/Investor DB

Valspring Capital

Venture capital

Boston · Series A–Growth · 8 people tracked

Also known as VALSPRING CAPITAL MANAGEMENT, LP

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Investment thesis

Growth-stage investor in health IT, tech-enabled services and benefits navigation (human and animal), thesis-driven sector mapping, proven health IT exits, and focus on capital-efficient, women-founded platforms.

Source: firm website, verified Sep 29, 2026.

Stage
Series A–Growth
HQ
Boston, US
Leads rounds
Leads
Founded
2022
Last 12 months
3 investments
AUM
$336.9M
Tracked investments
29
Acquisitions
6

Team · 8 people

from the firm's website & public directories
Christine Lungin
Lindsay Frumerin
Trish McCullagh· Chief Financial Officerin

What they invest in

from 25 of 29 portfolio companies

Healthtech ×22Digital Health ×17SaaS ×10AI & Machine Learning ×7Enterprise Software ×5E-commerce ×3Fintech ×3Wellness & Fitness ×3

HQs:United States×20Canada×1Mexico×1

Who they back

founder profiles across 14 portfolio companies
64%
solo founders
9 of 14 mapped founding teams
36%
repeat founders
of 11 founders with career history

Founding team size:solo founder×92 founders×43 founders×1

Where their founders studiedfrom 13 founders with education data

Cornell ×2Harvard Business School ×2Massachusetts Institute of Technology ×2MIT Sloan School of Management ×2

What their founders studiedfrom 12 founders with field-of-study data

Business & Management ×3Engineering ×3Finance & Accounting ×2Politics & Policy ×2

Where their founders worked beforefrom 11 founders with career history

Willis Towers Watson ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 29 tracked

founders shown can be your intro path

By year:2026 · 22025 · 32022 · 12020 · 12019 · 12015 · 12014 · 110 dated

AbleToableto.com

AbleTo provides in-person and virtual mental health care, including therapy, psychiatry, and medication management for adults, children, and teens dealing with concerns such as anxiety, depression, ADHD, and substance use.

Digital HealthHealthtechMental HealthNew York, US

Michael Laskoff(Executive Officer, Director)Trip HoferinPaul Pieper(Executive Officer)Tom Brennan(Executive Officer)Frank Hunt(Executive Officer)Robert Rebak(Executive Officer, Director)

Co-investors.406 VenturesBain Capital VenturesBlue Venture FundsHLM Investment PartnersOptum VenturesHorizon+1 more

Apixioapixio.com

San Mateo, US

Shahram Dastmalchi(Director, Promoter)Jeff Harmon(Executive Officer)Darren Schulte(Executive Officer, Director)

BoardShahin Hedayat(Director)Jared Kesselheim(Director)Petro Estakhri(Director)

Co-investorsBain Capital VenturesFirst AnalysisNew Mountain Capital

Auxiliusauxilius.coin𝕏

Auxilius provides software and expert services to manage clinical R&D operations and financial processes for biotech companies.

BiotechEnterprise SoftwareFintechHealthtechSaaS

Adam Weisman(CEO and Co-founder)inErin Warner Guill(Founder)in

Co-investorsBain Capital VenturesHealthTrend CapitalRenegade PartnersSignalFireXYZ Venture Capital

Cardamomcardamom.healthinJan 2026 · $20M

Cardamom is a healthcare consulting and technology firm that helps healthcare organizations improve patient access, engagement, and retention through Epic-first configuration, CRM integration, and AI-enhanced methods.

AI & Machine LearningDigital HealthHealthtechMadison, US

Vivek Swaminathan(Executive Officer, Director)in

Co-investorsHealthX Ventures

Centivocentivo.comin

Centivo is a primary-care-centered health plan administrator for self-funded employers, sold through benefits brokers and consultants.

