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Greenspring Associates (Formerly Montagu Newhall Associates)

Greenspring Associates (Formerly Montagu Newhall Associates)

A venture capital company that invests in both established and emerging venture capital fund managers. It was founded in 2000 as Montagu Newhall Associates and is now known as Greenspring Associates. It has headquaters in Owings Mills, Maryland.

About

Greenspring Associates is a Maryland-based venture capital firm that is a venture-only fund-of-fund manager. In addition to its headquarters in Maryland, it also has offices in California, London, and Beijing. It invests in industries such as healthcare, education technology, financial technology, and the mobile sector as well.Specific products in which it invests include software, home furnishings, and life insurance.

The firm has a venture capital platform and has designed a Portfolio Impact program. It states that it manages more than $10 billion across direct, secondary, and bespoke venture strategies. It also makes impact investments that have a focus on companies that have potential to make a social, environmental, and/or societal impact. Greenspring Associates invests in companies at various funding stages including seed, early stage, growth, and secondary. Since its inception, the company has made more than 200 investments and 70 exits.As of 2020, it has more than 90 companies in its portfolio. It has also raised 15 funds, some of which were over $900 million.

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

Invested in

Associated investment funds

Patents

Products

Funding Rounds Participated In

People

Name
Role
LinkedIn

Aaron Vermut

Investor

Amir Vardi

Employee

Anuttam Teja Sunkavally

Employee

Ashton Newhall

Founder

Ashton Newhall

Founder/Managing Partner

...

Further reading

Title
Author
Link
Type
Date

Greenspring Associates Raises $800 Million for Fourth Secondaries Fund

Web

January 8, 2020

Greenspring Associates Raises $999 Million for its Ninth Diversified Venture Capital Fund

Web

January 8, 2019

Documentaries, videos and podcasts

Title
Date
Link

Video Interview Ashton Newhall, Co-Managing Partner of Greenspring Assoc.- Pt 1 His Background

J

Companies

Company
CEO
Location
Products/Services

Altos Ventures

Canvas Venture Fund

Columbia Capital

Delphi Ventures

Salsify

News

Title
Author
Date
Publisher
Description
FinSMEs
June 25, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

References

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