Six months after $300M exit, Global Data Consortium co-founder Bill Spruill unveils ‘family’ venture


Bill Spruill; Global Data Consortium; Social Venture


The ink has barely dried on Global Data Consortium’s (GDC) $300 million exit to UK-based London Stock Exchange Group (LSEG), but its co-founder Bill Spruill is already plugging his next venture: a “family business” called 2ndF.

Six months after handing over the reins to his global identification verification platform, the long-time Raleigh entrepreneur is setting up an enterprise aimed at driving “inclusive” growth in the Triangle’s tech ecosystem.

Equal parts angel investing, community outreach and education, he says he’s excited about this next phase. He also has some lofty goals: “national dominance by 2033.”

“I call it the ‘House of Good Deeds,”’ said Spruill, who’s in the midst of renovating an office for his team of four to be headquartered at  the Smoky Hollow complex in downtown Raleigh. It’s set to be open this spring.

“It’s very much a family office with family money backing it up,” he said. “We have no LPs; no one else to answer to, except for the work we’re doing in our own community.”


by Chantal Allam 




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