Digital HealthHealthtechInsurTech

Alan Cohen(Founder)inAshok Subramanian(Founder & CEO)inStuart Roth(Founder)in

Co-investorsAlumni VenturesB Capital GroupB4 CapitalBain Capital VenturesBasecamp FundCox Enterprises+7 more

Covetruscovetrus.cominFeb 2019Acquired

Covetrus provides a practice improvement platform for veterinary clinics, offering practice management software, payment processing, diagnostics, prescription and online pharmacy management, client communications, and supply/distribution services.

E-commerceEnterprise SoftwareHealthtechSaaSPortland, US

Christine T Komola(Executive Officer)inDavid E Shaw(Director)Russell Cooke(Executive Officer)Anthony Providenti(Executive Officer)Georgina Wraight(Executive Officer)David Christopher Dollar(Executive Officer)

Co-investorsTPGHLM Investment PartnersWellington Management

Datica 2019.Netlifydatica-2019.netlify.app

Datica provides a cloud platform that simplifies the integration and compliance challenges of handling patient data for healthcare developers and companies.

Cloud ComputingCybersecurityDigital HealthMinneapolis, US

Travis Good, MD(CEO)

Epix Therapeuticsinacquired by Medtronic · Jan 2019 · $316M

Medtronic designs and develops medical technology for treating complex diseases.

AI & Machine LearningDigital HealthHealthtechMedical Devices

Co-investors8VCCWRU Technology VenturesElevate VenturesMenlo VenturesOak Investment PartnersPfizer Venture Investments+5 more

Healthjoyhealthjoy.comin

HealthJoy provides a benefits navigation platform that unifies an employer's benefits package into a single app, using AI-powered and human-backed support to guide employees to high-value care and boost benefits utilization.

AI & Machine LearningDigital HealthHealthtechHR TechSaaSChicago, US

Justin Holland(Executive Officer, Director)inClint Jones(Director)Brandon Cruz(Director)Shane Cruz(Director)Doug Morse-Schindler(Executive Officer)

BoardStuart Larkins(Director)in

Co-investorsBlue Hour VenturesChicago VenturesEndeavour VisionEPIC VENTURESNueterra CapitalReal Tech Capital+2 more

Iodine Softwareiodinesoftware.comin𝕏

Iodine Software's page presents Waystar, an AI-powered platform that automates healthcare revenue cycle management, including insurance verification, prior authorizations, price transparency, and payments.

AI & Machine LearningHealthtechSaaS

Co-investorsBain Capital VenturesSilversmith Capital PartnersAdvent International

Kalderoskalderos.comin𝕏Acquired

Kalderos describes its company culture, values, and diversity and inclusion initiatives, including a women-in-tech program.

AI & Machine LearningDigital HealthHealthtechSaaSChicago, US

Jeremy Docken(Chief Executive Officer of Issuer)Jim Sparks(Executive Officer)inRusty Hensley(Executive Officer)inAngie Franks(Executive Officer, Director)inMicah Litow(Director)in

BoardClint Stone(Director)

Co-investorsAlumni VenturesBain Capital VenturesBascom VenturesMercato PartnersSavano Capital Partners

Koala Healthkoala.healthinSeries B · Jun 2022 · $20M

Koala is an online pharmacy that sells vet-approved medications, supplements, and health products for pets, with free shipping on orders over $45.

E-commerceHealthtechMelrose, US

Gavin Cotter(Founder)inJordan Smith(Founder)Stephen Hendel(Founder)

BoardJosh Kopelman(Director)Greg Yap(Director)in

Co-investorsAlumni VenturesBoxGroupFirst Round CapitalMenlo VenturesDCM Ventures

Legacygivelegacy.comin𝕏

Legacy is a men's fertility and reproductive health company that provides sperm testing, analysis, and banking services.

