Greenspring Associates

Greenspring Associates

U.S-based venture capital firm providing investment for venture capital firms as well as startups.

Founded in 2000, Greenspring Associates is a venture capital firm. The firm was established by Ashton Newhall. It is primarily based from Owings Mills, Maryland although the firm also has offices in Palo Alto, California, and London, United Kingdom. As of February 2019, the firm is managing 51 companies in its portfolio and has sold off its shares in 78 companies. Its most recent investment was in February 2019 for YieldStreet, a company providing asset-based investments platform across industries such as real estate projects and small businesses to its users.

Funding

Greenspring Associates specializes in funding for venture capital firms although it also offers funding directly to companies. For venture capital firms, Greenspring Associates typically invests in growth equity managers, secondary fund investments, and later stage direct venture capital funds. As for companies, the firm invests in those at various stages of financing, from seed-stage to mezzanine. Greenspring Associates focuses on funding companies that are based in North America, Europe, Australia, China, and India. The firm prefers to fund companies that operate in the field of information technology, biotechnology, healthcare, and telecommunications. As of February 2019, it has managed to amass a fund total of $2.9 billion, with its most recent funding round held in January 2019. This funding round succeeded in raising $999 million.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Medtronic

A company providing medical technology, service and solutions to treat chronic diseases.

Biotechnology
Brooklyn Center, Minnesota
Grove Collaborative

Grove Collaborative is an online, subscription-based retailer selling natural home and health products.

E-commerce
San Francisco
Branch (finance company)

Branch offers microloans through a free-to-download Android app in emerging markets.

Loan
New York
MoneyLion

MoneyLion is a mobile banking platform for borrowing, saving, and investing.

Software
San Francisco
Cloudflare

A web performance and security company providing services for the protection and acceleration of websites online.

Internet
San Francisco
Docker

Docker provides an open-source project for deploying applications inside software containers.

Software as a service (SaaS)
San Francisco
Tipalti

Tipalti automates the way companies pay suppliers, partners, publishers and employees with cloud-based solutions which addresses all phases of the payables workflow.

Software
San Mateo, California
Rocket Lab

A company developing rocket systems and space launch vehicles for delivering payloads into space.

Space colonization
Huntington Beach, California
Scopely

Scopely is a Los Angeles-based company founded by Walter Driver.

Video game
Los Angeles
Orexigen Therapeutics

A biopharmaceutical company developing treatments for obesity

Biotechnology
California
Mavenir Systems

Mavenir Systems is an enterprise software company founded by Rashad A. Jaffery.

Enterprise software
Grubhub

Grubhub is a Chicago-based company.

Restaurant
Chicago
Nutanix

An american enterprise virtualization and storage company.

Website
San Jose, California
Bright Health

Bright Health is a Minneapolis-based provider of individual, family and Medicare Advantage healthcare plans in Alabama, Arizona, Colorado, New York City, Ohio and Tennessee.

Insurance
Minneapolis
Kareo

Kareo is an ehr, medical practice management software and medical billing services company.

Software
Irvine, California
Stash (company)

Stash is a New York City-based digital investing and banking platform.

Investment
New York City
Lithium Technologies

Lithium Technologies is a San Francisco-based enterprise software company.

Enterprise software
San Francisco
Gigya

Gigya is a Mountain View, California-based company founded by Eyal Magen, Rooly Eliezerov and Eran Kutner.

Consumer
Mountain View, California
Outdoorsy

Outdoorsy is an Austin, Texas-based company founded by Jennifer Young, Jeff Cavins and Ryan Quinn.

Peer-to-peer
Austin, Texas
Logz.io

Logz.io is an AI-powered log analysis platform that offers the open source ELK Stack as a enterprise-grade service.

Artificial intelligence (AI)
Tel Aviv
Medialets

Medialets is a mobile advertising company founded by Eric A. Litman.

Mobile advertising
Ceros

Ceros is a New York-based company.

Web design
New York
Rover.com

Sharing economy site for pet sitters and dog walkers

Pet
Seattle
Intrinsic Therapeutics

Intrinsic Therapeutics is a Woburn, Massachusetts-based healthcare company.

Healthcare
Woburn, Massachusetts
AtTask

Company

Project management
38 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Greenspring Micro II-G, L.P.
151,000,000
151,000,000
Owings Mills, Maryland
October 25, 2018
Greenspring Opportunities V-D, L.P.
39,951,750
39,951,750
Owings Mills, Maryland
January 5, 2018
Greenspring Opportunities V, L.P.
435,048,250
435,048,250
Owings Mills, Maryland
January 5, 2018
Greenspring Micro II, L.P.
100,000,000
Owings Mills, Maryland
November 29, 2017
Greenspring Opportunities IV, L.P.
225,000,000
Owings Mills, Maryland
December 22, 2015
Greenspring Micro I, L.P.
50,000,000
Owings Mills, Maryland
December 22, 2015
Greenspring Early Stage I, L.P.
Owings Mills, Maryland
May 18, 2018
Greenspring Impact I, L.P.
Owings Mills, Maryland
February 5, 2018
Greenspring Global Partners V (Strategic), L.P.
5,000,000
Owings Mills, Maryland
October 15, 2010
9 Results
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People

Name
Role
LinkedIn

Aaron Vermut

Investor

Amir Vardi

Employee

Anuttam Teja Sunkavally

Employee

Ashton Newhall

Founder/Managing Partner

Bernie Adorino

Employee

Brittany Hargest

Employee

Brooke Pollack

Employee

Burke Plater

Employee

Christian Gammill

Investor

Christian von Hassell

Employee

David McDonough

Employee

Eric Pelnik

Employee

Frank Glover, CFA, PMP

Employee

Hanly Heubeck

Employee

Hunter Somerville

Partner

Huston Collins

Employee

Jennifer Spalding

Employee

Jim LIm

Managing General Partner

John Avirett

Partner

Justice O. Nwigwe

Employee

Lindsay Redfield

Chief Financial Officer

Liz Ford

Employee

Matt Berger

Employee

Matthew Sedney

Employee

Mattia Flabiano IV

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Altos Ventures

Canvas Venture Fund

Columbia Capital

Delphi Ventures

Salsify

Workfront

References

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