# Valspring Capital: portfolio, investments and team

> Valspring Capital is a vc firm based in United States. 3 investments on record, 1 in the last 12 months, latest Dec 2025.

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

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

# Valspring Capital

Last cheque observed Dec 2025; 3 cheques on record.

Email

VC firm Deploying now New fund $254M, Sept 2026

Growth Health Wellness Longevity

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Deploying now

**33%** of best year **1** **cheques in 12 months**, 3 on record

Since the last cheque **331** days **00** hrs **00** min **00** sec

Median round **$35M** Rounds led **2 of 3**

Pitch Valspring Capital

## Valspring Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series C and Series B: 100% of its rounds
- 03 Led 2 rounds

## What they do

> Founded by the former healthcare investment team of Bain Capital Ventures. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Growth
- **Sectors:** Health Wellness Longevity
- **Based in:** Boston, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2025** 3 rounds
- **Dec** **[Parallel Learning](https://millionrounds.com/company/parallel-learning)** Series B · US · AlleyWatch **$20M** *Led*
- **Jul** **[Small Door Veterinary](https://millionrounds.com/company/small-door-veterinary)** Series C · US · AlleyWatch **$55M** *Led*
- **Jul** **[Small Door](https://millionrounds.com/company/small-door)** Series C · US · AlleyWatch **$35M** With 7 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 **4 named**

AH **Amy Hulse Sievert** Head of Portfolio i Form ADV

TT **Trisha Tolerico Mccullagh** Chief Financial Officer i Form ADV

V(**Vikas (nmn) Sharma** Chief Compliance Officer i Form ADV

YC **Yumin Choi** SOLE MEMBER OF THE SOLE MEMBER OF THE GENERAL PARTNER i Filing they signed

We also hold **4** 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

**$337M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Valspring Capital Management, LP
- **SEC number:** CRD 318288

Funds on its Form ADV

**1** private fund, **$143M** in gross assets · filed May 2024

- Valspring Capital Fund I *Private equity* 30 investors $143M

## What they claim to have backed

From their own portfolio page (on their website)

**16** of 26 we have independently watched raise

[Pediatrica](https://millionrounds.com/company/pediatrica)[Smalldoorvet](https://millionrounds.com/company/small-door)[Zelis Primary](https://millionrounds.com/company/zelis)[able_to](https://millionrounds.com/company/ableto)[apixio](https://millionrounds.com/company/apixio)[auxilius](https://millionrounds.com/company/auxilius)[centivo](https://millionrounds.com/company/centivo)[healthjoy](https://millionrounds.com/company/healthjoy)[iodine](https://millionrounds.com/company/iodine)[kalderos](https://millionrounds.com/company/kalderos)[legacy](https://millionrounds.com/company/legacy)[m_pulse](https://millionrounds.com/company/mpulse)[oceans](https://millionrounds.com/company/oceans)[parallel](https://millionrounds.com/company/parallel-learning)[verana_health](https://millionrounds.com/company/verana-health)[vetsource](https://millionrounds.com/company/vetsource) Cardamom Koala-Logo-2 Nordicglobal ability covetrus payspan phoenix-logo-transparent (4) season topography ty_rx

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.

New fund on file

**$254M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth

Median round joined **$35M** the round, not its cheque

Led 2 of 3 rounds **67%**

- **Sole investor:** Never alone
- **Last cheque:** Dec 2025

Rounds by stage said on their site

- Series C *2*
- Series B *1*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Declaration Partners](https://millionrounds.com/fund/declaration-partners) 2
- [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) 2
- [Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) 2
- [Ring Capital](https://millionrounds.com/fund/ring) 2
- [Toba Capital](https://millionrounds.com/fund/toba-capital) 2

**Pitching Valspring Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Declaration Partners** Family office **2** rounds together](https://millionrounds.com/fund/declaration-partners)[**Lerer Hippeau** VC firm **2** rounds together](https://millionrounds.com/fund/lerer-hippeau)[**Primary Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/primary-venture-partners)[**Ring Capital** VC firm **2** rounds together](https://millionrounds.com/fund/ring)[**Toba Capital** VC firm **2** rounds together](https://millionrounds.com/fund/toba-capital)

## Recently backed

The latest companies Valspring Capital put money into.

[**Parallel Learning** $20M · Dec 2025](https://millionrounds.com/company/parallel-learning)[**Small Door** $35M · Jul 2025](https://millionrounds.com/company/small-door)

## Quick answers about Valspring Capital

### What does Valspring Capital invest in?

Valspring Capital invests most often at Series C and Series B (100% of the rounds on record), in sectors such as Health, Wellness and Longevity.

### How active is Valspring Capital?

3 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Dec 2025.

### What has Valspring Capital invested in recently?

Its most recent investments on record: Parallel Learning (Series B, Dec 2025), Small Door Veterinary (Series C, Jul 2025) and Small Door (Series C, Jul 2025).

### How big are Valspring Capital's cheques?

The median round it joins is $35M.

### Is Valspring Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Valspring Capital invest alongside?

Most often Declaration Partners (2 rounds together), Lerer Hippeau (2 rounds together) and Primary Venture Partners (2 rounds together).

### What kind of investor is Valspring Capital?

Valspring Capital is a VC firm based in Boston, United States.

### How much does Valspring Capital manage?

About $337M, as regulatory assets under management (Oct 2026).

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