Spring
Company

Last deal

$2.3M

Amount

Venture - Series Unknown

Stage

01.11.2013

Date

1

all rounds

$2.3M

Total amount

date founded

Financing round

General

About Company
Spring is a mobile application that offers cash back and special rewards for visiting particular retailers.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2012

Operating Status

Closed (27.06.2019)

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Spring is a Chicago-based company founded in 2012 that connects digital channels to in-store revenue, providing marketing solutions for businesses and loyalty and rewards programs for users. With offices in Chicago, San Francisco, and Nashville, Spring initially focused on major metropolitan areas when it launched in 2013. The company has been rapidly expanding its market coverage. In 2020, Spring Reward was acquired by Klarna, although the terms of the transaction were not disclosed. Spring makes it easy for customers to receive cash-back rewards and offers directly on their credit or debit cards from their favorite merchants.
Contacts

Phone number

Social url

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Financials

Funding Rounds
1
1

Number of Funding Rounds

$2.3M

Money Raised

Their latest funding was raised on 01.11.2013. Their latest investor Pritzker Group Venture Capital. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Pritzker Group Venture Capital

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Venture Capital, Financial Services

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Chicago, IL, USA

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181

count Of Exists

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count Of Investments

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Co-Investors
Investors
4
4

Number of lead investors

4

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Venture - Series Unknown
Yes
Venture - Series Unknown
Yes
Venture - Series Unknown
Pritzker Group Venture Capital

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Chicago Ventures

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Chicago Ventures partners with entrepreneurs to build companies in undercapitalized ecosystems.

Sector

General Industrials

Subsector

Diversified Industrials

Keywords

Venture Capital, Financial Services, Internet

Location

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count Of Investments

121

count Of Exists

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Stuart Larkins

Stuart Larkins

Stuart is an Internet entrepreneur and digital marketing expert with more than twelve years of experience leading Internet companies and start-up organizations. Stuart is a co-founder and Partner of Chicago Ventures, a seed stage venture capital fund, where he is overseeing all aspects of Chicago Ventures including fund management, deal sourcing and investments, and working directly with portfolio companies. Prior to joining the Chicago Ventures, Stuart’s digital marketing career was focused on early stage startups. He was Senior Vice President and part of the founding management team at Performics, a pioneer in affiliate and search engine marketing. During his eight years at Performics, he helped lead the business through rapid growth and subsequent acquisitions by Doubleclick, Hellman & Friedman, Google, and Publicis. Stuart was also involved in many online advertising industry groups and associations, such as the IAB, Yahoo Search Advertiser Council, MSN Search Committee, and the Google SEM Council. In addition to his involvement with the Chicago Ventures, Stuart is the Founder and Managing Partner of Twin Capital, where he is an investor in early-stage interactive marketing service and technology companies. He sits on the board of directors of Performline and Trunk Club. Stuart is also a member of the Board of Trustees of the Shedd Aquarium, a member of the Economic Club of Chicago, and a member of the Springboard Foundation. Stuart holds a B.S. in Economics from Southern Methodist University.

current job

Meritize
Meritize

organization founded

1
Jump Capital

Jump Capital

Jump Capital is an early-stage venture firm specializing in data-driven technology investments.

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Michael McMahon

Michael McMahon

With over 20 years of executive and financial leadership experience, Mike has operated or advised companies across a broad range of industries and stages from startups to mature enterprises. Prior to co-founding Jump Capital, he was a senior partner for Excelar Group LLC, a provider of strategic execution and advisory services. He also served as President of SIRVA, a Clayton, Dubilier & Rice portfolio company. Mike spent sixteen years with GE and GE Capital in a breadth of financial, operating and global assignments and is an honors graduate from GE’s prestigious Financial Management and Leadership Development programs. Mike attended Pennsylvania State University, where he graduated with highest distinction earning a BS in Finance.

current job

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Jump Capital

organization founded

1
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Toodalu acquired by Spring

Toodalu acquired by Spring

acquirer

Spring
Spring

date

01.01.2013

type

Acquisition
Toodalu

Toodalu

Toodalu is a company that builds custom mobile applications with integrated loyalty programs.

Sector

Finance and Credit Services

Subsector

Consumer Lending

Keywords

Financial Services, E-Commerce, Mobile

Location

Chicago, IL, USA

total rounds

1

total raised

$1.1M

People

Founders
2
Jonathan Dyke
Jonathan Dyke

Jonathan Dyke

Jonathan Dyke is a Lecturer in Business Studies at Vanderbilt University. He earned his Bachelor's degree at Vanderbilt University.

current job

Spring
Spring

organization founded

1

Jonathan Dyke

Bruce Mitchell
Bruce Mitchell

Bruce Mitchell

current job

Klarna
Klarna

organization founded

1

Bruce Mitchell

Employee Profiles
3
Jonathan Dyke

Jonathan Dyke

Co-Founder and Executive Chairman

Bruce Mitchell

Bruce Mitchell

Chief Executive Officer

Activity

Recent News
0