What is Spring Global?
Spring Global, founded in 2001 and headquartered in Reston, Virginia, specializes in providing mobile applications tailored for retailers and consumer goods companies. The company has a long-standing history of operations, evolving its offerings to meet the dynamic needs of the retail and consumer goods industries through mobile technology solutions. Its strategic focus on enterprise-level applications positions it as a key player in enabling digital transformation for its clients.
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 Darby Technology Ventures, New Enterprise Associates, and Ideiasnet SA
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
Darby Technology Ventures
Darby Overseas Investments Ltd operates as a specialized fund management firm serving institutional and accredited investors through carefully structured private investment vehicles. The company has developed deep expertise in managing complex investment portfolios tailored to meet the sophisticated needs of its client base, combining rigorous analytical frameworks with strategic market positioning to deliver targeted investment outcomes.
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California. New Enterprise Associates(NEA) is a venture capital firm focused on helping entrepreneurs build businesses.
Ideiasnet SA
Ideiasnet is a publicly traded company, which invests in companies in the Technology, Media and Telecommunications sectors (TMT). It holds interests in large companies, market leaders and companies in the development phase with high potential for gains in scale and consolidation of the leadership position in their segments of operation.
What's next for Spring Global?
With the recent influx of major strategic investment and a substantial total funding amount of $108M, Spring Global is poised for accelerated expansion and innovation. The company's enterprise-level funding context suggests a focus on scaling operations, enhancing its product suite, and potentially exploring new market segments or strategic partnerships. This capital infusion is expected to fuel further development of its mobile application solutions, reinforcing its competitive edge in serving the retail and consumer goods sectors.
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