Springdale Ventures, Austin, Texas, announced plans to expand its first fund to $25 million based on achieving close to nearly $20 million in 6 months.
“We founded Springdale Ventures because we were acutely aware of the gap in strategic funding for early stage consumer brands both here, in the booming Austin ecosystem, and wider afield. Because of rapid commitments from investors, we plan to reach our $25 million goal in the next 90 days,” says Genevieve Gilbreath, co-founder and general partner.
“Outstanding deal flow has led to investments in nine high-growth brands, most with mixed gender and/or diverse founder teams. Supporting inclusive companies aligns with our core values and all recent studies show that more inclusive teams produce better results,” says Dan Graham, co-founder and general partner.
Springdale Ventures' portfolio of companies includes Cece's Veggie Co., Austin, Texas, and more.