About SPRX
SPRX is a company based in Wilmington (United States) founded in 2020 by Mark Andrus and Dominic Vitucci.. SPRX has raised $500 thousand across 1 funding round from investors including Y Combinator. SPRX offers products and services including R&D Credit Software, 179D Deduction Software, and Cost Segregation Software. SPRX operates in a competitive market with competitors including ARQUIMEA INGENIERIA, Claimer, neo.tax, Clarus R+D and Mogara, among others.
- Headquarter Wilmington, United States
- Founders Mark Andrus, Dominic Vitucci
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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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Social
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- Legal Name Sprx Technologies, 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
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of SPRX
SPRX offers a comprehensive portfolio of products and services, including R&D Credit Software, 179D Deduction Software, and Cost Segregation Software. 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.
AI tool for identifying and processing R&D tax credit claims.
Platform for simplifying energy efficiency tax deductions.
Tool to accelerate depreciation for commercial properties.
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Funding Insights of SPRX
SPRX has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2023. 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 — $500,000
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First Round
First Round
(01 Jun 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Seed - SPRX | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 SPRX
SPRX has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 SPRX
| 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 - SPRX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Sprx Comparisons
Competitors of SPRX
SPRX 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 ARQUIMEA INGENIERIA, Claimer, neo.tax, Clarus R+D and Mogara, 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 |
Provider of engineering, manufacturing, and research and development services to industries
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| domain | founded_year | HQ Location |
R&D tax credits management software for businesses
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| domain | founded_year | HQ Location |
Provider of AI software automating R&D tax credit and software capitalization
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| domain | founded_year | HQ Location |
R&D tax credit management software is developed for businesses.
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| domain | founded_year | HQ Location |
Tax management software is provided for automating business R&D expenses.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about SPRX
When was SPRX founded?
SPRX was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is SPRX located?
SPRX is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Who is the current CEO of SPRX?
Dominic Vitucci is the current CEO of SPRX. They have also founded this company.
Is SPRX a funded company?
SPRX is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2023.
What does SPRX do?
SPRX was founded in 2020 and is headquartered in Wilmington, United States. Software solutions for RD tax credits are offered to businesses in the tax services sector. Data from accounting software is loaded, and AI is utilized to predict and validate tax information. Reports, costing schedules, and federal and state tax forms are generated. Necessary documents, including employee wage data and project lists, are uploaded by clients for processing.
Who are the top competitors of SPRX?
SPRX's top competitors include ARQUIMEA INGENIERIA, Claimer and neo.tax.
What products or services does SPRX offer?
SPRX offers R&D Credit Software, 179D Deduction Software, and Cost Segregation Software.
Who are SPRX's investors?
SPRX has 1 investor. Key investors include Y Combinator.
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