# Spintech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spintech-2

- Industry: Industrial Machinery
- Headquarters: Xenia, US
- Website: www.spintechllc.com
- Total disclosed funding: $4.2M
- Latest round: Series A (Mar 12, 2019)
- Investors on record: 1

## About

Spintech LLC offers innovative technology solutions that enhance operational efficiency through advanced software platforms, integrating machine learning and data analytics tailored for various industries, including healthcare, finance, and manufacturing.Spintech LLC, founded in 2010 and headquartered in Xenia, US, focuses on providing technology solutions that streamline operations across industries. The firm has completed a total of 4 deals, with its latest funding round being a Series A where it raised USD 4.24 mn from Break Trail Ventures on March 12, 2019. The company was founded by Patrick Hood, while Craig Jennings serves as the current CEO.SpinTech LLC specializes in innovative technology solutions designed to enhance operational efficiency across various industries. Their flagship products include advanced software platforms that integrate machine learning and data analytics to streamline business processes, improve decision-making, and facilitate seamless communication among stakeholders. These offerings are tailored to meet the needs of clients in sectors such as healthcare, finance, and manufacturing, addressing challenges like data management, real-time analytics, and process automation. Targeted end-users include corporate enterprises, operational managers, and IT departments, with a focus on North American and European markets, where demand for technological solutions is rapidly growing. Since their inception, SpinTech has continually adapted their products to align with evolving market needs, ensuring their relevance and competitiveness in a dynamic environment.SpinTech LLC generates revenue primarily through a subscription-based model, allowing clients to access their software solutions under various pricing plans tailored to different levels of service and features. This structure typically involves annual contracts, providing clients with ongoing support and updates for the duration of their subscription. The company also engages in strategic partnerships with other technology providers, facilitating bundled offerings that enhance value for end-users while expanding their market reach. Additionally, SpinTech’s products are deployed in both B2B and direct-to-consumer scenarios, catering to diverse client bases across multiple industries. These transactional frameworks ensure a steady revenue stream by fostering long-term relationships with clients, who benefit from continuous improvements and innovations in SpinTech’s product line.In the wake of raising USD 4.25 mn in Series A funding from Break Trail Ventures in March 2019, Spintech LLC plans to utilize this capital to develop new software products aimed at enhancing decision-making processes within enterprises. The company targets expansion into European markets, with a strategic timeline to enter by late 2022, leveraging the growing demand for technological solutions in those regions. The funding will support product development and marketing initiatives to capitalize on emerging opportunities.

## Funding rounds

- Series A, Mar 12, 2019, $4.2M — Break Trail Ventures

## Investors

- Break Trail Ventures (https://capitalatlas.ai/funds/break-trail-ventures) — Series A