Greenspring Associates

Greenspring Associates
Private
Industry Private equity, Venture capital
Founded 2000 (2000)
Key people
 C. Ashton Newhall,
James "Jim" Lim
AUM $5.2B
Number of employees
 56
Website www.greenspringassociates.com

Greenspring Associates is a venture capital firm that invests primarily in the information technology,[1] biotechnology, healthcare and telecommunications[2] sectors. The firm is based in Owings Mills, Maryland[3] and maintains an office in Palo Alto, California. The company is led by two Managing General Partners, C. Ashton Newhall and James "Jim" Lim.

According to the firm's website and other sources such as Bloomberg and SEC filings, Greenspring Associates specializes in venture capital fund, direct and secondary investing while also providing bespoke solutions on behalf of large institutions.[2] As of June 2016, the firm maintained approximately $4.1 billion in assets under management (AUM)[4] on behalf of a wide range of global institutions.

History

Greenspring Associates was founded in 2000 as Montagu Newhall Associates by C. Ashton Newhall, son of New Enterprise Associates' co-founder, venture capitalist Chuck Newhall,[5] and Rupert Montagu.

In 2010, the firm became "Greenspring Associates".[6]

The firm's historical direct investments include Chewy.com[7], Fuze[8], Everything But The House,[9] ExactTarget (now Salesforce Marketing Cloud), GrubHub, Cologix,[10] Cvent, Gigya,[11] Intarcia Therapeutics, Workfront, Teamviewer, DemandBase,[12] Proofpoint, ChannelAdvisor, Cameron Health (now part of Boston Scientific) and ScanSafe[13][14]

References

  1. ↑ Wells, Carrie. "Greenspring Associates raises $430 million to invest in technology funds". baltimoresun.com. Retrieved 2017-03-04.
  2. 1 2 "Greenspring Associates Inc: Company Profile". Bloomberg L.P. Retrieved 2017-03-04.
  3. ↑ "Executives, networking helped make 2015 a watershed year for VC funding". Indianapolis Business Journal, January 23, 2016 Jared Council
  4. ↑ "Greenspring raises $200M venture capital fund". www.bizjournals.com. Retrieved 2017-03-04.
  5. ↑ Michael Yockel (Jul 28, 2011). "Clear-Eyed Capitalists: The Next Generation of Local Leaders"". Baltimore Fishbowl.
  6. ↑ "Montagu Newhall becomes Greenspring Associates". www.bizjournals.com. Retrieved 2017-03-04.
  7. ↑ "Pet food retailer Chewy.com has seen fantastic growth. But can it keep up the pace? | Miami Herald". www.miamiherald.com. Retrieved 2017-04-19.
  8. ↑ "Fuze Closes $104 Million in New Funding to Fuel Growth and Expansion as the Cloud Communications Platform for Global Enterprises". Retrieved 2017-03-04.
  9. ↑ "Exclusive: This Startup for Estate Sales Just Raised $41.5 Million". Fortune. Retrieved 2017-03-04.
  10. ↑ Kang, Jaewon (2016-11-30). "Private-Equity Backed Data Center Operator Cologix Explores a Sale". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-03-09.
  11. ↑ "With 700 Customers And 1.5B Uniques, Gigya Lands $25M To Help Businesses Manage Consumer Data". TechCrunch Sep 19, 2013 by Rip Empson
  12. ↑ "Demandbase, an account-based marketing specialist, raises $30 million". Fortune. Retrieved 2017-03-09.
  13. ↑ "Montagu Newhall could see payday after ScanSafe sale". www.bizjournals.com. Retrieved 2017-03-04.
  14. ↑ "Greenspring Associates | Our Current Investment Portfolio". www.greenspringassociates.com. Retrieved 2017-03-09.
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