What is SpiderOak?
SpiderOak, Inc., originally founded as thinkdesignbuild, Inc. in 2006 and based in Kansas City, Missouri, offers a suite of online backup and collaboration tools designed with a strong emphasis on user privacy and data security. Its core offerings include Semaphor, a workplace collaboration tool leveraging zero-knowledge architecture for enhanced team and business security; SpiderOakONE, which provides end-to-end encryption for files before they are transmitted to servers; and SpiderOak Groups, featuring unified billing and user management with point-in-time recovery capabilities. The company also provides SpiderOak Enterprise, a robust backup solution tailored for large organizations, and Encryptr, a secure password management tool and e-wallet. SpiderOak's commitment to not mining, snooping, selling, or sharing user data differentiates it in the competitive cloud storage and collaboration market.
How much funding has SpiderOak raised?
SpiderOak has raised a total of $24.5M across 6 funding rounds:
Angel/Seed
$2M
Series A
$3.5M
Private Equity
$750K
Debt
$1.5M
Debt
$350K
Series C
$16.4M
Angel/Seed (2013): $2M, investors not publicly disclosed
Series A (2015): $3.5M led by OCA Ventures
Private Equity (2016): $750K supported by KCRise Fund
Debt (2017): $1.5M, investors not publicly disclosed
Debt (2020): $350K backed by PPP
Series C (2023): $16.4M with participation from ICScape
Key Investors in SpiderOak
OCA Ventures
OCA Ventures is a venture capital firm dedicated to supporting entrepreneurs in building successful companies. They provide essential resources and strategic guidance to help startups thrive and innovate within their respective markets.
ICScape
ICScape appears to be an investor focused on technology, potentially within the semiconductor or integrated circuit design space, given the context of its description. Their investment in SpiderOak suggests an interest in secure technology infrastructure.
KCRise Fund
KCRise Fund is a venture capital firm specifically focused on investing in early-stage technology companies with a connection to the Kansas City region. They primarily target B2B companies and aim to foster regional economic growth through strategic investments.
What's next for SpiderOak?
With its recent major strategic investment and a history of substantial capital raises, SpiderOak is poised for accelerated growth and innovation. The company's focus on zero-knowledge architecture positions it advantageously in an era of increasing data privacy concerns and regulatory scrutiny. Future developments are likely to center on enhancing its enterprise-grade solutions, expanding its market reach, and further solidifying its reputation as a leader in secure, private data management and collaboration. The company's trajectory suggests a continued emphasis on B2B solutions and enterprise security.
See full SpiderOak company page
