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Venture Capital
serviceprovidercapital.com

Investments

58

Portfolio Exits

7

Funds

5

About Service Provider Capital

Service Provider Capital is a venture capital fund that co-invests in Seed and Series A deals led by institutional venture funds. The fund adds strategic value to its portfolio companies by making its service provider limited partners available to provide introductions to potential investors and commercial/strategic partners and to provide informal guidance on legal, accounting, finance, real estate, and other matters relevant to start-up companies.

Headquarters Location

601 16th Street Suite C - #270

Golden, Colorado, 80401,

United States

415-465-4295

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Research containing Service Provider Capital

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CB Insights Intelligence Analysts have mentioned Service Provider Capital in 1 CB Insights research brief, most recently on Apr 23, 2020.

Latest Service Provider Capital News

Upwardli Raises $2M in Seed Funding

Feb 3, 2023

Upwardli , a Milwaukee, WI-based financial technology company offering credit building products, raised $2M in Seed funding. The round was led by Dundee Venture Capital, with participation from Techstars, J4 Ventures, Cascade Seed Fund, Avesta Fund, Temerity Capital Partners, Service Provider Capital, and angel investors. Catherine Williams of Dundee Venture Capital and Danielle Hill, the company’s co-founder and COO, joined the Upwardli Board of Directors. The company intends to use the funds to hire additional staff, add features to boost credit scores faster, and expand its partnerships with financial institutions to embed its credit builder solutions into their own product experiences. Led by Aaron Gregory and Danielle Hill, Upwardli is a financial services company making credit fair and accessible to the 50 million Americans, particularly new immigrants and Gen Z, who are shut out of the U.S. credit system. The company’s credit building solution enables customers without a social security number or a U.S. credit file to quickly establish and build their U.S. credit score, progressively unlocking access to a range of financial products. Offered in partnership with Cross River Bank and incorporating a suite of banking services, Upwardli’s Credit Builder Plus product launched in November 2022 and is now available at www.upwardli.com. The company partners with financial institutions to offer its credit building solutions as an alternative to a harsh credit rejection when an applicant fails to qualify due to a lack of credit history. Upwardli helps consumers build their credit into an acceptable range and then passes the customer back to the lending institution, ready for approval. FinSMEs 03/02/2023

Service Provider Capital Investments

58 Investments

Service Provider Capital has made 58 investments. Their latest investment was in Upwardli as part of their Seed VC on February 2, 2023.

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Service Provider Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/1/2023

Seed VC

Upwardli

$2.95M

Yes

12

1/20/2023

Seed VC

Kinspire

$3.6M

Yes

2

11/7/2022

Series A

Biofire

$14M

Yes

8

10/20/2022

Seed VC

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$99M

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10

9/20/2022

Seed VC

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$99M

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10

Date

2/1/2023

1/20/2023

11/7/2022

10/20/2022

9/20/2022

Round

Seed VC

Seed VC

Series A

Seed VC

Seed VC

Company

Upwardli

Kinspire

Biofire

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Amount

$2.95M

$3.6M

$14M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

12

2

8

10

10

Service Provider Capital Portfolio Exits

7 Portfolio Exits

Service Provider Capital has 7 portfolio exits. Their latest portfolio exit was Rented on November 16, 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

11/16/2022

Acquired

$99M

2

10/12/2021

Acquired

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$99M

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10

8/19/2021

Acquired

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$99M

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10

2/10/2020

Acquired

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$99M

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10

11/4/2019

Acquired

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$99M

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10

Date

11/16/2022

10/12/2021

8/19/2021

2/10/2020

11/4/2019

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Service Provider Capital Fund History

5 Fund Histories

Service Provider Capital has 5 funds, including Service Provider Capital Southeast Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/20/2021

Service Provider Capital Southeast Fund II

1

Service Provider Capital Rocky Mountain Fund II

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10

Service Provider Capital Fund I

10

Service Provider Capital Midwest Fund I

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10

Service Provider Capital Southeast Fund I

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10

Closing Date

10/20/2021

Fund

Service Provider Capital Southeast Fund II

Service Provider Capital Rocky Mountain Fund II

Service Provider Capital Fund I

Service Provider Capital Midwest Fund I

Service Provider Capital Southeast Fund I

Fund Type

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Status

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Amount

Sources

1

10

10

10

10

Service Provider Capital Team

1 Team Member

Service Provider Capital has 1 team member, including current Managing Director, Ned Hill.

Name

Work History

Title

Status

Ned Hill

Managing Director

Current

Name

Ned Hill

Work History

Title

Managing Director

Status

Current

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