Spire.com Closes $9 million Series A Financing Round

Jul 11, 2008

Spire.com, a social resource for affluent people, announced it has closed a $9 million Series A round of financing. Funds will be used as working capital to support the execution and expansion of Spire.com. Lead investors include Hearst Corporation, Trident Capital, TL Ventures, and several private investors. The first funding initiative was the acquisition of London-based Suzanne’s Files, a source of vetted content for high net worth individuals. Through the acquisition, Spire.com gained access to a targeted member base of 55,000 highly affluent individuals with an average income of $250,000 and assets in excess of $1 million.