# Spruce Root funding: rounds and investors

> Spruce Root has raised $5K across 1 round since 2024. Investors include US Department of Energy and Community Development Financial Institutions Fund.

Source: https://millionrounds.com/company/spruce-root (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Spruce Root*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Community

Funding summary Updated 26 Oct 2026

**$5K** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $5K Oct 2024
- **Investors:** 2

See who backed them

## The rounds

- **Oct 2024** Grant **$5K** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Community Development Financial Institutions Fund](https://millionrounds.com/fund/community-development-financial-institutions-fund) Source recorded

## Founders and team

From Spruce Root's own website: 17 on the team.

- **Abbey Janes** Loan Compliance & Portfolio Manager
- **Alana Peterson** Executive Director
- **Aldyn Brudie** Administrative & Human Resources Director
- **Andrew Jylkka** Program Manager for Small Business
- **Ashley Snookes** Senior Credit Officer
- **Cody Angerman** Sustainable Southeast Partnership Director
- **Elsa Sebastian** Communications & Special Projects Manager
- **Haley Armstrong** Program Manager for Financial Wellness
- **Kaylah Duncan** Development Manager
- **Kennedy Kruchoski** Executive Assistant & Special Projects Manager
- **Leslie Jackson** Grants Manager
- **Lisa Nelson** Program Manager for Resilience Circles
- **Megan Roberts** Finance Director
- **Michael Ching** CDFI Director
- **Michael Mausbach** Business and Client Services Director
- **Shannon Stevens** Sustainable Southeast Partnership Deputy Director
- **Ts'aang Gaa'y Leslie Isaacs** Chair

Advisers *Kayla Roberts*

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

[Community Development Financial Institutions Fund](https://millionrounds.com/fund/community-development-financial-institutions-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=spruce-root).

## Quick answers about Spruce Root

### Who invested in Spruce Root?

Spruce Root's investors include US Department of Energy and Community Development Financial Institutions Fund.

### How much has Spruce Root raised?

Spruce Root has raised $5K across 1 round since 2024.

### When did Spruce Root last raise?

Spruce Root's most recent round was a Grant of $5K in Oct 2024.

### What was Spruce Root's biggest round?

Its most recent round, $5K in Oct 2024, is also its largest on record.

### Who backed Spruce Root first?

Spruce Root's first round on record, in Oct 2024, was backed by US Department of Energy and Community Development Financial Institutions Fund.

### What stage is Spruce Root at?

Spruce Root's latest named round is a Grant, in Oct 2024.

### Where is Spruce Root based?

Spruce Root is based in the United States.

## Companies like Spruce Root

In the same sector, and raised in the last eighteen months.

[**CodePath** $50M · Apr 2026](https://millionrounds.com/company/codepath)[**CustomMade** $28M · Dec 2025](https://millionrounds.com/company/custommade)[**Nuvve** $6.0M · Dec 2025](https://millionrounds.com/company/nuvve)[**Mountain Valley Pipeline** $358M · Nov 2025](https://millionrounds.com/company/mountain-valley-pipeline)[**Flite** $74M · Oct 2025](https://millionrounds.com/company/flite)[**Contra** $151M · Oct 2025](https://millionrounds.com/company/contra)

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