About Greenspring Associates
Greenspring Associates is a venture capital firm founded in 2000. It is primarily based out of Owings Mills, United States. As of Aug 2022, Greenspring Associates has invested in 187 companies. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and High Tech. Most recently it led the $23.4M Series D round of Electric along with Bessemer Venture Partners. This round also saw participation from Harmonic.
Overall, Greenspring Associates portfolio has seen 26 unicorns, 23 IPOs and 90 acquisitions including key companies like CloudFlare, Moneylion and Roblox. A lot of funds co-invest with Greenspring Associates, with names like SVB sharing a substantial percentage of its portfolio.
Greenspring Associates has team of 9 people including 2 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series D &
Portfolio IPOs
Portfolio Soonicorns
Greenspring Associates' List of Top Investments
Greenspring Associates has a portfolio of 187 companies, including 26 unicorns. Their most notable investments are in Health IQ and Lev.Their portfolio spans across United States, Australia, CanadaÌý²¹²Ô»å 11 more locations. They have invested in Enterprise Applications, Life Sciences, High TechÌý²¹²Ô»å 28 other sectors, across stages such as Series C, Series D Ìý²¹²Ô»å 9 more. Here is the list of top investments by Greenspring Associates:1. CloudFlare
Cloud based website security solutions. It is a cloud-based platform providing website security, performance, and content delivery solutions for businesses, enabling them to connect, protect, and build the online presence securely.
Key facts about CloudFlare
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1.67B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $332M
- Employee Count: 4,263 as on Dec 31, 2024
- Investors: Venrock, HTIF and 17 Others
- Latest Funding Round: Post IPO, Aug 2021, $1.29B
- Highlight: Public
2. Moneylion
Online platform for instant consumer loans and mobile banking. Its product offerings include installment loans, line of credit, pre-paid debit cards, and point-of-sale financing. It also offers loan comparison, savings, investments, and more.
Key facts about Moneylion
- Founded Year: 2013
- Location: Sandy (United States)
- Annual Revenue: $341M as on Dec 31, 2022
- Last Known Valuation: $1B as on Jul 23, 2019
- Stage: Acquired
- Total Funding till date: $268M
- Employee Count: 296 as on Dec 31, 2023
- Investors: Greenspring Associates, Macquarie Group and 20 Others
- Latest Funding Round: Series C, Jul 23, 2019, $160M
- Highlight: Acquired
3.
SaaS-based corporate travel and expense management solution for businesses. It provides reward points to business travelers with the airline loyalty program. The platform offers an online booking tool, inventory management, payments, automated expense management and reports, customer reviews, program management, reporting, and more. Its app is available for iOS and Android devices.
Key facts about Navan
- Founded Year: 2015
- Location: Palo Alto (United States)
- Annual Revenue: ₹29.1Cr as on Mar 31, 2024
- Stage: Series G
- Total Funding till date: $1.28B
- Employee Count: 847 as on Dec 31, 2021
- Investors: Goldman Sachs, Greenspring Associates and
- Latest Funding Round: Conventional Debt, Dec 08, 2022, $400M
- Highlight: Editors' Pick
4.
Online platform for creating graphic images. It allows professionals to edit images for presentations, invitations, posters, flyers, business cards, and more. The platform offers pre-designed templates and effects. It also provides a stock library of photographs, illustrations, and imagery. Users can add text, photo enhancers, blur, vignettes, grids, icons, frames, stickers, badges, texture, and others. The application is available for Android and iOS users.
Key facts about Canva
- Founded Year: 2012
- Location: Surry Hills (Australia)
- Annual Revenue: 394M AUD as on Dec 31, 2020
- Valuation: $49B as on Oct 31, 2024
- Stage: Series F
- Total Funding till date: $589M
- Employee Count: 1 as on Dec 31, 2024
- Investors: InterWest Partners, T. Rowe Price and
- Latest Funding Round: Series F, May 01, 2024, $8M
- Highlight: Editors' Pick
5. Roblox
Online gaming platform for developing web and mobile games. The platform enables its users to create its own games through simple drag and drop mechanisms. It has developed Roblox an action game. It generates revenue through virtual purchases in-game by the use of a virtual currency Robux. The platform follows a revenue share model for game developers.
Key facts about Roblox
- Founded Year: 2005
- Location: San Mateo (United States)
- Annual Revenue: $2.23B as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $918M
- Employee Count: 947 as on Dec 31, 2022
- Investors: Sunrise Ventures, Darwin Ventures and 20 Others
- Latest Funding Round: Series H, Jan 06, 2021, $520M
- Highlight: Public
Greenspring Associates' Year-on-Year Investment Trends
Greenspring Associates has invested in 188 companies over the last 23 years, with an average of 7 new investments annually in the last 10 years. Its most recent first time investment was in Turing and most recent follow-on round was in Blockdaemon.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 2 | 2 |
2021 | 23 | 10 | 33 |
2020 | 12 | 4 | 16 |
2019 | 18 | 6 | 24 |
2018 | 6 | 1 | 7 |
2017 | 6 | 2 | 8 |
2016 | 4 | 3 | 7 |
Get Greenspring Associates' portfolio delivered to your inbox!
