About Spyce
Spyce is a company based in Boston (United States) founded in 2015 by Kale Rogers and Michael Farid was acquired by Wonder in November 2025.. Spyce has raised $24.82 million across 4 funding rounds from investors including Sweetgreen, Wonder and Khosla Ventures. The company has 11 employees as of December 31, 2022. Spyce offers products and services including Harvest Bowl, Kale Caesar, Guacamole Greens, and Shroomami. Spyce operates in a competitive market with competitors including Pudu Robotics, SJW Robotics, Aitme, Pazzi and CaliBurger, among others.
- Headquarter Boston, United States
- Employees 11 as on 31 Dec, 2022
- Founders Kale Rogers, Michael Farid
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Sectors
ConsumerIndustrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spyce Food Co
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.82 M (USD)
in 4 rounds
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Latest Funding Round
$21 M (USD), Series A
Sep 07, 2018
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Investors
Sweetgreen
& 8 more
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Employee Count
11
as on Dec 31, 2022
- Acquired by
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Products & Services of Spyce
Spyce offers a comprehensive portfolio of products and services, including Harvest Bowl, Kale Caesar, Guacamole Greens, and Shroomami. 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.
Roasted chicken and vegetables in a healthy bowl option.
Fresh kale salad with chicken and parmesan dressing.
Avocado-based salad with greens and toppings.
Tofu and mushroom bowl with rice and greens.
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Funding Insights of Spyce
Spyce has successfully raised a total of $24.82M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $21 million completed in September 2018. 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 4
- Last Round Series A — $21.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series A - Spyce | Valuation | Maveron | |
| Aug, 2017 | Amount | Seed - Spyce | Valuation |
investors |
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| Jul, 2016 | Amount | Seed - Spyce | Valuation | Khosla Ventures |
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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 |
Investors in Spyce
Spyce has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Sweetgreen, Wonder and Khosla Ventures. 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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Venture capital investments in consumer businesses, emphasizing technology and human behavior.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Private equity firm investing in multiple sectors
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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 Spyce
| 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 - Spyce
| 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 |
Spyce Comparisons
Competitors of Spyce
Spyce 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 Pudu Robotics, SJW Robotics, Aitme, Pazzi and CaliBurger, 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 |
Delivery robots are supplied for restaurants and diverse industries.
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| domain | founded_year | HQ Location |
Automated food kiosks are supplied for restaurants and public venues.
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| domain | founded_year | HQ Location |
AI-powered robotic kitchens are developed for automated dish preparation.
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| domain | founded_year | HQ Location |
Pizzeria operated with robotic kitchen for customized on-demand pizzas.
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| domain | founded_year | HQ Location |
Burgers and related items are served by robotic kitchen chains.
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spyce
Frequently Asked Questions about Spyce
When was Spyce founded?
Spyce was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Spyce located?
Spyce is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Spyce?
Michael Farid is the current CEO of Spyce. They have also founded this company.
Is Spyce a funded company?
Spyce is a funded company, having raised a total of $24.82M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.57M, raised on May 19, 2016.
How many employees does Spyce have?
As of Dec 31, 2022, the latest employee count at Spyce is 11.
What does Spyce do?
Spyce is a Boston based restaurant featuring a robotic kitchen that cooks complex meals aka grain bowls. The robots take an order through the companion application, measure the right portions of each ingredient and dispense them into a drum-like wok. The wok turns slowly by an electric burner, brings the food to the ideal temperature and then drops the meal into a disposable serving bowl. The recipes are created with Daniel Boulud, a well-known French chef with eponymous restaurants in New York and other cities. The company won the 2016 Lemelson-MIT Eat it! prize and is an MIT 100K finalist. It was incubated at delta V, a start-up accelerator at MIT.
Who are the top competitors of Spyce?
Spyce's top competitors include Pudu Robotics, Pazzi and CaliBurger.
What products or services does Spyce offer?
Spyce offers Harvest Bowl, Kale Caesar, Guacamole Greens, and Shroomami.
Who are Spyce's investors?
Spyce has 9 investors. Key investors include Sweetgreen, Wonder, Khosla Ventures, Maveron, and Gavin Kaysen.