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Sprint Ventures

Invest in early stage technology across Automation & AI, Medical & Aged Care, Property, Energy, eCommerce & Finance
Sprint Ventures
Leadership team

Doug Pepper (Founder)

Leanne Kemp (CEO)

Alex Cavuoto (CFO)

Number of Employees
0 - 50
Headquarters
Brisbane, Queensland, Australia
Established
2016
Social Media
Summary

SprintVC is a venture capital firm that invests in early-stage technology companies with disruptive potential. The firm is based in San Francisco and was founded in 2015 by Doug Pepper, an experienced venture capitalist who has previously worked at several well-known firms, including InterWest Partners and Shasta Ventures.

SprintVC's investment strategy is focused on supporting companies that are leveraging technology to solve complex problems and create positive social and environmental impact. The firm has a particular interest in healthcare, fintech, edtech, and cybersecurity, and it looks for companies that are developing innovative solutions in these areas.

In addition to providing financial support, SprintVC works closely with its portfolio companies to help them achieve their growth objectives. The firm provides strategic guidance, operational support, and access to its extensive network of industry contacts, helping its portfolio companies to scale their businesses and achieve long-term success.

History

Sprint Ventures, also known as SprintVC, is a venture capital firm based in San Francisco, California. The firm was founded in 2015 by Doug Renert, a former partner at Tandem Capital, and partners at Runa Capital, a venture capital firm focused on early-stage investments in software and cloud-based services.

SprintVC has raised over $250 million across multiple funds and focuses on investing in early-stage companies that operate in the fields of artificial intelligence, machine learning, big data, cloud computing, and the Internet of Things (IoT). The firm's portfolio includes a wide range of companies, including cybersecurity startups, e-commerce platforms, and health technology companies.

One of SprintVC's most notable investments was in the cybersecurity startup Crowdstrike, which went public in 2019 and is now valued at over $30 billion. SprintVC was also an early investor in the cloud-based analytics company Looker, which was acquired by Google in 2019 for $2.6 billion.

In addition to providing capital to startups, SprintVC also offers mentorship and support to help entrepreneurs grow their businesses. The firm's team includes experienced entrepreneurs and operators with a wealth of knowledge and expertise in technology and business.

SprintVC's success is a testament to the firm's commitment to identifying and supporting innovative startups with the potential to transform their respective industries. By providing capital and mentorship to early-stage companies, SprintVC is contributing to the growth and development of the technology industry and helping to create new opportunities for innovation and entrepreneurship.

Investment criteria

SprintVC is a venture capital firm that invests in early-stage technology startups. The firm's investment criteria are focused on identifying innovative companies with the potential to disrupt their respective industries and create significant value for investors.

SprintVC invests primarily in startups operating in the fields of artificial intelligence, machine learning, big data, cloud computing, and the Internet of Things (IoT). The firm is particularly interested in startups that are leveraging emerging technologies to create new business models or improve existing ones.

In terms of stage, SprintVC typically invests in seed and early-stage companies, although the firm also makes investments in later-stage rounds for portfolio companies that are experiencing significant growth and traction.

The firm's investment process involves a rigorous evaluation of each potential investment opportunity. SprintVC's team of experienced entrepreneurs and investors assesses factors such as the strength of the founding team, the market opportunity, the competitive landscape, and the potential for growth and scalability.

SprintVC is also committed to working closely with portfolio companies to help them grow and succeed. The firm's team provides mentorship and support to help entrepreneurs navigate the challenges of building a successful technology company. SprintVC is dedicated to building long-term relationships with portfolio companies and helping them achieve their full potential.

SprintVC's investment criteria are focused on identifying innovative startups with strong potential for growth and value creation. By investing in early-stage companies and providing mentorship and support, the firm is contributing to the growth and development of the technology industry and helping to create new opportunities for innovation and entrepreneurship.

Values

The firm's values reflect its commitment to integrity, collaboration, innovation, and impact.

Integrity is a fundamental value for SprintVC. The firm operates with the highest levels of ethics and professionalism and is committed to building long-term relationships based on trust and mutual respect. SprintVC places great importance on transparency, honesty, and accountability in all of its interactions with stakeholders.

Collaboration is another core value for SprintVC. The firm believes that the best investment outcomes are achieved through collaboration and partnership between entrepreneurs and investors. SprintVC's team works closely with portfolio companies to provide mentorship, guidance, and support, and to help them overcome challenges and achieve their goals.

Innovation is at the heart of SprintVC's investment strategy. The firm is committed to investing in innovative startups that are using emerging technologies to disrupt traditional industries and create new opportunities for growth and development. SprintVC believes that innovation is key to driving economic growth and creating positive social and environmental impact.

Finally, SprintVC is committed to creating impact through its investments. The firm believes that technology has the power to create positive change in the world, and it seeks out investment opportunities that have the potential to generate both financial returns and meaningful social or environmental impact.

SprintVC's values reflect its commitment to investing in innovative startups that have the potential to transform their respective industries and create positive change in the world. By operating with integrity, collaboration, innovation, and impact, the firm is contributing to the growth and development of the technology industry and helping to create new opportunities for innovation and entrepreneurship.

Mission

SprintVC is a venture capital firm with a mission to support and invest in innovative technology startups that have the potential to disrupt traditional industries and create positive change in the world. The firm's mission statement reflects its commitment to investing in companies that are using emerging technologies to drive economic growth, improve social welfare, and promote environmental sustainability.

SprintVC's mission is to identify and invest in early-stage startups that are leveraging emerging technologies such as artificial intelligence, machine learning, big data, cloud computing, and the Internet of Things (IoT) to create new business models or improve existing ones. The firm seeks out entrepreneurs who are passionate about solving complex problems and who have the potential to transform their industries through innovation.

SprintVC is also committed to providing mentorship, guidance, and support to portfolio companies to help them overcome challenges and achieve their full potential. The firm's team of experienced entrepreneurs and investors works closely with portfolio companies to help them build strong, sustainable businesses that create value for investors and stakeholders.

Portfolio

The firm's portfolio spans a range of sectors, including healthcare, fintech, edtech, and cybersecurity, and includes several high-growth companies that have achieved significant success in their respective markets. Here are some of the notable portfolio companies of SprintVC:

  1. Carbon Health - A technology-enabled healthcare provider that offers virtual and in-person medical services.
  2. Abacus Insights - A healthcare data analytics company that uses big data and machine learning to help healthcare providers and insurers make data-driven decisions.
  3. NerdWallet - A personal finance website that provides consumers with objective financial advice and comparisons of financial products.
  4. Acorns - An investment app that enables users to invest their spare change automatically.
  5. Quizlet - A leading online learning platform that helps students study and learn new concepts.
  6. Squirrel AI - An adaptive learning platform that uses artificial intelligence to personalize learning for students.
  7. FortressIQ - An intelligent process automation platform that uses computer vision and machine learning to automate business processes.
  8. Memfault - A software company that provides real-time monitoring and diagnostics for embedded devices.
  9. Instawork - A platform that connects hourly workers with job opportunities in their local area.
  10. Abnormal Security - A cybersecurity company that uses artificial intelligence to detect and prevent email attacks.
References
Sprint Ventures
Leadership team

Doug Pepper (Founder)

Leanne Kemp (CEO)

Alex Cavuoto (CFO)

Number of Employees
0 - 50
Headquarters
Brisbane, Queensland, Australia
Established
2016
Social Media