# Greenspring Associates: portfolio, investments and team > Greenspring Associates is a private equity based in United States. 56 investments on record, latest Dec 2019. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/greenspring-associates (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Greenspring Associates No cheque observed since Dec 2019, after 56 earlier cheques, and the website is dead. Dormant New fund $20M, Mar 2021 Private equity Seed Series A Series B Biotechnology Climate & Impact ClimateTech & CleanTech Cheques on record **0%** of best year **0** **cheques in 12 months**, 56 on record Since the last cheque **2506** days **00** hrs **00** min **00** sec Median round **$52M** Cheque size, as they say **$15M – $50M** Rounds led **3 of 56** Sole investor **2 rounds** Exits **8 from the portfolio** Mostly in **United States, 97%** Pitch Greenspring Associates ## Greenspring Associates highlights - 01 56 rounds on record - 02 Mostly Series D and Series C: 65% of its rounds - 03 Sole investor in 2 rounds, median $26M - 04 8 exits from the portfolio ## What they do > Filed 1 private fund offering with the SEC, the most recent in 2016-03 From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** $15M – $50M as they say - **Stages:** Seed Series A Series B Growth Pre-IPO - **Sectors:** Biotechnology Climate & Impact ClimateTech & CleanTech - **Based in:** Owings Mills, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **56 appearances** - **2019** 13 rounds - **Dec** **[LogicGate](https://millionrounds.com/company/logicgate)** Series B · US · FinSMEs **$25M** With 3 others - **Dec** **[Bright Health](https://millionrounds.com/company/bright-health)** Series D · US · FinSMEs **$635M** With 8 others - **Oct** **[Bowery Valuation](https://millionrounds.com/company/bowery-valuation)** US · Therealdeal **$8.0M** With 2 others - **Sept** **[Tipalti](https://millionrounds.com/company/tipalti)** Series D · US · FinSMEs **$76M** With 3 others - **Sept** **[Grove Collaborative](https://millionrounds.com/company/grove-collaborative)** Series D · US · FinSMEs **$150M** With 8 others - **Jul** **[Socio](https://millionrounds.com/company/socio)** Series A · US · FinSMEs **$6.0M** With 1 other - **Jul** **[TurnKey Vacation Rentals](https://millionrounds.com/company/turnkey-vacation-rentals)** US · FinSMEs **$48M** With 3 others - **Jul** **[MoneyLion](https://millionrounds.com/company/moneylion)** Series C · US · TechCrunch **$100M** *Led* - **May** **Logz.io** Series D · IL · FinSMEs **$52M** With 5 others - **May** **[Xometrty](https://millionrounds.com/company/xometrty)** US · FinSMEs **$50M** *Led* - **May** **[Health IQ](https://millionrounds.com/company/health-iq)** Series D · US · FinSMEs **$55M** *Led* - **Apr** **[Intrinsic Therapeutics](https://millionrounds.com/company/intrinsic-therapeutics)** US · FinSMEs **$52M** With 4 others - **Jan** **[OneLogin](https://millionrounds.com/company/onelogin)** US · FinSMEs **$100M** With 2 others - **2018** 1 round - **Jun** **[Scopely](https://millionrounds.com/company/scopely)** Series C · US · Variety **$100M** With 1 other - **2017** 1 round - **Jan** **[MoneyLion](https://millionrounds.com/company/moneylion)** Series B · US · FinSMEs **$42M** With 3 others - **2016** 3 rounds - **Oct** **[Everything But The House](https://millionrounds.com/company/everything-but-the-house)** Series C · US · FinSMEs **$42M** Sole investor - **Oct** **[Oblong Industries](https://millionrounds.com/company/oblong-industries)** US · VentureBeat **$65M** With 2 others - **May** **[JW Player](https://millionrounds.com/company/jw-player)** **$20M** With 5 others - **2015** 8 rounds - **Sept** **[CloudFlare](https://millionrounds.com/company/cloudflare)** Series D · US **$110M** With 10 others - **Aug** **[Everything But The House (EBTH)](https://millionrounds.com/company/everything-but-the-house-ebth)** Series B · US **$30M** With 3 others - **Jul** **[Kareo](https://millionrounds.com/company/kareo)** Series