Spruce announced a $60 million Series C funding round led by Zigg Capital. Existing investors, including Bessemer Venture Partners and Scale Venture Partners, also participated.

Since its inception in 2016, Spruce has grown more than 450% annually, powering tens of thousands of transactions for leading digital mortgage lenders, SFR investment platforms, iBuyers, and each of the top five equity co-investment companies. Doing business in 48 U.S. states, Spruce's industry advancements to date include reducing transaction times by up to 25%, saving homeowners up to 20% on closing costs, and enabling transactions outside of restrictive Federal hours.