When was Spearbit founded?

Spearbit was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Spearbit located?

Spearbit is headquartered in Miami, United States.

Who is the current CEO of Spearbit?

Spencer Macdonald of Spearbit. They have also founded 1 company.

How many employees does Spearbit have?

As of May 31, 2026, the latest employee count at Spearbit is 48.

Is Spearbit a funded company?

Spearbit is a funded company, having raised a total of $8.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2021.

How much is Spearbit worth?

The latest valuation of Spearbit is $***** as of Jul 12, 2023.

When was the latest funding round of Spearbit?

Spearbit's latest funding was a $***** Series A round on Jul 12, 2023, with participation from 6 investors.

Where does Spearbit rank among its competitors?

Spearbit ranks 1st amongst 105 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Sybol, which secured $1.17M in Apr, 2026.

Who are the top competitors of Spearbit?

Spearbit's top competitors include 0xbow, Web3 Builders and CipherBlade. Among them, Sybol secured the most recent funding round in April, 2026.

Spearbit - 2026 Company Profile, Team, Funding & Competitors

Company Details

Decentralized network connecting independent security experts to Web3 projects for security reviews and services. It is a hub for blockchain security content and education. It offers security reviews and other related services to Web3 projects.

Website: spearbit.com
Social

Key Metrics

Founded Year

2021

Location

Miami, United States

Stage

Series A

Total Funding

$8.5M in 2 rounds

Latest Funding Round

Series A, Jul 12, 2023, $*****

Post Money Valuation

$***** as on Jul 12, 2023

Investors

Framework Ventures & 5 more

Ranked

1^st among 105 active competitors

Employee Count

48 as on May 31, 2026

Similar Companies

0xbow & 117 more

View Spearbit's full profile

Spearbit is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SPEARBIT LABS INC. CIN: 6869256 , United States, Active	Jun 06, 2023	$5M - $25M (As on Jul 13, 2023)	-	-

Spearbit has raised a total funding of $8.5M over 2 rounds. Its first funding round was on 2021. Its latest funding round was a Series A round on Jul 12, 2023 for $*****. 6 investors participated in its latest round. Spearbit has 6 institutional investors.

Here is the list of recent funding rounds of Spearbit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 12, 2023	6164582	Series A	1310939	8220445	9044311	2722116
2021	2384	Seed	6135	4154	4807	3202

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View details of Spearbit's funding rounds and investors

The founders of Spearbit are Alex B and Spencer Macdonald. Spencer Macdonald is the CEO of Spearbit.

Here are the details of Spearbit's key team members:

Alex B: Co-Founder of Spearbit.
Contact Info: 1 email address
Spencer Macdonald: Co-Founder & CEO of Spearbit.
Contact Info: 1 email address

View details of Spearbit's Founder profiles and Board Members

Spearbit's employee count trend

Spearbit has 48 employees as of May 26. Here is Spearbit's employee count trend over the years:

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Top competitors of Spearbit include 0xbow, Web3 Builders and CipherBlade. Here is the list of Top 10 competitors of Spearbit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Spearbit 2021, Miami (United States), Series A	Decentralized network connecting independent security experts to Web3 projects for security reviews and services	$8.5M	Robvc, Nascent & 4 others	46/100
2nd	0xbow 2023, Nashville (United States), Seed	Developer of privacy tools for compliant decentralized finance transactions	$3.5M	Starbloom, Plutos Capital & 6 others	44/100
3rd	Web3 Builders 2022, New York City (United States), Deadpooled	Provider of blockchain token security services	$7M	TTV Capital, Global Founders Capital & 7 others	35/100
4th	CipherBlade 2018, Pittsburgh (United States), Unfunded	Platform for blockchain security services	-	-	28/100
5th	KeyPair 2012, Seoul (South Korea), Seed	Developer of security chips, hardware wallets, and related security solutions	-	BTQ, Magellan Technology Investment & 4 others	27/100
6th	Sybol 2025, Madrid (Spain), Seed	Developer of digital identity solutions using blockchain technology for secure exchange	$1.17M	-	27/100
7th	Chrysalis Dae 2021, Quincy (United States), Unfunded	Provider of digital asset Know Your Asset (KYA) and risk management.	-	-	24/100
8th	SOL Sniper 2024, Los Angeles (United States), Acquired	Provider of automated tools for trading newly launched Solana tokens	-	-	23/100
9th	Simple Proof 2002, Guatemala City (Guatemala), Seed	Provider of blockchain timestamping services for securing and verifying digital records	-	Wolf, ego death capital	21/100
10th	Lutinx 2021, New York (United States), Unfunded	Provider of copyright protection and digital data certification using blockchain.	-	-	21/100