Spondoolies

Company Overview

Snapshot

Founded in January 2013 by Assaf Gilboa, Kobi Levin, and Harel Shvarzberg, Spondoolies is a non-active company with 1–10 employees. The company has raised $13.5M across four funding rounds from six investors. In October 2014, Spondoolies secured a B Round of funding from Genesis Partners and BRM Group.

Business overview

Spondoolies is a cryptocurrency mining gear company that develops powerful solutions for cryptocurrency mining. The company aims to enable cryptocurrencies to flourish as a standard for financial transactions, allowing both consumers and companies to compete in the cryptocurrency mining space. Operating within the Fintech & Insurtech sector, Spondoolies focuses on hardware and blockchain technologies.

Strategic signal

Spondoolies ceased to operate in August 2024, indicating a significant operational shift and the conclusion of its business activities. This event signals to investors and innovation teams that the company is no longer an active player in the cryptocurrency mining gear market, reflecting the inherent volatility and competitive pressures within the blockchain and hardware sectors.

Company Intelligence Q&A

What was a significant early funding event for Spondoolies?

In October 2014, Spondoolies raised a B Round of funding from investors including Genesis Partners.

Which investors participated in the October 2014 funding round?

The October 2014 funding round for Spondoolies included investments from Genesis Partners.

When was Spondoolies founded and by whom?

Spondoolies was founded in January 2013 by Assaf Gilboa, Kobi Levin, and Harel Shvarzberg.

What is the primary focus of Spondoolies' technology?

Spondoolies primarily focuses on developing cryptocurrency mining gear, with its core technology rooted in cryptography to enable efficient digital currency transactions.

What is the current operational status of Spondoolies?

Spondoolies is currently non-active, having ceased operations in August 2024.