The round was led by Team8 with additional funding from Euclidean Capital and Intuition Fund, Communitas Capital, Phoenix, and Nidoco AB.

Founded in 2019 and headquartered in NYC, Spiral is the pioneer of the world's first Impact-as-a-Service™ platform that helps banks, credit unions, and financial institutions easily embed sustainability, social impact, and ESG into their core businesses and amplify their community impact and customer engagement.

Spiral simplifies back-office operations, donation processing, compliance, and technical integrations with 1.5 million charities to allow banks and financial institutions to empower hundreds of millions of customers and businesses to contribute to a better world. With Spiral, companies can strengthen their served communities while driving engagement and profits.