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.

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

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

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

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

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

Grubhub is a Chicago-based company.

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.

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

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

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

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

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

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

Sharing economy site for pet sitters and dog walkers

States Title is a San Francisco-based company founded in 2016.

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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
October 25, 2018
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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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