About Spruce
Spruce is a company based in Denver (United States) founded in 2014.. Spruce has raised $120 thousand across 2 funding rounds. Spruce operates in a competitive market with competitors including Stitch Fix, Cladwell, Trunk Club, Allume and Glamhive, among others.
- Headquarter Denver, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Funding Insights of Spruce
Spruce has successfully raised a total of $120K across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(13 Jun 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Seed - Spruce | Valuation |
investors |
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| Jun, 2016 | Amount | Debt – Conventional - Spruce | 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
| 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
| 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 Comparisons
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 Stitch Fix, Cladwell, Trunk Club, Allume and Glamhive, 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 |
Personalized fashion recommendations are offered via an online stylist platform.
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| domain | founded_year | HQ Location |
Personal styling and shopping recommendations are delivered through an app.
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| domain | founded_year | HQ Location |
Personalized clothing styling services are provided via subscription model.
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| domain | founded_year | HQ Location |
Personal stylist services are offered via an online platform.
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| domain | founded_year | HQ Location |
User-generated content is fused with e-commerce on a social platform.
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| domain | founded_year | HQ Location |
App for wardrobe organization, AI outfit suggestions, and mindful fashion tracking.
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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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Frequently Asked Questions about Spruce
When was Spruce founded?
Spruce was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Spruce located?
Spruce is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is Spruce a funded company?
Spruce is a funded company, having raised a total of $120K across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jun 13, 2016.
What does Spruce do?
Spruce is a premier barber clothier for men. It offers mens apparel, accessories, and personal healthgrooming products. It is menswear boutique and style consultancy with an in-store barbershop - built into the concept. It has been voted the Best Mens Clothing in the Denver area for 2016. The users have to book an appointment and fill the style profile. Spruces consultant prepare recommendation look before the arrival of the user to the store. It is selected in Class of Techstars Retail 2016, in Partnership with Target in Minneapolis.
Who are the top competitors of Spruce?
Spruce's top competitors include Stitch Fix, Cladwell and Trunk Club.