# Spate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spate

- Industry: Software
- Headquarters: New York, US
- Website: www.spate.nyc
- Total disclosed funding: $1.8M
- Latest round: Seed (Jun 14, 2019)
- Investors on record: 5

## About

Spate, Inc. is a market research company specializing in consumer trend forecasting for the beauty, wellness, food, and beverage industries, utilizing advanced analytics to deliver insights based on extensive online data.Founded in 2018, Spate, Inc. is headquartered in New York, US. The company focuses on analyzing consumer trends through a powerful analytics platform and has undergone no significant pivots. It was co-founded by Olivier Zimmer and Yarden Horwitz, both of whom have experience in the tech startup space. The company successfully raised USD 1.8 million in Seed funding on June 14, 2019, led by Initialized Capital, with participation from Avrhm Capital, Kima Ventures, Lightspeed Venture Partners, and Y Combinator. To date, Spate has completed one funding deal, with the total amount raised equaling the latest round.Spate offers a comprehensive market research and consumer trend forecasting tool specifically designed for the beauty, wellness, food, and beverage industries. The core product is the Spate dashboard, which utilizes machine intelligence to analyze over 20 billion online search signals alongside 40 million beauty-related TikTok videos. This advanced analytics platform helps brands address key questions about market trends, competitive landscapes, and consumer preferences. The end users of Spate's services include a diverse client base ranging from independent brands to large enterprises, all seeking data-driven insights to inform their marketing strategies and product development. Spate's products are primarily marketed to clients in North America and Europe, where the demand for trend analysis in the beauty and wellness sectors continues to grow.Spate generates revenue through a subscription-based model that provides access to its analytics dashboard and trend forecasting services. Clients, including both B2B and direct-to-consumer brands, subscribe to various pricing tiers tailored to their specific needs, which may include different levels of data access, analytical features, and support services. This structure facilitates ongoing relationships with clients who utilize the platform to stay informed about market trends and consumer behaviors. The firm’s focus on delivering actionable insights through its flagship analytics tool has attracted a robust clientele, contributing to consistent revenue streams. Transactions typically involve annual or monthly subscriptions that allow users to leverage real-time data for enhanced marketing and product strategy.Looking ahead, Spate plans to expand its product offerings and enhance its analytics capabilities to cater to the evolving needs of its clients in the beauty and wellness sectors. While specific details on new product launches have not been disclosed, the company intends to leverage its recent USD 1.8 million Seed funding to support these initiatives. Additionally, Spate is exploring expansion opportunities into new geographic markets, particularly in Europe, to capitalize on the growing demand for trend analysis. This strategic direction aims to be realized within the next few years, allowing Spate to further enhance its market presence.

## Funding rounds

- Seed, Jun 14, 2019, $1.8M — Lightspeed Venture Partners, Kima Ventures, Y Combinator, Initialized Capital, Avrhm Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- Avrhm Capital — Seed