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Angel Investor (Group)
springboardcapllc.com

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Investments

16

Portfolio Exits

2

About Springboard Capital

Founded in 2002, Springboard Capital is an equity investment fund specializing in early-stage venture investments. Springboard normally invests between $350,000 and $800,000 in each of its companies. Because Springboard typically syndicates its investments with "angel"" investors and similar angel investment organizations

Springboard Capital Headquarter Location

11512 Lake Mead Avenue Building 100

Jacksonville, Florida, 32256,

United States

(904) 861-2400

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Latest Springboard Capital News

Equity : Banks ordered to retain money deposited by company

Feb 8, 2017

(You can enter multiple email addresses separated by commas) Message : *Required fields The High Court has ordered four banks to retain money deposited by a company under investigation in the National Youth Service scandal. The judge directed Equity, NIC, Giro Commercial and Barclays banks to retain money deposited in the accounts of eight companies and an individual paid by Fastlane Freight Forwarders. Fastlane was paid more than Sh200 million by the youth agency. But was told to allow Springboard Capital to continue running its account but it should not tamper with Sh1.4 million it received from Fastlane on December last year. Lawyer Titus Koceyo had asked the judge to allow Springboard to continue its account in Equity Bank as it held monies of other clients. “The freezing of the account of Springboard in Equity Bank on January 16, 2017 is limited to the sum of money (Sh1.4 million) and not extended to the entire account,” ruled Justice Lydia Achode. The Ethics and Anti-Corruption Commission , which has been investigating movement of money from the youth agency, got orders to freeze the accounts of the eight companies which received part of the Sh209 million paid to Fastlane. Justice Achode on ordered the freezing of the accounts of Fastlane, Springboard, Mash Logistics, Silverberg Enterprises

Springboard Capital Investments

16 Investments

Springboard Capital has made 16 investments. Their latest investment was in Xhale as part of their Series C on March 3, 2014.

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Springboard Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/31/2014

Series C

Xhale

$16.67M

Yes

1

5/21/2010

Series D - II

AxoGen

$1.3M

No

1/18/2010

Series D

AxoGen

$3.36M

No

12/21/2009

Unattributed

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$99M

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0

10/20/2009

Bridge

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$99M

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0

Date

3/31/2014

5/21/2010

1/18/2010

12/21/2009

10/20/2009

Round

Series C

Series D - II

Series D

Unattributed

Bridge

Company

Xhale

AxoGen

AxoGen

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Amount

$16.67M

$1.3M

$3.36M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

0

0

Springboard Capital Portfolio Exits

2 Portfolio Exits

Springboard Capital has 2 portfolio exits. Their latest portfolio exit was Xhale on August 29, 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

8/29/2018

Acquired

$99M

1

6/5/2006

Acquired

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$99M

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0

Date

8/29/2018

6/5/2006

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

0

Springboard Capital Team

1 Team Member

Springboard Capital has 1 team member, including current Chief Executive Officer, Founding Partner, Ulf Sandmark.

Name

Work History

Title

Status

Ulf Sandmark

Chief Executive Officer, Founding Partner

Current

Name

Ulf Sandmark

Work History

Title

Chief Executive Officer, Founding Partner

Status

Current

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