When was Spruce founded?

Spruce was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Spruce located?

Spruce is headquartered in New York City, United States. It is registered at New York, New York.

Who is the current CEO of Spruce?

Patrick Burns of Spruce. They are also angel investors in 3 startups.

How many employees does Spruce have?

As of Apr 30, 2026, the latest employee count at Spruce is 66.

Is Spruce a funded company?

Spruce is a funded company, having raised a total of $110M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 26, 2017.

When was the latest funding round of Spruce?

Spruce's latest funding was a $***** Series C round on Jun 02, 2021, with participation from 3 investors. Its primary sector is Real Estate IT. In United States, the Real Estate IT sector has seen $277M in funding in 2026 to date.

Where does Spruce rank among its competitors?

Spruce ranks 4th amongst 66 active competitors, of which 3 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Spruce, which secured $60M in Jun, 2021.

Who are the top competitors of Spruce?

Spruce's top competitors include Qualia, Doma and Snapdocs. Among them, Spruce secured the most recent funding round in June, 2021.

Spruce - 2026 Company Profile, Team, Funding & Competitors

Company Details

SaaS-driven title insurance and escrow software for real estate professionals. The premium for the owner policy is based on the value of the home and the lender’s premium is based on the loan amount. It also provides an API that can be used to provides a loan estimate quote for title fees and can also be used to submit an actual order for title insurance.

Website: spruce.co
Social
Email ID: *****@spruce.co
Phone Number: +1 **********
Registered Address: New York, New York

Key Metrics

Founded Year

2016

Location

New York City, United States

Stage

Acquired

Total Funding

$110M in 4 rounds

Latest Funding Round

Series C, Jun 02, 2021, $*****

Investors

Bessemer Venture Partners & 9 more

Ranked

4^th among 66 active competitors

Employee Count

66 as on Apr 30, 2026

Similar Companies

Title365 & 19 more

Exit Details

Acquired by Zillow Group (Aug 10, 2023)

View Spruce's full profile

Spruce is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SPRUCE HOLDINGS INC. CIN: 812916418 , United States, Active	Dec 26, 999	-	169 (As on Dec 31, 2022)	-

Spruce got acquired by Zillow Group on Aug 10, 2023.

Click here to take a look at Spruce's acquisition in detail

Spruce has raised a total funding of $110M over 4 rounds. Its first funding round was on May 26, 2017. Its latest funding round was a Series C round on Jun 02, 2021 for $*****. 3 investors participated in its latest round. Spruce has 10 institutional investors.

Here is the list of recent funding rounds of Spruce:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 02, 2021	3825209	Series C	9489633	2844970	6829430	6577593
May 21, 2020	1067292	Series B	8954486	7757860	1551465	Zigg Capital & 1 more
Jul 13, 2018	6765999	Series A	7183207	1951507	Bessemer Venture Partners & 1 more	Collab Fund

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View details of Spruce's funding rounds and investors

The founders of Spruce are Patrick Burns, Adam Langsner and Andrew Weisgall.

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

Patrick Burns: Co-Founder & CEO of Spruce. They are also an angel investor in 3 startups and serve on the board of 1 company.
Adam Langsner: Co-Founder of Spruce.
Andrew Weisgall: Co-Founder of Spruce.

View details of Spruce's Founder profiles and Board Members

Spruce's employee count trend

Spruce has 66 employees as of Apr 26. Here is Spruce's employee count trend over the years:

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Top competitors of Spruce include Qualia, Doma and Snapdocs. Here is the list of Top 10 competitors of Spruce, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Qualia 2015, San Francisco (United States), Series D	SaaS-driven title settlement platform for real estate professionals	$207M	Tiger Global Management, Formation 8 & 20 others	70/100
2nd	Doma 2016, San Francisco (United States), Acquired	Provider of title settlement solutions for real estate professionals	$444M	Foundation Capital, Greenspring Associates ... & 9 others	62/100
3rd	Snapdocs 2013, San Francisco (United States), Series D	SaaS-driven title settlement solution for real estate professionals	$265M	Y Combinator, Sequoia Capital & 21 others	57/100
4th	Spruce 2016, New York City (United States), Acquired	SaaS-driven title insurance and escrow software for real estate professionals	$110M	G Squared, Bessemer Venture Partners & 8 others	54/100
5th	Title365 2009, Newport Beach (United States), Acquired	App-based platform for title insurance	-	-	54/100
6th	SoftPro 1984, Raleigh (United States), Acquired	Provider of title and closing software	-	-	43/100
7th	Ellie Mae 1997, Pleasanton (United States), Acquired	Provider of technology solutions for the mortgage and real estate industries	-	TDM Growth Partners, Industry Ventures & 7 others	37/100
8th	Pavaso 2011, Plano (United States), Unfunded	SaaS solution for real estate lifecycle management	-	-	36/100
9th	JetClosing 2016, Seattle (United States), Deadpooled	Cloud-based title management solution for real estate transactions	$44.7M	T. Rowe Price, Trilogy Equity Partners & 8 others	36/100
10th	New Venture Escrow 1992, San Diego (United States), Unfunded	Provider of escrow services, technology, and support for real estate	-	-	36/100