About Spud
Spud is a company based in Burnaby (Canada) founded in 1997.. Spud has raised $9.3 million across 5 funding rounds from investors including Canadian Space Agency, Walter Capital Partners and Crédit Mutuel Equity. Spud operates in a competitive market with competitors including Fresh City Farms, Viva Naturals, Niva Foods, Desert Lake Gardens and Natural Food Shop, among others.
- Headquarter Burnaby, Canada
- Stage Public
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Sectors
Retail
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Email
***********
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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
$9.3 M (USD)
in 5 rounds
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Latest Funding Round
$3.46 M (USD), Grant
Mar 17, 2022
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Investors
Canadian Space Agency
& 4 more
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Employee Count
Employee Count
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Funding Insights of Spud
Spud has successfully raised a total of $9.3M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $3.46 million completed in March 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $3.5M
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First Round
First Round
(25 Nov 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Grant - Spud | Valuation |
investors |
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| Nov, 2021 | Amount | Post-IPO - Spud | Valuation |
investors |
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| Dec, 2018 | Amount | Series A - Spud | Valuation | Credit Mutuel Equity |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Spud
Spud has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Space Agency, Walter Capital Partners and Crédit Mutuel Equity. 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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Private equity firm backed by Walter Group
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Founded Year | Domain | Location | |
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Growth and acquisition investments are managed by Credit Mutuel Equity.
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Founded Year | Domain | Location | |
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CIC Partners is engaged in middle-market private equity investments.
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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 Spud
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - Spud
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spud Comparisons
Competitors of Spud
Spud 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 Fresh City Farms, Viva Naturals, Niva Foods, Desert Lake Gardens and Natural Food Shop, 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 |
Online retailer for organic grocery products
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| domain | founded_year | HQ Location |
Offers organic foods, supplements, and beauty products online with sustainable sourcing.
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| domain | founded_year | HQ Location |
An online store offering a range of organic food products.
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| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in farm-to-home organic products for health-conscious consumers.
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| domain | founded_year | HQ Location |
Online store for natural health food products.
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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 Spud
Frequently Asked Questions about Spud
When was Spud founded?
Spud was founded in 1997 and raised its 1st funding round 16 years after it was founded.
Where is Spud located?
Spud is headquartered in Burnaby, Canada. It is registered at Burnaby, British Columbia, Canada.
Is Spud a funded company?
Spud is a funded company, having raised a total of $9.3M across 5 funding rounds to date. The company's 1st funding round was a Series A of $8.21M, raised on Nov 25, 2013.
What does Spud do?
Spud was founded in 1997 in Burnaby, Canada, operating as an online platform in the organic grocery sector. Fresh produce and organic foods are sourced from partnerships with multiple farmers and producers, with products distributed through the site. A Wellness Club is provided for user sign-ups, granting access to discounts on wellness items.
Who are the top competitors of Spud?
Spud's top competitors include Fresh City Farms, Viva Naturals and Niva Foods.
Who are Spud's investors?
Spud has 5 investors. Key investors include Canadian Space Agency, Walter Capital Partners, Crédit Mutuel Equity, CIC Partners, and Credit Mutuel Equity.
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