Spring Capital

Spring Capital is an Estonian venture capital firm based in Tallinn, operating with a dual-fund strategy designed to support early-stage companies across the Nordics and Central & Eastern Europe (CEE+). The firm distinguishes itself by managing two distinct vehicles: a Seed Fund and a Growth Fund, allowing it to engage with startups at different critical junctures of their development. This structured approach enables Spring Capital to provide tailored financial and strategic support, aiming to foster significant growth within its portfolio companies. Their geographic focus underscores a commitment to nurturing the vibrant tech ecosystems within these regions.

The Seed Fund is specifically tailored for pre-seed and seed-stage companies, providing crucial initial capital to help nascent ventures establish their foundations and achieve early milestones. For this fund, Spring Capital typically issues first cheques ranging from approximately $108,000 to $540,000 (€100k to €500k). This investment range is designed to support startups in their earliest phases, covering essential needs such as product development, team expansion, and initial market entry. The firm seeks out promising founders with innovative ideas and strong potential for scalability within their target markets.

Complementing its early-stage efforts, Spring Capital's Growth Fund targets more mature companies, specifically those at the Series A stage and beyond. This fund is geared towards businesses that have demonstrated product-market fit and are poised for significant scaling. Initial investments from the Growth Fund typically fall within a range of about $1.08 million to $3.24 million (€1M to €3M), providing substantial capital for expansion, market penetration, and strategic acquisitions. Furthermore, Spring Capital demonstrates a long-term commitment to its portfolio companies by reserving capital for follow-on investments, potentially deploying up to $5.4 million (€5M) per company over time, thereby supporting their journey through multiple funding rounds.

This comprehensive investment strategy, spanning from initial seed capital to later-stage growth funding, positions Spring Capital as a versatile partner for startups in the Nordics and CEE+ regions. By offering both early-stage and growth-stage funding, coupled with a willingness to provide substantial follow-on capital, the firm aims to build enduring relationships with its portfolio companies, guiding them from inception through significant scaling phases.