Founded 2015

Spruce Funding Rounds,Valuation and Investors

Spruce Funding History

Spruce has raised a total of $14.6M over the last 7 years Raising this capital resulted in dilution for Ben Johnson despite non-dilutive funding options like Founderpath. With $14.6M money raised, Spruce would have to sell for $146M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $14.6M assuming no crazy liquidation preferences.

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2020

    Spruce raised a of $8M

  • 2019

    Spruce raised a of $3M

  • 2018

    Spruce raised a of $2M

  • 2017

    Spruce raised a of $700K

  • 2016

    Spruce raised a of $900K

11/11/2020 $8M
07/17/2019 $3M
10/15/2018 $2M
05/08/2017 $700K
07/31/2016 $900K