- Springdale Ventures has successfully closed a $40 million funding round for its second fund aimed at investing in early-stage consumer brands.
- The fund is nearly double the size of Springdale’s first fund launched in 2019 and includes returning limited partners, family offices, successful entrepreneurs, and prominent athletes.
- So far, Springdale’s second fund has invested in 14 early-stage consumer brands across various sectors including food, beverages, pet, health, and beauty.
Springdale Ventures, based in Austin, Texas, announced the successful closure of its $40 million Fund II that aims to bolster its mission of investing in transformative early-stage consumer brands that are constructing products and solutions for better living. The fund is almost double in size from Springdale’s Fund I, which was launched in 2019. It has received backing from many returning limited partners, family offices, entrepreneurs, and notable athletes.
Building on the success of Fund I, Springdale’s Fund II continues to fund emerging consumer brands across various sectors such as food, beverage, pet, health, and beauty. As Springdale is a leader in early-stage investing, it is well-positioned to produce and deliver value to its investors and portfolio companies. The firm does this by elevating the entrepreneurs behind these brands and the broader ecosystem that supports them.
Notably, Fund II has already invested in 14 firms, including Big Nose Kate, a whiskey brand that is the first to feature a female protagonist as the brand’s anchor. The brand is led by a female distiller and has collaborated with popular Hollywood actress and producer, Melissa McCarthy, and her husband, Ben Falcone. Other businesses that the fund has invested in include Branch, Gales, BloxSnacks, and Nectar.
“We’re extremely thankful for the trust that our investors place in us to champion early-stage consumer investing as a valued asset class,” said Genevieve Gilbreath, Co-founder and General Partner at Springdale Ventures. She further acknowledged the huge opportunity for capital allocation within early-stage consumer brands in the United States pointing out that the consumer market accounts for a significant 70% of the U.S. GDP. Springdale is leading the charge in this area and providing talented founders with the necessary access and capital to succeed, alongside practical advice from their own founder experiences.
In 2024, Springdale Ventures aims to delve deeper into categories that emphasize health and wellness for people and pets, sustainability, and brands that build authentic connections and communities through compelling content.
About Springdale Ventures: Springdale Ventures is an Austin, Texas-based venture capital firm that collaborates with visionary founders to fast-track the growth of early-stage consumer brands that are both digitally native and retail-ready. The firm has so far invested in more than 40 portfolio companies. For more information, visit www.springdaleventures.com.
