Spring

Spring pursues a growth equity strategy focused on expansion and late-stage technology companies. The firm targets businesses that have achieved product-market fit and are ready to scale operations or expand into adjacent markets. Spring typically makes concentrated, direct equity investments and takes meaningful ownership positions.

The firm primarily invests in enterprise software, artificial intelligence and machine learning, financial technology, and digital health. Spring looks for companies where software is transforming large, traditional industries with recurring revenue models and demonstrated customer traction.

Spring invests at the growth and late stages, targeting companies that are past the venture phase and require expansion capital. The firm makes fewer, more concentrated bets than a typical venture firm and holds investments for longer periods. It combines investment capital with hands-on operational support to help portfolio companies scale.

Spring focuses on North America, with its headquarters in Washington. The firm primarily evaluates opportunities in the United States but can assess companies in other developed markets when the investment thesis aligns with its growth equity strategy.

Spring deploys capital through direct equity investments. The firm operates as a private equity manager, making concentrated investments in individual companies rather than operating as a fund-of-funds. This structure allows Spring to maintain close relationships with portfolio company management teams.