Greenspring Associates' Investments by Stage
Greenspring Associates is primarily an Late Stage Investor investor majorly investing in Series C (35) rounds where average round size is $2.15B, Series D (27) rounds where average round size is $1.84B and Series B (20) rounds where average round size is $886M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series C | 35 |
Series D | 27 |
Series B | 20 |
Series E | 12 |
Series A | 7 |
Others | 7 |
Greenspring Associates' Investments by Sector
Greenspring Associates has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Life Sciences, High Tech and FinTech. Notably, it has invested in 167 Tech companies, 137 Enterprise (B2B) companies, 74 Software companies and at least 63 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 52 |
Enterprise Infrastructure | 25 |
Life Sciences | 21 |
High Tech | 15 |
FinTech | 14 |
Others | 94 |
Greenspring Associates' Investments by Geography
Greenspring Associates has made most investments in United States (100), followed by Canada where it has made 3 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 100 |
Canada | 3 |
Israel | 2 |
Australia | 1 |
Colombia | 1 |
Others | 3 |
Greenspring Associates' recent investments
Here are the most recent investments by Greenspring Associates:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 28, 2022 | United States | Series C | $28M | [+4] | |
Mar 29, 2022 | United States | Series D | $23.4M | Harmonic [+1] | |
Dec 20, 2021 | United States | Series D | $87M | [+9] | |
Nov 17, 2021 | United States | Series C | $94M | - | |
Nov 09, 2021 | United States | Series D | $120M | Raine [+10] |
Get the detailed list of all investments by Greenspring Associates. Download now!Unicorns in Greenspring Associates' Portfolio
Here is a list of unicorns in Greenspring Associates' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Online platform for a workplace savings program | 2016 | New York City | Series D | fzdourc | ||
63 | Cloud-based data security and governance solutions | 2015 | Boston | Series E | kz{m{{u | ||
63 | Product content management and syndication platform for businesses | 2012 | Boston | Series F | {r{yais | ||
46 | IT management software company | 2016 | New York City | Series D | leewujb | ||
62 | Developer of high-power microwave systems for electronic warfare and air domain awareness | 2017 | Los Angeles | Series D | dcrbuwk |
IPOs and Publicly Listed companies in Greenspring Associates' Portfolio
Here are Greenspring Associates' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 29, 2022 | Sep 08, 2021 | Series D | $135M | |
Oct 29, 2021 | Mar 31, 2021 | Series B | $116M | |
Aug 24, 2021 | Nov 15, 2018 | Series E | $140M | |
Jul 30, 2021 | - | - | - | |
Jun 30, 2021 | May 13, 2019 | Series D | $50M |
Acquired companies in Greenspring Associates' Portfolio
Here are Greenspring Associates' portfolio companies that got acquired most recently:
Team profile of Greenspring Associates
Greenspring Associates has a team of 9 membersÌýincluding 2 Partners and 1 Venture PartnerÌýlocated in United States. Greenspring Associates' team does not sit on the board of any company as of now.Here is a list of all team members in Greenspring Associates:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Owings Mills | - | - | |
Partner | Owings Mills | - | ||
Venture Partner | Washington, DC | - | - | |
Advisor | Miami | - | - | |
Associate | Baltimore | - | ||
Analyst | United States | - | - | |
Analyst | Washington, DC | - | - | |
Analyst | New York City | - | - | |
Analyst | Philadelphia | - | - |
Get the full list of Greenspring Associates' team & partners for free. Download now!Co-investors of Greenspring Associates
Over the past 23 years, 949 investors have co-invested in Greenspring Associates's portfolio companies.
- Invested before Greenspring Associates:ÌýNew Enterprise Associates, Greycroft and 433 others have invested in rounds before Greenspring Associates. There are 9 companies where New Enterprise Associates has invested before Greenspring Associates and 8 companies where Greycroft has invested before Greenspring Associates.
- Top Co-investors of Greenspring Associates:Ìý269 investors entered a company along with Greenspring Associates. These include investors like SVB (6 companies).
- Invested after Greenspring Associates:ÌýA total of 245 investors have invested in Greenspring Associates's portfolio after their investments. Top Investors include StepStone Group (11 companies), T. Rowe Price (4 companies) and Capital One Ventures (3 companies).
Get full list of Greenspring Associates' co-investors delivered to your inbox!
Recent News related to Greenspring Associates
•
Hunt Scanlon•Nov 23, 2021•Trusted Health, Greenspring Associates, Craft Ventures, Felicis Ventures and 3 others
•
•
•
AlleyWatch•Oct 19, 2021•Electric, Notable Capital, Bessemer Venture Partners, Primary Venture Partner and 7 others
•
•
Silicon Republic•Sep 24, 2021•Blockdaemon, SoftBank, Goldman Sachs, SoftBank Vision Fund and 13 others
•
•
Finance Magnates•Sep 22, 2021•Blockdaemon, SoftBank Vision Fund, , Sapphire Ventures and 10 others
•
•
