What is Spring?
Headquartered in Sharpsburg, Maryland, Spring operates as a specialized provider of human resource solutions and staffing services. The company distinguishes itself by offering a comprehensive suite of digital tools designed to streamline complex HR processes, including recruitment, talent management, and workforce optimization. By integrating advanced software capabilities with traditional staffing expertise, Spring serves as a critical partner for organizations seeking to enhance their operational efficiency and human capital management. Its market position is defined by a dual-focus approach, catering to both individual job seekers and large-scale corporate clients, thereby creating a versatile ecosystem for talent mobility.
How much funding has Spring raised?
Spring has raised a total of $97.5M across 3 funding rounds:
Series A
$7.5M
Series B
$25M
Series C
$65M
Series A (2014): $7.5M with participation from Lerer Hippeau Ventures, SV Angel, Thrive Capital, Box Group, and Google Ventures
Series B (2015): $25M led by Box Group
Series C (2017): $65M supported by Fidelity, Thrive Capital, and BoxGroup
Key Investors in Spring
Lerer Hippeau Ventures
Lerer Hippeau is a venture capital firm focused on investing in innovative startups, particularly in the early stages such as Seed and Pre-Seed rounds.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses by providing essential resources and strategic insights.
Thrive Capital
Thrive Capital is an investment venture capital company that operates out of New York, primarily dealing in internet and software investments.
What's next for Spring?
Looking ahead, the strategic deployment of the $65M capital is expected to accelerate Spring's product roadmap and market expansion efforts. As the company scales, the focus will likely shift toward enhancing its automated recruitment algorithms and expanding its footprint in the enterprise software landscape. By maintaining a strong balance sheet and leveraging the expertise of its high-profile investor base, Spring is well-positioned to capitalize on the increasing demand for digital-first HR solutions. The firm's ability to sustain growth through successive funding rounds suggests a long-term commitment to innovation in the competitive human capital technology sector.
See full Spring company page
