mercury Fund, Fitz Gate Ventures, and Seamless.