What is Spring?
Headquartered in Sharpsburg, Maryland, Spring specializes in delivering comprehensive HR solutions and staffing services to a diverse clientele, encompassing both businesses and individual clients. The company's offerings include advanced human resource management tools and efficient recruitment services, designed to optimize the process of connecting organizations with qualified talent while simultaneously streamlining internal HR operations. Spring's strategic approach aims to enhance operational efficiency and talent acquisition for its partners.
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 Google Ventures, Lerer Hippeau Ventures, Box Group, Thrive Capital, and SV Angel
Series B (2015): $25M led by Box Group
Series C (2017): $65M supported by Thrive Capital, BoxGroup, and Fidelity Investments
Key Investors in Spring
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, consumer products, and frontier technology innovations. GV operates globally, providing financial backing to promising startups and growth-stage businesses.
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. They aim to support founders with great ideas who are willing to tackle challenging problems.
Box Group
BoxGroup is an early stage investment fund that focuses on technology companies across various sectors including climate, fintech, and software. The firm invests in solo founders and innovative ideas, supporting ventures that range from developer tools to marketplaces and frontier tech.
What's next for Spring?
The recent major strategic investment signifies a pivotal moment for Spring, likely indicating a phase of accelerated scaling and market penetration. This capital infusion is expected to bolster product development, expand service offerings, and potentially drive geographic expansion. As Spring continues to evolve within the dynamic HR and staffing landscape, its strategic financial backing positions it to further solidify its market presence and innovate its service delivery.
See full Spring company page