G · US **$55M** With 7 others - **Jul** **[Demandbase](https://millionrounds.com/company/demandbase)** Series G · US **$30M** With 7 others - **Jun** **[Namely](https://millionrounds.com/company/namely)** Series C · US **$45M** With 4 others - **Jun** **[WalkMe](https://millionrounds.com/company/walkme)** Series D · US **$25M** With 4 others - **Jun** **[High Alpha](https://millionrounds.com/company/high-alpha)** Venture · US **$35M** With 2 others - **Mar** **[Namely](https://millionrounds.com/company/namely)** Venture · US **$11M** With 4 others - **2014** 11 rounds - **Nov** **[Gigya](https://millionrounds.com/company/gigya)** Series F · US **$35M** With 8 others - **Oct** **[Kareo](https://millionrounds.com/company/kareo)** Debt · US **$15M** With 5 others - **Oct** **[Demandbase](https://millionrounds.com/company/demandbase)** Series F · US **$15M** With 5 others - **Oct** **[SolidFire](https://millionrounds.com/company/solidfire)** Series D · US **$82M** With 1 other - **Sept** **[Teladoc](https://millionrounds.com/company/teladoc)** Series C · US **$50M** With 9 others - **Sept** **[JW Player](https://millionrounds.com/company/jw-player)** Series C · US **$20M** With 3 others - **Jun** **[Senseonics](https://millionrounds.com/company/senseonics)** Venture · US **$20M** With 4 others - **Feb** **[AtTask](https://millionrounds.com/company/attask)** Series D · US **$38M** With 1 other - **Feb** **[Workfront](https://millionrounds.com/company/workfront)** Series D · US **$38M** With 2 others - **Jan** **[Kareo](https://millionrounds.com/company/kareo)** Series F · US **$30M** With 2 others - **Jan** **[Nutanix](https://millionrounds.com/company/nutanix)** Series D · US **$101M** With 6 others - **2013** 2 rounds - **Dec** **[CloudFlare](https://millionrounds.com/company/cloudflare)** Series C · US **$50M** With 4 others - **Sept** **[Gigya](https://millionrounds.com/company/gigya)** Series E · US · techcrunch.com **$25M** With 4 others - **2012** 7 rounds - **Dec** **[IntegenX](https://millionrounds.com/company/integenx)** Series C · US · sec.gov **$49M** With 6 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **15 named** BE **Bendukai Edward Bouey** Chief Compliance Officer i Form ADV CA **C. Ashton Newhall** Officer of the Managing Member of the General Partner i Filing they signed CA **Carrie Ashton McIntyre** Chief Financial Officer of Greenspring. i Filing they signed DY **David Yongil Park** Chief Financial Officer i Form ADV EA **Eric Ashton Thompson** Officer of the Managing Member of the General Partner i Filing they signed JA **James Ashton Lim** Officer of the Managing Member of the General Partner i Filing they signed JP **Jason Paul Ment** President and Co-Chief Operating Officer, Partner i Form ADV JY **Jennifer Yayoi Ishiguro** Chief Legal Officer, Partner i Form ADV JA **John Avirett** Partner of Greenspring. i Filing they signed JA **Jose Agustin Fernandez** Co-Chief Operating Officer, Partner i Form ADV LA **Lindsay Ashton Redfield** Chief Financial Officer of Greenspring. i Filing they signed RW **Robert Wilburn Long** Chief Executive Officer i Form ADV SW **Scott William Hart** Chief Executive Officer i Form ADV TP **Thomas Porter Keck** Head of Portfolio Management, Partner i Form ADV TA **Timothy Adair Smith** Chief Operating Officer & Chief Financial Officer i Form ADV We also hold **20** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$126B** assets it manages, 2 advisers combined Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Stepstone Group LP - **SEC number:** CRD 143635 Funds on its Form ADV **333** private funds, **$93B** in gross assets · filed Jul 2024 Private equity **294** Venture **36** Hedge **2** - Stepstone H Opportunities Fund, L.P. *Private equity* 3 investors $17B - Stepstone K Strategic Opportunities Fund IV, L.P. *Private equity* 3 investors $3.5B - Stepstone Secondary Opportunities Fund V Offshore Holdings, L.P. *Private equity* 138 investors $3.0B - Stepstone K Strategic Opportunities