What Springbank Collective does

Springbank Collective is a New York-based venture capital firm founded in 2019 that invests in mission-critical infrastructure companies serving the under-innovated needs of women and working families. The firm backs founders from pre-seed through Series A across three thematic pillars — Work (AI and data-enabled productivity for front-line workers and small businesses), Live (consumer solutions responding to generational shifts including the coming $150 trillion wealth transfer from Baby Boomers), and Care (caregiving and healthcare delivery infrastructure, including a $648 billion care economy opportunity). Springbank had deployed capital into 32 companies as of mid-2023 and announced a $40 million dedicated fund in June 2023 backed by Union Square Ventures, Foundry Group, Bank of America, AIG, Investinor, Stardust Equity, and JP Morgan.

The firm is operated by a four-person team led by Managing Partners Courtney Leimkuhler (ex-CFO of Marsh, former head of M&A at NYSE, ex-Goldman Sachs) and Elana Berkowitz (ex-Obama Administration technology policy official, ex-McKinsey, former innovator-in-residence at CARE), Founding Partner Jen Lee Koss (founder of experiential retail agency BRIKA, acquired by SALTXC in 2021; ex-Parthenon, Bridgespan, Ontario Teachers' Pension Plan), and Investor Brian Nguyễn (ex-product lead at Unite Us and Helix). Notable portfolio companies include Wellthy (care concierge), Brisk Teaching (AI-powered EdTech serving 1M+ educators), Copper (teen fintech), First (digital prenuptial agreements), Little Otter (pediatric mental health), StretchDollar (ICHRA health benefits), Shotsy (GLP-1 tracking), and Daivergent (neurodivergent employment).

Springbank's business model is that of a traditional emerging-manager VC fund: it raises committed capital from institutional and strategic limited partners, deploys that capital into equity investments in portfolio companies at pre-seed through Series A stages, and generates returns through a combination of management fees on committed capital (industry-standard ~2%) and carried interest on exits via IPO or acquisition. The firm supplements direct investment activity with thought leadership — co-published research with Pivotal Ventures, Able Partners, and Cake Ventures — and ecosystem building through an advisory network spanning healthcare, retail, and policy operators.

Name

Springbank Collective

Legal name

Springbank

Website

https://springbank.vc

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Springbank Collective is a New York-based venture capital firm founded in 2019 that invests pre-seed through Series A in infrastructure companies serving women and working families across Work, Live, and Care themes, deploying a $40 million institutional fund backed by marquee LPs.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Venture Capital Returns: Springbank generates returns through equity investments in portfolio companies. As an investor, they provide capital in exchange for equity stakes and aim to realize returns through portfolio company exits via IPO or acquisition.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Springbank Collective is a venture capital firm that invests in mission-critical infrastructure companies across Work, Live, and Care sectors, backing founders from pre-seed through Series A stages. The firm deploys a $40 million fund to support world-class teams building infrastructure that powers how people work, live, and care, generating returns through equity stakes in portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Springbank Collective $40 Million Fund

Quantifiable outcome

• $40 million fund deployed across 32 companies
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Pivotal VenturescoreStrategic or Co-development PartnerCollaborated on the $648 billion care economy research report. Co-published Gen Z Healthcare Report with Able Partners. Pivotal Ventures is Melinda French Gates' investment organization focused on gender equality.
• Able PartnerscoreStrategic or Co-development PartnerCo-published Gen Z Healthcare Report with Springbank to understand how Gen Z navigates healthcare.
• Cake VenturesminorStrategic or Co-development PartnerCo-published research on the Silver Economy in February 2025, examining purchasing decision-making across aging Americans and their caregivers.
• Advisory Board (Arkade)minorGTM or Marketing PartnerSpringbank participates as advisory board member in Arkade's inaugural advisory board, providing strategic guidance and ecosystem connectivity in retail and supply-chain technology.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Female Founders Fund: Early-stage venture fund investing in female-founded companies across consumer, health, and fintech. Direct thematic peer to Springbank with overlapping thesis on women-led infrastructure and similar pre-seed/seed check sizes.
• BBG Ventures: Seed-stage fund backing underestimated founders, with a long-standing thesis on women and diverse founders. Comparable AUM and stage focus to Springbank, with strong brand in the "future of work/life/care" thematic category.
• Cake Ventures: Thesis-driven early-stage fund focused on the silver economy and aging-related infrastructure. Direct peer with co-publication history with Springbank on Silver Economy research and overlapping investment stage.
• Halogen Ventures: Early-stage fund investing in consumer tech companies led by founders of color and women. Comparable thesis overlap and check size, operating in adjacent niches of Springbank's work/life/care framework.
• SoGal Ventures: Global early-stage fund backing diverse founders across consumer, health, and fintech. Direct thematic peer with similar focus on women-led, infrastructure-for-everyday-life opportunities and comparable AUM range.
• Able Partners: Early-stage consumer fund with thesis-aligned focus on women and family-oriented brands. Strategic research co-publisher with Springbank (Gen Z Healthcare Report), making it both a co-marketing partner and direct competitor in deal flow.
• Inspired Capital: NYC-based early-stage fund backing diverse founders building durable, mission-driven companies. Comparable geographic positioning, fund size, and thematic orientation toward workforce and care infrastructure.

Broad incumbents

• Forerunner Ventures: Larger, established consumer-focused VC that frequently invests in infrastructure serving women, families, and household decision-makers. Broader portfolio and larger check sizes than Springbank, but materially overlapping thesis on the female consumer economy.
• Union Square Ventures: Prominent NYC-based early-stage VC and Springbank's institutional LP. Invests broadly across consumer, fintech, and health infrastructure, partially overlapping Springbank's thesis but at a much larger fund scale.
• Foundry Group: Boulder-based early-stage tech investor and Springbank LP. Operates a broader horizontal thesis but participates in many of the same consumer/infrastructure categories Springbank targets, often as a co-investor.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/wearespringbank
• LinkedInlinkedin.com/company/springbank-collective

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments52 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Springbank Collective