What is Spring?
Spring operates as a comprehensive human resources and staffing company, providing essential HR solutions and recruitment services to a diverse clientele of businesses and individual customers. Headquartered in Sharpsburg, Maryland, the company is dedicated to streamlining HR processes and connecting organizations with highly qualified talent. Spring's offerings include advanced human resource management tools and targeted recruitment strategies designed to optimize workforce acquisition and management for its clients.
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 Box Group, Google Ventures, SV Angel, Thrive Capital, and Lerer Hippeau Ventures
Series B (2015): $25M led by Box Group
Series C (2017): $65M supported by Fidelity, Thrive Capital, and BoxGroup
Key Investors in Spring
Box Group
BoxGroup is an early-stage investment fund focused on technology companies across various sectors, including climate, fintech, and software. They invest in innovative ideas and support ventures ranging from developer tools to marketplaces and frontier tech.
Fidelity
Fidelity Investments is an international provider of financial services and investment resources that help individuals and institutions meet their financial objectives.
Thrive Capital
Thrive Capital is an investment venture capital company based in New York, primarily dealing in internet and software investments.
What's next for Spring?
The recent major strategic investment in Spring signals a pivotal phase for the company, likely aimed at accelerating its market penetration, enhancing its technological infrastructure, and expanding its service portfolio. As a company that has consistently attracted significant backing, Spring is well-positioned to leverage this capital for further innovation in HR technology and staffing solutions. Future growth is expected to focus on scaling operations, potentially through strategic partnerships or acquisitions, and further solidifying its competitive edge in the dynamic HR landscape.
See full Spring company page