Fund III, L.P. *Private equity* 3 investors $2.9B - Stepstone VC Secondaries Fund V, L.P. *Private equity* 1,142 investors $2.2B - Stepstone Secondary Opportunities Fund IV Offshore Holdings, L.P. *Private equity* 116 investors $1.9B - Stepstone VC Secondaries Fund VI L.P. *Private equity* 463 investors $1.6B - Stepstone VC Global Partners X-A, L.P. *Private equity* 465 investors $1.4B - Stepstone VC Global Partners IX-A, L.P. *Venture* 301 investors $1.4B - Stepstone Capital Partners V Offshore Holdings, L.P. *Private equity* 120 investors $1.4B And 323 more on the filing. ## Exits from the portfolio Companies it backed that were later bought or listed **8 in all** **[Workfront](https://millionrounds.com/company/workfront)** Bought by [Adobe](https://millionrounds.com/fund/adobe) **$1.5B** Nov 2020 **[Intronis](https://millionrounds.com/company/intronis)** Bought by [Barracuda Networks](https://millionrounds.com/fund/barracuda-networks) **Undisclosed** Sept 2015 **[Cloud Sherpas](https://millionrounds.com/company/cloud-sherpas)** Bought by [Accenture](https://millionrounds.com/fund/accenture-ventures) **Undisclosed** Sept 2015 **[Mavenir Systems](https://millionrounds.com/company/mavenir-systems)** Bought by [Mitel Networks Corporation](https://millionrounds.com/fund/mitel-networks-corporation) **$560M** Mar 2015 **[Cvent](https://millionrounds.com/company/cvent)** Listed **$118M** Jul 2013 **[ExactTarget](https://millionrounds.com/company/exacttarget)** Bought by Salesforce **$2.5B** Jun 2013 **[ExactTarget](https://millionrounds.com/company/exacttarget)** Listed **Undisclosed** Mar 2012 **[BARRX Medical](https://millionrounds.com/company/barrx-medical)** Bought by [Covidien](https://millionrounds.com/fund/covidien) **$325M** Nov 2011 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$20M** raised in Mar 2021 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$52M** the round, not its cheque Alone, median **$26M** Led 3 of 56 rounds **5%** - **Said size:** $15M – $50M - **Sole investor:** 2 rounds - **Last cheque:** Dec 2019 - **Exits:** 8 from the portfolio Rounds by stage said on their site - Series D *15* - Series C *11* - Venture *6* - Series E *4* - Series B said *4* - Seed said *-* - Series A said *-* Cheques by year Led Joined 2010 2019 Often in the room with - [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 7 - [Scale Venture Partners](https://millionrounds.com/fund/scale-venture-partners) 5 - [Escalate Capital](https://millionrounds.com/fund/escalate-capital) 4 - [OpenView](https://millionrounds.com/fund/openview) 4 - [SVB Capital](https://millionrounds.com/fund/svb-capital) 4 - [Adobe Systems](https://millionrounds.com/fund/adobe-systems) 3 **Pitching Greenspring Associates?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Greenspring Associates. A count of rooms they were both in, not a relationship either has claimed. [**New Enterprise Associates** VC firm **7** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Scale Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/scale-venture-partners)[**Escalate Capital** Private credit **4** rounds together](https://millionrounds.com/fund/escalate-capital)[**OpenView** VC firm **4** rounds together](https://millionrounds.com/fund/openview)[**SVB Capital** VC firm **4** rounds together](https://millionrounds.com/fund/svb-capital)[**Adobe Systems** VC firm **3** rounds together](https://millionrounds.com/fund/adobe-systems)[**Alloy Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/alloy-ventures)[**Altos Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/altos-ventures)[**Benchmark** VC firm **3** rounds together](https://millionrounds.com/fund/benchmark)[**DAG Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/dag-ventures)[**Delphi Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/delphi-ventures)[**Greycroft** VC firm **3** rounds together](https://millionrounds.com/fund/greycroft) ## Recently backed The latest companies Greenspring Associates put money