# Spruce funding: rounds and investors > Spruce has raised $80M across 4 rounds since 2017. Investors include Omidyar Network, Y Combinator and Techstars. Every round with its source. Source: https://millionrounds.com/company/spruce (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Spruce* 4 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Consumer Apps Fintech Insurtech Y Combinator: W21 Funding summary Updated 26 Oct 2026 **$80M** raised across 4 rounds since 2017, from 4 sources **$4.5M** Series A **$16M** Series A **$34M** Series A **$26M** Series B - **Latest round:** Series B, $26M Jul 2022 - **Biggest round:** $34M Series A · Apr 2022 - **Investors:** 13 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2018 2019 2020 2021 2022 **$4.5M** Series A **$16M** Series A **$34M** Series A **$26M** Series B - **First round:** Series A, $4.5M - **Biggest round:** $34M - **Usual gap between rounds:** 14 months ## The rounds - **Jul 2022** Series B **$26M** *3 new* [SoftBank](https://millionrounds.com/fund/softbank-2) [Capital Factory](https://millionrounds.com/fund/capital-factory) [Mercury Fund](https://millionrounds.com/fund/mercury-fund) Source recorded - **Apr 2022** Series A **$34M** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Techstars](https://millionrounds.com/fund/techstars) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [SV Angel](https://millionrounds.com/fund/sv-angel) [Coinbase Ventures](https://millionrounds.com/fund/coinbase) Source recorded - **Aug 2018** Series A **$16M** *2 new* *1 returning* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) [Omidyar Network](https://millionrounds.com/fund/omidyar-network) Reported by FinSMEs SEC filing: $16M sold, first sale Jul 2018 - **May 2017** Series A **$4.5M** *3 new* [Omidyar Network](https://millionrounds.com/fund/omidyar-network) [Bessemer](https://millionrounds.com/fund/bessemer) [Third Prime](https://millionrounds.com/fund/third-prime) Reported by TechCrunch ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2017 **Series A** 2018 **Series A** 2022 **Series B** 2022 [Omidyar Network](https://millionrounds.com/fund/omidyar-network) [Y Combinator](https://millionrounds.com/fund/y-combinator) [Techstars](https://millionrounds.com/fund/techstars) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [SV Angel](https://millionrounds.com/fund/sv-angel) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) [SoftBank](https://millionrounds.com/fund/softbank-2) [Capital Factory](https://millionrounds.com/fund/capital-factory) ## Everyone who backed them [Omidyar Network](https://millionrounds.com/fund/omidyar-network) Family office **2** rounds [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Techstars](https://millionrounds.com/fund/techstars) VC firm **1** round [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round [SV Angel](https://millionrounds.com/fund/sv-angel) VC firm **1** round [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) VC firm **1** round [Coinbase Ventures](https://millionrounds.com/fund/coinbase) Corporate VC **1** round [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) VC firm **1** round [SoftBank](https://millionrounds.com/fund/softbank-2) Investment firm **1** round [Capital Factory](https://millionrounds.com/fund/capital-factory) VC firm **1** round [Mercury Fund](https://millionrounds.com/fund/mercury-fund) VC firm **1** round [Bessemer](https://millionrounds.com/fund/bessemer) VC firm **1** round [Third Prime](https://millionrounds.com/fund/third-prime) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=spruce). ## Also claim to have backed them These 4 firms list Spruce as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) VC firm Per its own site [Electric Capital](https://millionrounds.com/fund/electric-capital) VC firm Per its own site [A.Capital Ventures](https://millionrounds.com/fund/a-capital-ventures) VC firm Per its own site [Brighter Capital](https://millionrounds.com/fund/brighter-capital) Family office Per its own site ## Quick answers about Spruce ### Who invested in Spruce? Spruce's investors include Omidyar Network, Y Combinator, Techstars, Andreessen Horowitz and SV Angel, and 8 more on record. ### How much has Spruce raised? Spruce has raised $80M across 4 rounds since 2017. ### When did Spruce last raise? Spruce's most recent round was a Series B of $26M in Jul 2022. ### What was Spruce's biggest round? Spruce's largest round on record is $34M (Series A), in Apr 2022. ### Who backed Spruce first? Spruce's first round on record, in May 2017, was backed by Omidyar Network, Bessemer and Third Prime. ### What stage is Spruce at? Spruce's latest named round is a Series B, in Jul 2022. ### Where is Spruce based? Spruce is based in the United States. ## Companies like Spruce In the same sector, and raised in the last eighteen months. [**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**MURAL** $67M · Oct 2026](https://millionrounds.com/company/mural) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app