Spruce Acquires Housekeeping Startup The Minte, Expands Lifestyle Services to Chicago
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AUSTIN, Texas and CHICAGO–(BUSINESS WIRE)–Sprucethe leading provider of lifestyle services to the multi-family sector, today announced the acquisition The Minta startup offering hotel-style housekeeping service in luxury apartment residences.
The acquisition allows Spruce to expand its footprint in the Chicago area with leading property management companies, while The Minte gains greater ability to scale and serve more customers. Minte’s first service will complement Spruce’s current set of offerings for a variety of household tasks, while Spruce’s deep logistics capabilities will unlock more options for residents and provide expanded scale for local janitorial businesses serving apartment communities.
“We are always looking for ways to improve our services, and the addition of The Minte is a natural addition that will enhance everyone’s experience,” said Spruce Founder and CEO Ben Johnson, who earned his MBA at the University of Chicago Booth. Business school. “Local businesses can use our platform to enable technology for their operation, and residents receive convenient, expert, and affordable services.”
“Our mission has been to innovate the homes and lifestyles of our customers – one apartment, one customer at a time,” said Joanna Gornikowski, CEO of The Minte. “Joining forces with Spruce will provide people with a blend of service and technology that delivers exceptional experiences.”
Both Spruce and The Minte have demonstrated that seamless delivery of lifestyle services can create an integrated living experience for residents. According to an internal review of Spruce data, residents who purchase two or more services have an 81.4% renewal rate. The renewal rate for residents purchasing more than 20 hotel-like services climbs to almost 90%, well above the industry average of just over 52%.
Spruce’s focus on providing high-quality, on-demand service has made the company the nation’s largest provider of apartment amenities. Following a recent expansion into the Washington DC area, Spruce is adding Chicago as its 14th market. Combined, Spruce and The Minte will serve more than 450,000 apartments.
About spruce
Spruce is the complete lifestyle service provider for the multi-family industry. The company currently provides chores, housekeeping, pet care, laundry and dry cleaning services to more than 1,500 select apartment communities across the country. Through the Spruce app, residents can quickly book services from certified, insured, and background-checked professionals. Spruce is focused on providing the highest quality services to on-demand residents. Venture capital-backed and Austin-based, the company has over 65 employees and is growing rapidly.
About the Mint
The Minte is a Chicago-based startup that aims to disrupt the status quo of housekeeping. Backed by Dundee Venture Capital, MATH Venture Partners, Revolution’s Rise of the Rest Seed Fund, Hot Glass Ventures, Firebrand Ventures, Blue Note Ventures, Sandalphon Capital, Network Ventures and M25 Group, The Minte is associated with a number of housing partners as it expands into condos, apartments, and corporate housing across the United States.
Please see a special note for Spruce and The Minte customers: https://getspruce.com/spruce-acquires-the-minte/