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Springbank is a women-led venture capital firm based in New York, founded by Courtney Leimkuhler, Elana Berkowitz, and Jen Lee Koss. Established to enhance productivity and consumer experiences, the firm focuses on early-stage investments in sectors such as AI, healthcare, consumer, and fintech. Springbank has raised $35 million for its second fund, which emphasizes mission-critical infrastructure that supports women and working families.
The firm operates with a commitment to community building and aims to invest in diverse teams that address core economic challenges. Springbank's portfolio currently includes seven companies, reflecting its strategy to back innovative solutions that improve care systems and productivity. The firm collaborates with a curated network of co-investors, enhancing the growth potential of its portfolio companies.
Springbank's notable milestones include being listed on the ImpactAssets 50, recognizing its impact investing efforts. The firm is also supported by a diverse LP base, including Union Square Ventures and Lux Capital, which further strengthens its investment capabilities.
Springbank targets early-stage investments, specifically from pre-seed to Series A, with a strong emphasis on sectors that enhance productivity through AI and data, improve consumer experiences, and develop care infrastructure. The firm prioritizes backing diverse teams, reflecting its commitment to fostering inclusive growth and innovation in the care economy.
The investment strategy is built around three pillars: care, career, and consumer. In the care sector, Springbank seeks connected and innovative solutions for caregivers, while in the career space, it aims to reform work environments to enable fair and dignified careers. The consumer focus leverages technology to create sustainable improvements in daily life.
Springbank's check sizes are not publicly disclosed, but the firm is known for its strategic support and resources that enhance operational efficiency for its portfolio companies. The firm actively seeks to partner with founders who share a vision for impactful solutions that address pressing economic challenges.
Springbank's portfolio consists of seven notable companies, each contributing to its mission of enhancing productivity and care systems:
Additionally, Springbank supports companies like Wellthy, a care coordination platform for families, and Parento, which provides paid parental leave insurance for small employers, boasting a 95% return-to-work rate for birthing parents using their product compared to 65% without it.
Courtney Leimkuhler - Managing Partner. Courtney has extensive experience in venture capital and has been instrumental in building Springbank's investment strategy. She has a background in supporting early-stage companies and fostering community-driven initiatives.
Elana Berkowitz - Managing Partner. Elana co-founded Springbank and brings a wealth of knowledge in impact investing, focusing on mission-driven companies that enhance productivity and care systems.
Jen Lee Koss - Founding Partner. Jen has a strong background in venture capital and is dedicated to supporting diverse teams and innovative solutions in the care economy.
Brian Nguyễn - Investor. Brian is involved in sourcing and evaluating investment opportunities, contributing to Springbank's mission of backing early-stage companies.
Toyin Ajayi - Co-founder & CEO at Cityblock Health. Toyin provides insights into healthcare innovation and strategy.
Marcus Osborne - CEO of Rightmove, former SVP of Walmart Health. Marcus brings expertise in health systems and consumer engagement.
Jeevan Soo - Chief People Officer at insitro. Jeevan offers insights into talent management and organizational development.
Allyson Felix - Olympic and World Champion, Founder of Saysh. Allyson provides a unique perspective on brand building and community engagement.
Arthur Woods - Co-Founder of Mathison, Out in Tech. Arthur contributes expertise in diversity and inclusion strategies.
Halle Tecco - Founder of Rock Health, Natalist, Cofertility. Halle offers insights into health tech and consumer products.
Sarah Leary - Co-founder of Nextdoor & Investor at Unusual Ventures. Sarah brings experience in community building and technology.
Marcus East - Chief Digital Officer at T-Mobile. Marcus provides insights into digital transformation and consumer technology.
Debby Farrington - General Partner & Founder of StarVest Partners. Debby offers expertise in venture capital and investment strategies.
Fareed Mosavat - Chief Development Officer at Reforge. Fareed contributes insights into business development and growth strategies.
To pitch to Springbank, founders should utilize the preferred channel of their website at springbank.vc or email hello@springbank.vc. It is important to include a comprehensive deck that outlines the business model, market opportunity, and team background. Founders can expect a response within a few weeks, and warm introductions are encouraged to enhance the chances of engagement.
In April 2026, Springbank raised $35 million for its second fund, focusing on early-stage investments in mission-critical infrastructure. This fund aims to support diverse teams and innovative solutions in sectors such as AI, healthcare, consumer, and fintech.
Springbank was recognized on the ImpactAssets 50 list, highlighting its commitment to impact investing and support for women and working families. The firm continues to build its portfolio, which currently includes seven companies, reflecting its strategy to enhance productivity and care systems.
What are Springbank's investment criteria?
Springbank focuses on early-stage investments from pre-seed to Series A, targeting sectors such as AI, healthcare, consumer, and fintech. The firm emphasizes backing diverse teams and innovative solutions that address core economic challenges.
How can I apply or pitch to Springbank?
Founders can pitch to Springbank through their website at springbank.vc or by emailing hello@springbank.vc. It is advisable to include a detailed deck that outlines the business model, market opportunity, and team background.
What makes Springbank different from other VC firms?
Springbank is distinguished by its women-led team and its commitment to investing in mission-critical infrastructure that supports women and working families. The firm also emphasizes community building and collaboration with a curated network of co-investors.
What is Springbank's geographic scope?
Springbank primarily invests in early-stage companies based in the United States, focusing on sectors that enhance productivity and care systems.
What is Springbank's post-investment involvement like?
Springbank adds value to its portfolio companies through strategic support and resources, leveraging a curated network of co-investors to enhance growth and operational efficiency.
What is the typical check size for Springbank?
While specific check sizes are not publicly disclosed, Springbank focuses on early-stage investments, which typically range from pre-seed to Series A funding rounds.
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