SpringTime Ventures is thrilled to announce its $25 million second fund, enabling the firm to expand its team and geography focus. At the firm’s inception, the original focus was on companies building in SpringTime’s home state of Colorado with no sector specificity. With Fund II, the firm will now go broad geographically—companies anywhere in the USA—while narrowing the sector focus to health, fintech, logistics/supply chain, and marketplace models. This sector foci allows the firm to better leverage its LP base, manage a robust diligence process in an efficient manner, and provide more strategic support to portfolio companies.
This second fund counts 120 individuals as LPs and allows the firm to write $400,000 to $600,000 checks into software-based companies across the country.