Spruce Raises $60 Million in Funding
June 3, 2021
Spruce raised $60 million in Series C funding to build upon the proptech company’s title and closing technology.
This round was led by Zigg Capital. Existing investors including Bessemer Venture Partners and Scale Venture Partners also participated. This latest investment brings Spruce's total funding to $110 million.
"Spruce has the key qualities of a world class technology company; exceptional product and operations teams delivering quantifiable value for its customers. Spruce's platform is central in enabling better, faster, and more affordable real estate transactions," said Dave Eisenberg, a managing partner at Zigg Capital. "Zigg's significant investment in Spruce shows not only our confidence in the Spruce team but also in the real estate technology sector at large."
Patrick Burns, CEO and co-founder of Spruce, added, “Our work with our clients fundamentally changes the way partners and consumers experience real estate transactions. While we're just getting started, we're more excited than ever to work with our innovative partners to build the one-click checkout for real estate–especially as the attention on consumer needs and expectations has surged."
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