Springdale Ventures secures $40M to fuel their entrepreneurial journey.

Springdale Ventures has raised $40 million in its second funding round to invest in early-stage consumer brands. The venture capital firm, founded by Genevieve Gilbreath and Dan Graham, will use the funds to invest in emerging consumer brands in the food, beverage, pet, health and beauty industries. Some of the companies that Springdale has invested in include whiskey brand Big Nose Kate, office furniture company Branch, shoe company Gales, consumer brand BloxSnacks, and hard seltzer company Nectar. Springdale has also led funding rounds for other consumer packaged goods companies, including Acid League, KOS, and Tiny Organics. Gilbreath explained that Springdale is focused on filling the gap in funding for early-stage consumer brands, which make up 70% of the US GDP but receive significantly less private equity capital compared to software companies.