$40 million is raised by Springdale Ventures.
Texas’s Austin With the completion of its second fundraising round, Springdale Ventures has raised $40 million to support its objective of making investments in consumer brands in their early stages. Athletes, family offices, entrepreneurs, and returning limited partners are included in Fund II. 2019 saw the introduction of Springdale’s Fund I, the company’s first fund. Genevieve Gilbreath, a general partner and co-founder, and Dan Graham, an operator and entrepreneur, created Springdale, a venture capital business. The partners assist creators in overcoming obstacles and achieving significant growth by drawing on a broad network of investors, operators, and entrepreneurs.
With this money, the company will be able to keep funding new consumer brands in the pet, beverage, food, and health and beauty sectors. About fourteen businesses have benefited from its second round of funding, including the office furniture startup Branch, the whiskey brand Big Nose Kate, the health care shoe company Gales, the creator-led consumer brand BloxSnacks catering to Generation Alpha, and the hard seltzer company Nectar with an Asian flair.
In recent years, the company has led and sponsored other investment rounds for other CPG startups, including Tiny Organics raising $11 million in Series A funding, KOS raising $12 million in a Series A round, and Acid League raising $6 million.
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“We have the utmost gratitude from our investors for their confidence in us to promote early-stage consumer investing as a valuable asset class,” Ms. Gilbreath stated. “Since the consumer market accounts for a sizeable 70% of the US GDP, software businesses receive over 40% of private equity capital in the US, severely underfunding the consumer sector. There is a great deal of untapped potential for capital allocation inside early-stage consumer brands for investors who are familiar with the industry. In addition to spearheading that effort, I’m glad that Springdale is providing gifted entrepreneurs with the resources and connections they require to succeed in addition to practical guidance gleaned from our own experiences as founders.