Our Investment in Springbank
by Meredith Lawrence
This week our friends at Springbank announced their debut fund with $35 million in capital commitments, and we are thrilled to partner with them. Courtney, Elana, and Jen were introduced to us by our partners at Union Square Ventures as they began putting together their new fund. We couldn’t be happier to share the news of their initial fund.
Springbank is an early-stage venture fund building the infrastructure to support women and working families. The companies they are backing are building the tools, products, and services that define the future of inclusive work, the new care economy, and the next wave of financial progress. They started Springbank with a singular belief that the needs of women and working families were under-estimated, under-innovated, and under-invested. Areas like flexible and remote work, care infrastructure, women’s health, and the financial health and productivity of households have historically been viewed as “women’s issues” and therefore nice – but not need – to have. Their perspective is that these are in fact “everyone issues” that greatly impact our society, labor markets, and economy at large. Since starting Springbank in 2019 they have partnered with incredible founders actively building for a more equal future, including: Carefull, Copper Banking, Daivergent, Dandi, Great Wrap, Guaranteed, Little Otter, PlantBaby, Season Health, Summer Health, Wellthy.
Springbank is a great example of our network-driven model of investing, and we look forward to continuing our close partnership with them. Congratulations, Courtney, Elana, and Jen! You can read more about their new fund here and here.