About Spring Partners
ACTIVE: 2015 – present
EMPLOYS: 63 across the portfolio
Spring Partners is a London-based seed-stage venture firm, founded in December 2015 to back ambitious software entrepreneurs.
The company invests in start-ups in their first two years of business, with funding between £250K and £1M, and can continue to back these companies as they grow beyond £5M. The firm invests at a rate of 10-12 investments per year.
The four international partners that make up the founding team – Tracy Doree, Leila Zegna, Russell Buckley and Mark Evans – all have founding, operating and investing experience, and have been angel investing together for the past three years. Collectively, they backed more than 100 companies before founding Spring.
Uniquely, Spring Partner shares the upside of the fund with the entrepreneurs they back, and they actively build services for their community of founders. The company’s mission is to turn founders into partners.
About The Founders
Leila Zegna was in the founding team at GenapSys – a digital health business in San Francisco that has raised $50M in venture capital. She was the GM of Plum District (a consumer startup backed by Kleiner and General Catalyst), consultant at Bain & Co. in NYC, and has a math and philosophy graduate degree from Yale with an MBA from Harvard Business School.
Tracy Doree is a math graduate who previously co-founded content-led ecommerce site Llustre (acquired by Fab), and VC at MMC Ventures. She has been an active mentor with London accelerators and networks since 2008.
Russell Buckley was part of the founding team of AdMob (acquired by Google for $750M) where he ran Europe, before becoming VP of Global Alliances. Russell created the Afterburner programme, a UK Government initiative for helping UK startups raise institutional funding, where over $150m has been raised to date.
Mark Evans has been a startup investor for the last 14 years – personally and at Balderton Capital where he was a Partner for 14 years. Previously he ran a Benchmark backed software startup in San Francisco and was a Partner at Goldman Sachs.