Spruce Press

The company announced on Tuesday that it raised $26 million in Series B financing. The capital raise brings the company’s total funding to $40 million, including an $8 million Series A from November of 2020. 

Spruce, an app platform that arranges on-demand housekeeping and other services to apartment properties, has begun selling in the Minneapolis/St. Paul market.

From being an energy investment banker to a successful entrepreneur, Ben Johnson, Founder, and CEO of Spruce, took the leap and became the leading home services provider to apartment residents. Since launching in April 2016, Spruce has grown to service over 500,000 apartment homes in 17 markets. Find out in this #TechandTacticsTuesday episode about their revenue model and the amenities and services they offer that can boost your tenant retention in a major way!

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Spruce raked in $8 million, which it plans to invest in growing its headcount and developing its tech. Ultimately, Johnson said he believes the proptech startup could be used to create efficiencies of scale in all sorts of residential microeconomies.

Spruce, an on-demand housekeeping and services startup that moved from Houston to Austin last year, has raised $8 million in Series A funding to continue its geographical expansion.

The Minte, a Chicago startup that brings hotel-style cleanings to apartment buildings, is getting acquired by an Austin startup.

A Texas startup that provides concierge services — like cleaning and dog walking — to apartment renters has expanded its services outside the apartment units to help multifamily properties sanitize and disinfect against COVID-19.

Spruce, the leading provider of lifestyle services to the multifamily sector, recently announced that it has won the Supplier Partner Company of the Year award as a result of its nomination by national partner American Landmark. The Apartment Association of Greater Dallas (AAGD) awarded Spruce with the title as a result of the company’s success in lifting local businesses and improving the lives of Texas residents.

Spruce, the leading provider of lifestyle services to the multifamily sector, announced today the expansion of its services to Atlanta, Georgia. The announcement marks another milestone in Spruce’s rapid growth, with the company now serving more than 500,000 apartment homes in 17 markets as the nation’s largest tech-enabled apartment amenity provider.

Spruce, the leading provider of lifestyle services to the multifamily sector, is expanding to its 17th market as it sets its sights on continued exponential growth in 2022. Adding the Twin Cities metropolitan area to Spruce’s growing roster of U.S. markets enables the company to serve more than 600,000 apartments and empower local businesses across the nation.