What is Spring Global?
Founded in 2001 and headquartered in Reston, Virginia, Spring Global specializes in providing mobile applications tailored for the retail and consumer goods sectors. The company's solutions aim to enhance operational efficiency and customer engagement within these industries. Its strategic focus on mobile technology positions it to capitalize on the increasing digitization of commerce and supply chain management.
How much funding has Spring Global raised?
Spring Global has raised a total of $108M across 8 funding rounds:
Series C
$56M
Debt
$6.3M
Series D
$12M
Debt
$16.8M
Debt
$6M
Private Equity
$6.7M
Debt
$150K
Series C (2008): $56M led by Ideiasnet SA, Darby Technology Ventures, and New Enterprise Associates
Debt (2009): $6.3M, investors not publicly disclosed
Series D (2010): $12M, investors not publicly disclosed
Debt (2012): $16.8M, investors not publicly disclosed
Debt (2013): $6M, investors not publicly disclosed
Private Equity (2016): $6.7M, investors not publicly disclosed
Debt (2020): $150K supported by PPP
Key Investors in Spring Global
Ideiasnet SA
Ideiasnet SA is a publicly traded investment firm focused on the Technology, Media, and Telecommunications (TMT) sectors, known for backing market leaders and high-potential growth companies.
Darby Technology Ventures
Darby Overseas Investments Ltd is a specialized fund management firm that caters to institutional and accredited investors, with expertise in managing complex private investment portfolios.
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm established in 1977, dedicated to supporting entrepreneurs in building and scaling their businesses.
What's next for Spring Global?
The recent major strategic investment indicates that Spring Global is likely poised for significant scaling and market expansion. This capital infusion will probably be directed towards enhancing its product offerings, broadening its technological capabilities, and strengthening its market presence. The company's trajectory suggests a move towards solidifying its leadership in the mobile solutions space for retail and consumer goods, potentially exploring new verticals or deepening its existing market penetration.
See full Spring Global company page
