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Spring Ventures is a deep-tech venture capital firm based in Israel, founded by Aviv Refuah in 1999. Originally incorporated as buy2 networks Ltd, the firm was renamed Spring Ventures Ltd in November 2016. It is publicly traded on the Tel Aviv Stock Exchange under the ticker SPRG.TA. The firm operates as a parent holding structure, making direct investments and holding stakes in specialist sub-funds, including Journey Ventures and Wellborn Ventures.
Headquartered in Tel Aviv, Spring Ventures also maintains an office in New York. The firm has a team of approximately five professionals, focusing on building deep partnerships with portfolio companies. Spring Ventures emphasizes providing not only capital but also strategic guidance, industry connections, and operational support to help startups scale effectively.
As of now, Spring Ventures has completed over 30 transactions across North America and Europe, with a strong preference for breakthrough technologies that can significantly alter their respective markets. The firm has a notable exit with Perimeter 81, which was acquired by Check Point in 2023.
Spring Ventures emphasizes investments in deep tech and B2B SaaS, particularly at the pre-seed, seed, and seed+ (extension) stages. The firm seeks to partner with outstanding teams that have a product and are demonstrating traction or revenue. Their investment strategy is centered around breakthrough products and technologies that can radically change landscapes.
The firm typically writes checks ranging from $500,000 to $5 million, focusing primarily on Israeli startups but also considering opportunities in North America and Europe. Spring Ventures looks for founders who are not only innovative but also possess the capability to execute their vision effectively. They prefer to engage in smaller portfolios to ensure deeper partnerships with each company, allowing them to provide tailored support and resources.
Spring Ventures is particularly interested in sectors such as deep tech, B2B SaaS, fintech, AI, blockchain, Web3, and health tech. Their selective investment approach aims to identify and support innovations that can significantly impact their industries.
Spring Ventures has a diverse portfolio of 11 companies, primarily focused on deep tech and B2B SaaS. Notable portfolio companies include:
This portfolio reflects Spring Ventures' commitment to supporting innovative technologies that can transform their respective markets.
Aviv Refuah - Founder and CEO of Spring Ventures. Aviv is an Israeli internet entrepreneur with a background in launching and managing several successful internet ventures. He leads the firm with a focus on deep-tech investments and has been instrumental in shaping its investment strategy.
Linor Levitan - Team member at Spring Ventures, contributing to the firm's investment analysis and portfolio management. Linor brings expertise in evaluating technology startups and identifying growth opportunities.
Dana Winkler - Another key team member, Dana plays a vital role in supporting portfolio companies and assisting with operational strategies. Her background includes experience in venture capital and startup ecosystems.
The team at Spring Ventures consists of approximately five professionals, all dedicated to fostering strong partnerships with portfolio companies and driving their success.
To pitch Spring Ventures, founders should visit their website at springv.com. It is recommended to include a detailed pitch deck that outlines the product, market opportunity, traction, and team background. The firm prefers to receive pitches through direct channels rather than unsolicited emails.
Response times can vary, but founders should expect a thorough review process. Warm introductions from mutual connections can improve the likelihood of a timely response. Spring Ventures values clarity and conciseness in pitch materials, so founders should aim to present their ideas effectively and succinctly.
In 2023, Spring Ventures achieved a notable exit with the acquisition of Perimeter 81 by Check Point, marking a significant milestone for the firm. This exit highlights the firm's ability to identify and support high-potential startups in the deep tech sector.
Spring Ventures has completed over 30 transactions across North America and Europe, demonstrating its active engagement in the venture capital space. The firm continues to seek new investment opportunities, focusing on breakthrough technologies that can transform industries.
As a publicly traded company on the Tel Aviv Stock Exchange (TASE: SPRG), Spring Ventures maintains transparency in its operations and investment activities, providing regular updates to its shareholders and the market.
What are Spring Ventures' investment criteria?
Spring Ventures focuses on early-stage investments in deep tech and B2B SaaS sectors. They look for outstanding teams with a product that demonstrates traction or revenue.
How can I pitch to Spring Ventures?
Founders can pitch Spring Ventures through their website at springv.com. It is advisable to include a clear description of the product, market potential, and traction in the pitch deck.
What makes Spring Ventures different from other VCs?
Spring Ventures is publicly traded on the Tel Aviv Stock Exchange, which allows for a different capital structure compared to traditional LP-funded funds. They emphasize deep partnerships with a smaller number of companies.
What is the geographic scope of Spring Ventures?
While primarily focused on Israeli startups, Spring Ventures also invests in opportunities across North America and Europe.
What is the typical check size for investments?
Spring Ventures typically invests between $500,000 and $5 million in their portfolio companies.
What kind of support do portfolio companies receive?
Spring Ventures provides not only capital but also strategic guidance, industry connections, and operational support to help portfolio companies scale effectively.
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