Digital HealthHealthtechWellness & FitnessNew York City, US

Khaled Kteily(Founder)inSarah Steinle(Founder)in

Co-investorsAlumni VenturesAMK Investment OfficeBain Capital VenturesSamsung NextThe MBA FundTOLOKA SYNDICATE LIMITED+20 more

Mpulsempulse.comin𝕏Oct 2014

mPulse combines technology with healthcare expertise to deliver outcomes for its partners, working with organizations such as health plans that manage care for vulnerable populations.

Digital HealthEnterprise SoftwareHealthtechSanta Monica, US

Gregory Goldner(Executive Officer, Director)Chelsea Krost(Executive Officer, Director)

Co-investorsBonfire VenturesEcho Health VenturesHLM Investment PartnersOCA VenturesOptum VenturesSJF Ventures+1 more

Nordicglobalnordicglobal.com𝕏

Nordic Global provides clinical optimization services to healthcare organizations, helping them reduce care variation and improve care delivery by enhancing documentation efficiency, care team workflows, and clinical decision-making through data analytics and process redesign.

Digital HealthEnterprise SoftwareHealthtechMadison, US

Oceans Healthcareoceanshealthcare.comin

Oceans Healthcare operates behavioral health hospitals and programs for patients of all ages, with a centralized support model based in Texas.

Digital HealthHealthtechMental HealthPlano, US

Stuart Archer(CEO)

Co-investorsHLM Investment PartnersM33 Growth

Parallel Learningparallellearning.cominSeries B · Dec 2025 · $20M

Parallel provides evidence-based services and assessment tools for schools and education providers to support students with learning differences.

B2B MarketplacesDigital HealthEdTechHealthtech

Diana Heldfond(Founder)inDr. A. Jordan Wright(Chief Clinical Officer)

Co-investorsGreat Oaks Venture CapitalObvious VenturesRethink ImpactVine VenturesAnimal CapitalREMUS Capital+1 more

PaySpanpayspan.comin𝕏Aug 2015acquired by Zelis

Zelis provides software platforms for healthcare payers, providers, and members to optimize claims management, payment processing, and care network management.

Digital HealthEnterprise SoftwareFintechHealthtechSaaSJacksonville, US

Rex Adams(Executive Officer, Director)Reese Porter(Executive Officer)

BoardCalbraith Wheaton(Director)Timothy Weglicki(Director)Yumin Choi(Director)in

Co-investorsABS Capital PartnersHLM Investment Partners

Phoenixphoenix.cain𝕏

Phoenix is a telehealth platform that delivers prescription medications for men's health directly to patients in Canada through an online assessment and licensed pharmacy partners.

Digital HealthHealthtechSaaSWellness & FitnessToronto, CA

Gavin Thompson(Founder)inKevin Bache(Founder)in

Co-investorsFlucas VenturesY CombinatorCIBCGoodwater CapitalHENRY Collective VenturesOrdinary+3 more

Rasporedraspored.netlify.appin𝕏

Netlify provides a platform for building, deploying, and scaling modern web applications, including corporate sites, e-commerce platforms, and SaaS applications.

AI & Machine LearningCloud ComputingDeveloper ToolsEdTechSaaSSan Francisco, US

Mathias Biilmann(Co-founder & CEO)Christian Bach(Co-founder, Chief Strategy and Creative Officer)in

Co-investorsAndreessen HorowitzBessemer Venture PartnersBloomberg BetaDesigner FundEQT VenturesKleiner Perkins+4 more

Season Healthseasonhealth.comin𝕏Acquired

Season provides personalized nutrition consulting through board-certified dietitians matched to patients via online assessment, with meal planning and prepared meals delivered based on individual health goals.

Digital HealthHealthtech

Josh Hix(CEO)in

Co-investorsAble PartnersAndreessen HorowitzBlue Trail PartnersCoalition OperatorsHealthy VenturesImagination Capital+5 more

Small Doorsmalldoorvet.comin𝕏Series C · Jul 2025 · $35M

Small Door provides veterinary care for pets through modern clinics that combine technology with personalized service.

