# Spring Ventures: portfolio, investments and team

> Spring Ventures is an advisor based in Denmark. 10 investments on record, latest Nov 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/spring-ventures (Millionrounds; every figure on the page links to its filing or article)

Denmark · [Investor](https://millionrounds.com/investors)

# Spring Ventures

Last cheque observed Nov 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Advisor Website unconfirmed

Seed Series A Debt Venture Capital & Private Equity

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 10 on record

Since the last cheque **2531** days **00** hrs **00** min **00** sec

Median round **$7.5M** Rounds led **0 of 10** Sole investor **3 rounds** Exits **1 from the portfolio** Mostly in **United States, 80%**

Pitch Spring Ventures

## Spring Ventures highlights

- 01 10 rounds on record
- 02 Mostly Seed and Series A: 67% of its rounds
- 03 Sole investor in 3 rounds, median $2.5M
- 04 1 exits from the portfolio

## What they do

- **Type:** Advisor
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Based in:** Copenhagen, Denmark
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=spring-ventures).

## The record

Every round we can evidence, newest first **10 appearances**

- **2019** 2 rounds
- **Nov** **Perimeter 81** Series A · IL · FinSMEs **$10M** With 1 other
- **Mar** **Perimeter 81** IL · FinSMEs **$5.0M** Sole investor
- **2012** 6 rounds
- **Jul** **[Mosaic](https://millionrounds.com/company/mosaic)** Venture · US **$920K** Sole investor
- **Jun** **[Flutter](https://millionrounds.com/company/flutter)** Seed · US · techcrunch.com **$1.4M** With 8 others
- **May** **[Mosaic](https://millionrounds.com/company/mosaic)** Series A · US · techcrunch.com **$2.5M** Sole investor
- **Mar** **[EOS Climate, Inc.](https://millionrounds.com/company/eos-climate-inc)** Series A · US **$5.0M** With 1 other
- **Feb** **[ZeaChem](https://millionrounds.com/company/zeachem)** Series C · US · onbiovc.com **$19M** With 5 others
- **Jan** **[Munchery](https://millionrounds.com/company/munchery)** Seed · US **Undisclosed** With 3 others
- **2011** 1 round
- **Dec** **[Sidecar](https://millionrounds.com/company/sidecar)** Seed · US · techcrunch.com **Undisclosed** With 13 others
- **2010** 1 round
- **Jan** **[Oorja Fuel Cells](https://millionrounds.com/company/oorja-fuel-cells)** Debt · US · deals.venturebeat.com **$450K** With 5 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

We hold **1** person 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 they claim to have backed

From their own portfolio page (on their website)

**0** of 3 we have independently watched raise

Attavik web Mohocon web Shaeps web

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Flutter](https://millionrounds.com/company/flutter)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$40M** Oct 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Debt

Median round joined **$7.5M** the round, not its cheque Alone, median **$2.5M**

Led 0 of 10 rounds **0%**

- **Sole investor:** 3 rounds
- **Last cheque:** Nov 2019
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed *3*
- Series A *3*
- Debt *1*
- Series C *1*
- Venture *1*

Cheques by year Led Joined

2010 2019

Often in the room with

- [Firelake Capital Management](https://millionrounds.com/fund/firelake-capital-management) 2
- [Lisa Gansky](https://millionrounds.com/fund/lisa-gansky) 2

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## Who they invest alongside

The investors most often in the same rounds as Spring Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Firelake Capital Management** Growth equity **2** rounds together](https://millionrounds.com/fund/firelake-capital-management)[**Lisa Gansky** Angel **2** rounds together](https://millionrounds.com/fund/lisa-gansky)

## Quick answers about Spring Ventures

### What does Spring Ventures invest in?

Spring Ventures invests most often at Seed and Series A (67% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Spring Ventures?

10 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2019.

### What has Spring Ventures invested in recently?

Its most recent investments on record: Perimeter 81 (Series A, Nov 2019).

### How big are Spring Ventures's cheques?

The median round it joins is $7.5M.

### Does Spring Ventures lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

### Where does Spring Ventures invest?

Most of the companies it backs are in the United States (80%) and Israel (20%).

### Is Spring Ventures investing now?

No investments in the last 12 months; the latest was in Nov 2019.

### Who does Spring Ventures invest alongside?

Most often Firelake Capital Management (2 rounds together) and Lisa Gansky (2 rounds together).

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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=spring-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=spring-ventures)