into. [**LogicGate** $25M · Dec 2019](https://millionrounds.com/company/logicgate)[**Bowery Valuation** $8.0M · Oct 2019](https://millionrounds.com/company/bowery-valuation)[**Tipalti** $76M · Sept 2019](https://millionrounds.com/company/tipalti)[**Grove Collaborative** $150M · Sept 2019](https://millionrounds.com/company/grove-collaborative)[**TurnKey Vacation Rentals** $48M · Jul 2019](https://millionrounds.com/company/turnkey-vacation-rentals)[**MoneyLion** $100M · Jul 2019](https://millionrounds.com/company/moneylion) ## On podcasts 2 episodes naming Greenspring Associates in the title, and 4 more that mention it. - [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 24 Jun 2020 · 52 min Hunter Somerville, Greenspring Associates With [Hunter Somerville](https://millionrounds.com/person/hunter-somerville) Mentions [Greenspring Associates](https://millionrounds.com/fund/greenspring-associates)[Bullpen Capital](https://millionrounds.com/fund/bullpen-capital)[Fika Ventures](https://millionrounds.com/fund/fika-ventures) *+2* Apple PodcastsShow page - [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 21 Jan 2019 · 38 min 20VC: The Framework LPs Use To Assess Emerging Managers, What Concerns and Excites LPs in Potential Opportunities & The Current State of Seed Today with Hunter Somerville, Partner @ Greenspring Associates With [Hunter Somerville](https://millionrounds.com/person/hunter-somerville) Mentions [Greenspring Associates](https://millionrounds.com/fund/greenspring-associates)[Accel](https://millionrounds.com/fund/accel)[Founders Fund](https://millionrounds.com/fund/founders-fund) *+1* Apple PodcastsShow page ### Mentioned in - [The Neon Show](https://millionrounds.com/podcasts/neon-show) 6 Jun 2024 · 1h 2m Global VC's Honest Opinion About India's Startup Ecosystem Explained | Stepstone Group Partner Apple Podcasts - [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 3 Oct 2023 · 1h 4m Q4 Market Predictions w/ Ed Sim (Boldstart) & Seyonne Kang (StepStone) Apple PodcastsShow page - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 19 May 2023 · 41 min Dealing with the realities of today's venture market: A conversation with top allocator StepStone's Seyonne Kang Apple PodcastsShow page - [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 3 Mar 2023 · 51 min 20VC: Will LPs Pull Out of Existing Managers, How Will Fund Sizes Change Moving Forward, Is Now The Time to be Aggressive on Secondaries, What is the Discount on Secondaries Today, Who Will Win and Lose in the Next Five Years with Hunter Somerville, Partn Apple PodcastsShow page ## Quick answers about Greenspring Associates ### What does Greenspring Associates invest in? Greenspring Associates invests most often at Series D and Series C (65% of the rounds on record), in sectors such as Biotechnology, Climate & Impact and ClimateTech & CleanTech. ### How active is Greenspring Associates? 56 investments on record, 0 of them in the last 12 months, and it led 3. The most recent was in Dec 2019. ### What has Greenspring Associates invested in recently? Its most recent investments on record: LogicGate (Series B, Dec 2019), Bright Health (Series D, Dec 2019) and Bowery Valuation (Undisclosed round, Oct 2019). ### How big are Greenspring Associates's cheques? The median round it joins is $52M. It says it writes cheques of $15M to $50M. ### Does Greenspring Associates lead rounds? Sometimes: it led 3 of its 56 investments on record (5%). ### Where does Greenspring Associates invest? Most of the companies it backs are in the United States (97%). ### Is Greenspring Associates investing now? It looks quiet: no investment on record since Dec 2019. ### Who does Greenspring Associates invest alongside? Most often New Enterprise Associates (7 rounds together), Scale Venture Partners (5 rounds together) and Escalate Capital (4 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=greenspring-associates) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=greenspring-associates)