Company Overview
Snapshot
Founded in January 2002 by Yossi Nevo, Spetz operates with 11–50 employees. The company has raised $200K across one funding round. In May 2021, Spetz announced plans for an IPO in Australia, aiming to raise A$14-16 million.
Business overview
Spetz is a mobile application that connects consumers with local tradespeople, service providers, and professionals. The platform leverages artificial intelligence and crowd-sourced reviews to ensure service quality. Operating within the Retail Platforms sector, Spetz serves both consumers and service providers in the gig economy, primarily in Israel and the United Kingdom.
Strategic signal
In May 2021, Spetz announced its intention to go public in Australia, targeting a capital raise of A$14-16 million, including a A$4 million pre-IPO round. This move signals a strategic intent for significant expansion and capital infusion, indicating strong growth momentum and a validation of its business model in new markets, following a reported 150% growth and profitability in Israel.
Log in to access full profile ›Company Intelligence Q&A
- When was Spetz founded and by whom?
- Spetz was founded in January 2002 by Yossi Nevo.
- What is Spetz's core business model?
- Spetz operates a mobile application that matches consumers with available local tradespeople, service providers, and professionals, utilizing artificial intelligence and crowd-sourced reviews for quality assurance.
- What was a significant financial development for Spetz in 2021?
- In May 2021, Spetz announced plans to go public in Australia, aiming to raise A$14-16 million, including a A$4 million pre-IPO round. The company reported 150% growth and profitability in Israel.
- Which markets does Spetz primarily serve?
- Spetz primarily serves markets in Israel and the United Kingdom.