Spondoolies

Company Overview

Snapshot

Founded in January 2013 by Assaf Gilboa, Kobi Levin, and Harel Shvarzberg, Spondoolies is a cryptocurrency mining gear company with 1–10 employees. The company has secured funding across 4 rounds from 6 investors. In October 2014, Spondoolies raised a B Round from Genesis Partners and BRM Group.

Business overview

Spondoolies develops cryptocurrency mining gear, aiming to establish cryptocurrencies as a new standard for financial transactions. The company's core technology focuses on cryptography, delivering powerful solutions for cryptocurrency mining. It serves both consumers and companies, enabling them to compete in the cryptocurrency mining landscape. Spondoolies operates within the Fintech & Insurtech sector, specifically in Consumer Electronics.

Strategic signal

In October 2014, Spondoolies-Tech secured a Series B funding round, as reported by CoinDesk. This investment signaled strong investor confidence in the company's strategy to compete with established players like BitFury in the cryptocurrency mining hardware market, highlighting the growing interest and capital flow into the nascent crypto infrastructure space at the time.

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.