What is Allspice?
Allspice provides a robust platform designed to streamline the electronics design process for hardware engineers. By integrating Git-like version control for PCB designs, schematics, and Bill of Materials (BOM), the company addresses critical inefficiencies in hardware development. Its features include automated review processes and CI/CD workflows, enabling teams to enhance design reviews, minimize errors, and expedite the time-to-market for new products. The company's focus on collaboration and automation positions it as a key player in the evolving landscape of hardware engineering tools.
How much funding has Allspice raised?
Allspice has raised a total of $24.2M across 3 funding rounds:
Angel/Seed
$3.2M
Other Financing Round
$6M
Series A
$15M
Angel/Seed (2022): $3.2M with participation from Flybridge Capital Partners, Root Ventures, and Bowery Capital
Other Financing Round (2023): $6M led by Flybridge Capital Partners, Root Ventures, and Bowery Capital
Series A (2025): $15M supported by L'attitude Ventures, Rethink Impact, Gingerbread Capital, Flybridge Capital Partners, BenchStrength International, Root Ventures, and DNX Ventures
Key Investors in Allspice
L'attitude Ventures
L'attitude Ventures is a venture capital firm focused on early-stage US Latina/o entrepreneurs leveraging technology for scale, investing in companies from Seed to Series A. They aim to capture and catalyze this entrepreneurial cohort with substantial capital and global expertise.
Rethink Impact
Rethink Impact is a venture capital firm that invests in entrepreneurs and technology platforms addressing significant global challenges across sectors like healthcare, economic opportunity, and environmental sustainability, believing that successful companies prioritize mission and community benefit.
Gingerbread Capital
Gingerbread Capital is dedicated to closing the funding gap for women-led ventures and emerging funds led by women and diverse teams, investing in exceptional women founders and aiming to build collaborative ecosystems for significant returns.
What's next for Allspice?
With the recent major strategic investment, Allspice is poised for significant expansion. The company's trajectory, marked by consistent capital raises including a Series A round, indicates a strong market appetite for its innovative solutions. This funding will likely fuel product development, enhance its market reach, and potentially support strategic partnerships. Allspice's emphasis on version control and automation for hardware design suggests a future focused on deepening its integration into the engineering lifecycle and capturing a larger share of the enterprise hardware development market.
See full Allspice company page
