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greenspringassociates.com

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Investments

199

Portfolio Exits

67

Funds

69

Partners & Customers

1

About Greenspring Associates

Greenspring Associates invests in established and emerging venture capital fund managers, in expansion stage venture-backed companies, and in secondary investments in venture capital funds and companies.On July 7th, 2021, Greenspring Associates was acquired by Stepstone Group.

Greenspring Associates Headquarter Location

100 Painters Mill Road Suite 700

Owings Mills, Maryland, 21117,

United States

410-363-2725

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Expert Collections containing Greenspring Associates

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Greenspring Associates in 1 Expert Collection, including The Edge Computing Landscape.

T

The Edge Computing Landscape

113 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

Research containing Greenspring Associates

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Greenspring Associates in 2 CB Insights research briefs, most recently on Sep 25, 2019.

Latest Greenspring Associates News

09:00 EDT Electric Secures $20M In D-1 Funding Round, Bringing Valuation Over $1B

Mar 29, 2022

News provided by Share this article The Raise Will Fund Product Innovation, Investments in Self-Service for Small Businesses and IT Insights NEW YORK , March 29, 2022 /PRNewswire/ -- Electric , the leader in providing world-class IT technology for small and medium-sized businesses (SMBs), today announced it has raised $20 million in Series D-1 funding from Harmonic Growth Partners, five months after its $90 million Series D with GGV Capital, Bessemer Venture Partners, Greenspring Associates and others. This new funding brings the company's valuation to $1 billion and the company's total amount raised to over $200 million. Electric executive portrait Electric is one of the fastest growing providers of IT solutions for SMBs in the United States. With SMBs accounting for two thirds of new jobs and 43% of the US GDP, small businesses are an important segment of the economy. The typical SMB has over 40 SaaS applications to run its business, and the complexity of remote work has made managing IT even more challenging. Electric makes IT easy for SMBs by centralizing the four core pillars of IT management: employee onboarding and offboarding, real-time IT support, hardware management, and security at the device, application and network levels. This new round of financing will be used to accelerate product innovation toward data-driven business insights and self service tools where customers can easily manage and purchase applications and devices within the Electric platform. "More than ever the American economy depends on the vibrancy of SMBs, and SMBs depend on IT to grow their business," said CEO and Founder Ryan Denehy. "Electric is enabling a world where businesses can buy and manage IT through a single cloud-based platform, keeping businesses secure and delivering a remarkable employee experience. We have known the team from Harmonic for quite some time, and felt it was a great opportunity to leverage the firm's extensive network of software industry CEOs and operators." The new funds will also be used for additional strategic acquisitions, and expanding into new markets and verticals. The company completed acquisitions of Techvera and Sinu last year and expects to identify more strategic opportunities in 2022. Since its founding in 2016, Electric has grown to become one of the largest IT providers in the country serving close to 1,000 customers and 45,000 end users across clients including: TrustRadius, Otter.ai, Boxed and TULA Skincare. "We're thrilled to put our support behind Electric as their technology redefines what IT support looks and feels like for businesses,'' said Dave Yarnold, CEO Partner with Harmonic, and former CEO of ServiceMax and VP Global Sales at SAP SuccessFactors. "Electric supports modern work by truly simplifying and delivering lightning-fast IT–a need-to-have for small businesses in this environment." Electric is backed by GGV Capital, Bessemer Venture Partners, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners, Slack Fund and Harmonic Growth Partners. To learn more about Electric, visit electric.ai . About Electric Electric is the industry leader in providing world-class IT technology and real-time support for small and mid-sized businesses. With close to 1,000 customers and more than 45,000 employee end-users, Electric's IT platform includes: real-time support powered by 100+ IT technicians, security, device & inventory management, network & server management, application & cloud management, employee on-boarding and off-boarding, procurement & provisioning, and data monitoring & insights. Electric is funded by an all-star team of investors including: Bessemer Venture Partners, GGV Capital, 01 Advisors, Primary Venture Partners, Bowery Capital, Slack, Atreides Management, Vintage Investment Partners, and Greenspring Associates. For more information, visit www.electric.ai . About Harmonic Growth Partners Harmonic Growth Partners offers a different and advantaged model for late-stage venture investing. The approach addresses the key challenges of rapidly scaling enterprises and provides management teams the ideal partner to build market-defining companies. Harmonic provides growth companies a unique value proposition: An experienced investment team that can lead a financing, plus a former venture-backed CEO to join the board. Harmonic's CEO Partners have collectively generated over $10B in exits. They're proven, relevant, and universally respected operators – and the ideal board addition at the stage where this experience can have the most impact. The combination of investment acumen and operating expertise has made Harmonic a preferred growth partner for the best management teams. For more information, visit www.harmonicgp.com . Media Contact: Wesley Hamed, +1.212.256.1747, [email protected] SOURCE Electric

Greenspring Associates Investments

199 Investments

Greenspring Associates has made 199 investments. Their latest investment was in Turing as part of their Series D on December 12, 2021.