ConsumerDigital HealthHealthtechWellness & FitnessNew York, US

Co-investorsAlumni VenturesLerer HippeauNat TurnerPrimary Venture PartnersToba CapitalWestway Capital+3 more

Topography Healthjointopo.cominSeries A · May 2020 · $22MAcquired

Topography Health operated a site business unit that was acquired by FOMAT Medical Research.

Medical DevicesWilmington, US

N. Alexander Saint-Amand(Executive Officer, Director, Promoter)inAlexander Saint-Amand(Founder)inAndrew P. Kirchner(Executive Officer, Director, Promoter)Joshua M. Parish(Executive Officer, Director, Promoter)

Co-investorsAndreessen HorowitzFJ LabsLifeforce Capital75 & SunnyBain Capital VenturesSpencer Rascoff

Verana Healthveranahealth.comin𝕏

Verana Health aggregates de-identified clinical data from a network of over 20,000 physicians in ophthalmology, urology, and neurology to power real-world evidence, clinical trial enablement, and quality reporting for pharmaceutical companies and healthcare providers using AI and machine learning.

AI & Machine LearningData & InfrastructureDigital HealthHealthtechSan Francisco, US

Mark Blumenkranz, MD(Co-Founder, Verana Health and Lagunita Biosciences)Sujay Jadhav(Chief Executive Officer)in

Co-investorsNovo HoldingsBreyer CapitalGV (Google Ventures)Merck Global Health Innovation FundMSD Global Health Innovation FundNat Turner+3 more

Vetsourcevetsource.comin

Vetsource provides digital prescription management and online pharmacy solutions for veterinary practices, enabling staff to streamline medication dispensing, manage client orders, and handle preventative care compliance through integrated workflows and branded e-commerce platforms.

E-commerceHealthtechRetail TechSaaS

Andrew Bane(Chief Executive Officer)in

Co-investorsBain Capital VenturesCencora VenturesBain CapitalCerity Partners Ventures

Zeliszelis.comin𝕏

Zelis builds healthcare-specific technology to help clients manage operations and stay compliant with changing regulations in the healthcare financial system.

FintechHealthtechSaaSBedminster, US

Douglas Klinger(Executive Officer, Director)Edward Fargis(Executive Officer)inThomas Kloster(Executive Officer)inKurt Brumme(Director)Joseph DiMartini(Director)Eric Schaefer(Director)

Co-investorsBain Capital VenturesEdison PartnersNorwest Venture PartnersParthenonBain Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

InovalonPediatricaPhoenix Health

Exits · 6

6 acquisitions · showing 2

Epix Therapeuticsacq. by MedtronicPaySpanacq. by Zelis

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Valspring Capital made?
Valspring Capital has 29 tracked investments, 6 of which have exited, including 5 dated in the last 24 months.
What stage does Valspring Capital invest at?
Valspring Capital invests at the Series A, Series B, Growth stages.
What sectors does Valspring Capital focus on?
Valspring Capital focuses on Biotech, Data & Infrastructure, Digital Health, Enterprise Software, Healthtech, Medical Devices, SaaS.
Where is Valspring Capital located?
Valspring Capital is headquartered in Boston, US.
Does Valspring Capital lead rounds?
Yes, Valspring Capital leads investment rounds.
Who does Valspring Capital co-invest with?
Valspring Capital most often shares deals with Bain Capital Ventures, Alumni Ventures, HLM Investment Partners, among 90 tracked co-investors.
What size deals does Valspring Capital back?
Across 5 deals with disclosed amounts, Valspring Capital has joined rounds of $20M – $35M (median $20M).

Co-investors · 1

US Venture Partners

US Venture Partners (USVP) is an early-stage venture capital firm investing in information technology and healthcare companies, with four decades of investing experience.

Both backed · 1
$500K – $10M

Firms observed investing alongside Valspring Capital, from public investor directories. Shared companies are the overlap with Valspring Capital's recorded portfolio.

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