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Private Equity
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Investments

20

Portfolio Exits

5

Funds

1

About Spring Capital

Spring Capital Partners is a private equity financing firm.

Spring Capital Headquarter Location

Latrobe Bldg 5th Floor 2 East Rd. St.

Baltimore, Maryland, 21202,

United States

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Latest Spring Capital News

Trind Ventures leads the $1,3M funding round to Wolf3D

Aug 10, 2020

10 August 2020 Wolf3D , an Estonian startup building a virtual identity platform for games and VR, has raised $1,3M from Trind Ventures, Presto Ventures, Koha Capital, Spring Capital and Contriber Ventures with participation from a few angels. Founded in 2014, Wolf3D’s team has since built a successful avatar business and technology, working with many of the top 10 game and VR developers. The startup is now making its technology available for small and mid-sized developers and providing the first selected companies their avatar creation solution for free. The software called Ready Player Me allows anyone to create a personal full-body avatar from a selfie that’s “transportable” between all of the games they are integrated with. One of Wolf3D’s key advantages is being able to support many different art styles of avatars for all kinds of game styles and genres. “Games have become social media platforms – most of what people do in games these days is socializing,” said Timmu Tõke, the founder and CEO of Wolf3D. Illustrating the trend, Travis Scott’s record-breaking Fortnite concert back in April gathered more than 12 million people in a virtual space. On the other hand, gaming identities – avatars – are not evolving. Players’ avatars are generic versions of themselves that they create from limited pre-made pieces. Wolf3D believes that the future of our gaming identities is going to look a lot more like our social media profiles – a curated version of yourself that looks a bit different depending on the environment and use case but always ties back to your real-life identity. Wolf3D’s long term goal is to make their solution a link between many different virtual experiences, adding them together into one big virtual world that you can explore seamlessly with your avatar and the same set of friends. The startup believes that it’s unlikely that there will be one big “metaverse” that will dominate, and that is why cross-platform services such as Ready Player Me are necessary for simplifying players’ gaming experience across many virtual worlds. The company launched the first version of Ready Player Me back in May as a web-based avatar generating tool for VR and will now use the latest funding to take the solution to the next level with full-body personal avatars for games.

Spring Capital Investments

20 Investments

Spring Capital has made 20 investments. Their latest investment was in Rosemary Health as part of their Seed VC - II on April 4, 2021.

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Spring Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/16/2021

Seed VC - II

Rosemary Health

$2.4M

Yes

2

6/2/2020

Seed

Kaddy

$2.44M

Yes

2

5/4/2020

Series A - II

:Different

$4.68M

Yes

1

3/17/2017

Private Equity

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$99M

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10

2/25/2016

Series B

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$99M

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10

Date

4/16/2021

6/2/2020

5/4/2020

3/17/2017

2/25/2016

Round

Seed VC - II

Seed

Series A - II

Private Equity

Series B

Company

Rosemary Health

Kaddy

:Different

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Amount

$2.4M

$2.44M

$4.68M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

1

10

10

Spring Capital Portfolio Exits

5 Portfolio Exits

Spring Capital has 5 portfolio exits. Their latest portfolio exit was Tapdaq on November 20, 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

11/20/2018

Acquired

2

00/00/0000

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10

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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10

Date

11/20/2018

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

2

10

10

10

10

Spring Capital Acquisitions

1 Acquisition

Spring Capital acquired 1 company. Their latest acquisition was Rock-It Cargo on November 08, 2004.

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

11/8/2004

Private Equity

Acquired

Date

11/8/2004

Investment Stage

Private Equity

Companies

Valuation

Total Funding

Note

Acquired

Sources

Spring Capital Fund History

1 Fund History

Spring Capital has 1 fund, including Spring Capital Partners IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/20/2020

Spring Capital Partners IV

$250M

2

Closing Date

10/20/2020

Fund

Spring Capital Partners IV

Fund Type

Status

Amount

$250M

Sources

2

Spring Capital Team

3 Team Members

Spring Capital has 3 team members, including current President, Brent Trostle.

Name

Work History

Title

Status

Brent Trostle

President

Current

Vincent Chan

JAFCO Asia, Suez Asia Holdings Pte Ltd., PrimePartners Corporate Finance Holdings, and Standard Chartered

Chief Executive Officer

Former

Felix Wong

Tsing Capital, Raytrons Technologies, JAFCO Asia, Icon Medialab Capital, Nielsen, DFS, and PwC

Chief Financial Officer

Former

Name

Brent Trostle

Vincent Chan

Felix Wong

Work History

JAFCO Asia, Suez Asia Holdings Pte Ltd., PrimePartners Corporate Finance Holdings, and Standard Chartered

Tsing Capital, Raytrons Technologies, JAFCO Asia, Icon Medialab Capital, Nielsen, DFS, and PwC

Title

President

Chief Executive Officer

Chief Financial Officer

Status

Current

Former

Former

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