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Greenspring Associates Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/20/2021

Series D

Turing

$87M

Yes

9

11/18/2021

Series C

Trusted Health

$94M

Yes

9

11/9/2021

Series D

Jackpocket

$120M

No

12

10/19/2021

Series D

Subscribe to see more

$99M

Subscribe to see more

10

10/15/2021

Series B - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/20/2021

11/18/2021

11/9/2021

10/19/2021

10/15/2021

Round

Series D

Series C

Series D

Series D

Series B - II

Company

Turing

Trusted Health

Jackpocket

Subscribe to see more

Subscribe to see more

Amount

$87M

$94M

$120M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

9

9

12

10

10

Greenspring Associates Portfolio Exits

67 Portfolio Exits

Greenspring Associates has 67 portfolio exits. Their latest portfolio exit was Grove Collaborative on June 17, 2022.

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

6/17/2022

Reverse Merger

$99M

4

4/29/2022

IPO

$99M

Public

5

12/1/2021

Acquired

$99M

7

11/17/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

11/2/2021

Merger

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/17/2022

4/29/2022

12/1/2021

11/17/2021

11/2/2021

Exit

Reverse Merger

IPO

Acquired

IPO

Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

4

5

7

10

10

Greenspring Associates Acquisitions

1 Acquisition

Greenspring Associates acquired 1 company. Their latest acquisition was PCI Pharma Services on June 21, 2012.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

6/21/2012

Other

$99M

$79M

Acq - Fin

Date

6/21/2012

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

$79M

Note

Acq - Fin

Sources

Greenspring Associates Fund History

69 Fund Histories

Greenspring Associates has 69 funds, including Greenspring Micro III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/18/2020

Greenspring Micro III

$145.65M

2

11/2/2020

Greenspring Opportunities VI (Cayman)

$68.45M

2

11/2/2020

Greenspring Opportunities VI

$578.18M

2

10/28/2020

Greenspring SPV VII-E

$99M

10

3/30/2020

Greenspring IL Master II

$99M

10

Closing Date

12/18/2020

11/2/2020

11/2/2020

10/28/2020

3/30/2020

Fund

Greenspring Micro III

Greenspring Opportunities VI (Cayman)

Greenspring Opportunities VI

Greenspring SPV VII-E

Greenspring IL Master II

Fund Type

Status

Amount

$145.65M

$68.45M

$578.18M

$99M

$99M

Sources

2

2

2

10

10

Greenspring Associates Partners & Customers

1 Partners and customers

Greenspring Associates has 1 strategic partners and customers. Greenspring Associates recently partnered with Disruption Corporation on February 2, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

2/12/2015

Partner

United States

Disruption, Greenspring Partner on VC Data Analytics Platform

ARLINGTON , Va. -LRB- Feb. 12 , 2015 -RRB- -- Disruption Corporation and Greenspring Associates today announced they have partnered to build a scalable data analytics platform delivering predictive and visual analytics on Greenspring Associates 's existing portfolios , prospective deals and the venture capital industry as a whole .

1

Date

2/12/2015

Type

Partner

Business Partner

Country

United States

News Snippet

Disruption, Greenspring Partner on VC Data Analytics Platform

ARLINGTON , Va. -LRB- Feb. 12 , 2015 -RRB- -- Disruption Corporation and Greenspring Associates today announced they have partnered to build a scalable data analytics platform delivering predictive and visual analytics on Greenspring Associates 's existing portfolios , prospective deals and the venture capital industry as a whole .

Sources

1

Greenspring Associates Team

4 Team Members

Greenspring Associates has 4 team members, including current General Partner, James Lim.

Name

Work History

Title

Status

Rupert Montagu

Founder

Current

Ashton C. Newhall

T. Rowe Price

Founder

Current

James Lim

General Partner

Current

John Avirett

General Partner

Former

Name

Rupert Montagu

Ashton C. Newhall

James Lim

John Avirett

Work History

T. Rowe Price

Title

Founder

Founder

General Partner

General Partner

Status

Current

Current

Current

Former

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