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betaspring.com

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Investments

87

Portfolio Exits

4

Funds

1

About Betaspring

Betaspring is a mentorship-driven Providence-based startup accelerator program for technology and design entrepreneurs. Betaspring recruits 8-12 teams of 2-4 entrepreneurs who have a concept or an early prototype for a high-growth startup.

Betaspring Headquarter Location

One Davol Square

Providence, Rhode Island, 02903,

United States

401-308-3076

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Latest Betaspring News

The RevUp Fund is expanding to Baltimore

Sep 13, 2017

Eight-year-old Betaspring launched the RevUp Fund in 2014. The fund typically makes non-dilutive investments of $100,000. It’s geared toward companies generating revenue in the $300K-$1.5M range, according to Betaspring, and team and market opportunity are also among the considerations. The firm also looks to help companies grow. It has an in-house growth team that works with companies to identify avenues toward more revenue, and its management team also provides support. “Our model is complementary to the other sources of capital that already are on the ground and there’s a great sense of momentum that growth companies will continue to be an important priority,” Withers said. The RevUp Fund team members are holding by-appointment-only meetings at ETC on Sept. 14 and Betamore on Sept. 15, Withers said. Info on requesting a screening meeting is on the  firm’s website. -30- Stephen Babcock is Market Editor for Technical.ly Baltimore and Technical.ly DC. A graduate of Northeastern University, he moved to Baltimore following stints in New Orleans and Rio Arriba County, New Mexico. His work has appeared in The New York Times, Baltimore Fishbowl, NOLA Defender, NOLA.com/The Times-Picayune and the Rio Grande Sun.

Betaspring Investments

87 Investments

Betaspring has made 87 investments. Their latest investment was in RF Venue as part of their Seed on September 9, 2016.

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Betaspring Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/17/2016

Seed

RF Venue

Yes

1

9/17/2016

Seed

Postfly

Yes

1

9/17/2016

Seed - II

Clarabyte

Yes

1

10/5/2013

Seed

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$99M

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10

10/5/2013

Seed

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$99M

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10

Date

9/17/2016

9/17/2016

9/17/2016

10/5/2013

10/5/2013

Round

Seed

Seed

Seed - II

Seed

Seed

Company

RF Venue

Postfly

Clarabyte

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Betaspring Portfolio Exits

4 Portfolio Exits

Betaspring has 4 portfolio exits. Their latest portfolio exit was Surprise Ride on November 14, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/14/2018

Acquired

$99M

1

8/10/2017

Acquired

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$99M

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10

6/21/2012

Acquired

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$99M

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0

1/25/2012

Acquired

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$99M

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0

Date

11/14/2018

8/10/2017

6/21/2012

1/25/2012

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

0

0

Betaspring Fund History

1 Fund History

Betaspring has 1 fund, including RevUp Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

RevUp Fund

$0.37M

1

Closing Date

Fund

RevUp Fund

Fund Type

Status

Amount

$0.37M

Sources

1

Betaspring Team

1 Team Member

Betaspring has 1 team member, including current Managing Partner, Allan Tear.

Name

Work History

Title

Status

Allan Tear

Managing Partner

Current

Name

Allan Tear

Work History

Title

Managing Partner

Status

Current

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