Spade, a New York-based data and AI platform company, has raised $40 million in Series B funding.
Investors
The round was led by Oak HC/FT, with participation from Andreessen Horowitz, Flourish, Gradient, NAventures (the corporate venture arm of National Bank of Canada), and Y Combinator.
Oak HC/FT is a venture and growth equity firm specializing in investments in fintech and healthcare. Using partnership as a foundation, the firm guides companies and founders at every stage, from seed to growth, to create businesses that make a measurable and lasting impact. Founded in 2014, Oak HC/FT has invested in over 120 portfolio companies and manages more than $7 billion in assets under management. Headquartered in Stamford, CT, with an office in San Francisco, CA.
Spade Use of Funds
The company will use the funding to enhance platform capabilities, expand the team, meet growing demand, and continue to expand beyond transaction enrichment to provide a full payments intelligence platform.
About Spade
Founded in 2021, Spade is a financial technology company that provides a data and AI platform designed to enrich and structure fragmented transaction data in real time. Led by CEO Oban MacTavish, the company enables financial institutions to transform raw transaction data into structured, actionable intelligence, helping banks and fintechs improve authorization decisions, rewards attribution, analytics, and customer experience. Spade leverages a proprietary matching engine and AI agents that continuously scan the web and external data sources to fill metadata gaps and eliminate duplicate records. Headquartered in New York, customers include Bilt, Mercury, and Stripe.
Funding Details
Company: Spade Data, Inc.
Raised: $40.0M
Round: Series B
Funding Date: March 2026
Lead Investor: Oak HC/FT
Additional Investors: Andreessen Horowitz, Flourish, Gradient, NAventures, National Bank of Canada, Y Combinator
Company Website: https://spade.com/
Software Category: Fintech / Data Infrastructure / AI Platform
Source: https://www.businesswire.com/news/home/20260324472369/en/