Celebrating the Acquisition of Spave by Reseda Group

Spave Toasts to acquisition
Spave Toasts Acquisition by Reseda Group CUSO

Mid-August we were thrilled to celebrate the acquisition of Spave by the Reseda Group at the Red Wing Golf Course with investors, friends, and family of Spave. Those in attendance enjoyed a delicious meal, celebratory Spave-tini signature drink and shared fond memories of the road to acquisition.

Spave CEO, Susan Langer, led the event and highlighted the many people that helped lead to Spave’s success. From interns like Megan Geelan to investors John Long and current Executive Director of Launch MN, Neela Mollgard. “Spave is a perfect example of how innovation can happen anywhere. The tenacity of Susan Langer along with the collective support from local, regional, and state organizations provided the funding, technical assistance, and access to networks needed to launch a fintech startup in greater Minnesota,” shared Mollgard.

Whitney Anderson-Harrell, President of Desk Drawer Fund, a Michigan nonprofit in attendance also added, “The Spave partnership will evolve our nonprofit, the Desk Drawer Fund, through the utilization of technology to innovate and expand the ways we can engage with donors. Spave modernizes the donor experience while providing an additional platform for promotion.”

True to Spave’s core beliefs, at the core of the technology and company, is the principle of generosity, to give freely and often. During the event, attendees were also invited to nominate their favorite nonprofit for a chance to win money to support their cause. Red Wing hometown nonprofit, Lake Pepin Legacy Alliance received the randomly drawn $1,000 prize, Urban Boatbuilders received $500, and Gilda’s Club Twin Cities and The Jerimiah Program both received $250.

Download the Spave app today on the App Store or Google Play.


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