Venture Capital

Spruce Leverages $8M Series A To Accelerate Market Expansion

by vcaonline.com posted 7months ago 55 views
Lifestyle services marketplace announces investment to increase offerings, broaden footprint across the US AUSTIN, Texas, November 11, 2020 /PRNewswire/ -- Spruce, the leading provider of lifestyle services to the multifamily industry, announced $8 million in Series A financing. The round is led by Houston-based Mercury Fund and included participation from Sweat Equity Partners. Since Spruce's last round of equity funding in July 2019, the company has expanded into 9 markets and has over 760 properties with 230,000 units on its platform. "Spruce is changing how people live in their homes," said founder and CEO Ben Johnson.

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