Spondoolies-Tech Raises $5M In Series B Funding Round

October 28, 2014 | The bitcoin manufacturing firm Spondoolies-Tech raised $5 million from new and existing investors in the Series B funding round. Agile Wings, BRM Group and Genesis Partners participated in the round, as well as angel investors Olivier Janssens and Aleph Partner Eden Shochat. Company CEO Guy Corem stated that Spondoolies hopes to use the funds to fund its third, fourth and fifth-generation ASIC development in competing with its main rival, BitFury. Spondoolies is an Israeli bit coin manufacturing company that raised its first round of venture capital in August 2013, putting the total amount invested in the company at $11 million.