SpringRock Ventures was founded with the perspective that healthcare and information technology are converging. We are focused on investing in this next cycle of healthcare innovation – the spectrum of SAAS, devices, services, security, genomics, oral health and other disruptive providers improving general health.
Our team’s healthcare, technology and co-founder skillsets, distinctively enable us to help entrepreneurs building compelling companies in this evolving sector. Our investment partners have invested in 50+ venture-backed companies with 20+ successful IPOs and acquisitions, creating $10B+ market value.
About Us
SpringRock funds entrepreneurial teams that are solving important problems in disruptive ways. By partnering with us, you work with an experienced investment team with co-founder experience; seasoned in the undulations a start-up undergoes between its founding and its ultimate success.
Focus
SpringRock focuses on digital health, devices, services, oral health, SAAS, consumerization/ecommerce of healthcare, IT, wellness, HIPAA and other innovative companies improving general health. We invest in early to late stage, high growth-potential companies with some demonstrated customer acceptance. We invest $2 million to $5 million in a company. We also invest at the seed/EIR stage of oral health innovation. SpringRock is based in Seattle, Washington, but invests throughout North America.
Team
SpringRock is led by an experienced venture investment team with successful healthcare and technology track records. The Managing Directors, Eric Bell and Kirsten Morbeck, collectively have invested in more than forty venture-backed companies with more than twenty five IPOs and acquisitions including C-SATS (JNJ), Vascular Solutions (VASC), Illumina (ILMN), Rosetta Pharmaceuticals (MRK), Tegic Communications (AOL/NUAN), Aquantive (MSFT), Hemosense (HEM), Sabrix (Thomson), InterNAP (INAP) and Pet’s Choice (VCAI). Their experience includes operating backgrounds as co-founders of venture-backed startups and venture investment backgrounds as venture capitalists with Silicon Valley, corporate and regional-based funds.
Sectors
We invest in early to late stage, high growth-potential companies.
Philosophy
Partner
We know that at the heart of every great company is a great entrepreneur. We believe the role of the venture capitalist is to help the entrepreneur succeed by providing strategic guidance, executive recruitment, team coaching, “lessons learned” insights, customer and partner introductions, financing, and milestone oversight. Our goal is to be the first call the CEO makes for help, to celebrate a success, to ask a quick question, or to seek a sounding board.
Support
Success is rarely a straight path. Startups must iterate, often many times, to find the formula that works. Having experienced the roller coaster ride a startup undergoes ourselves, our extended team includes a set of experienced operating executives that the entrepreneurial team may leverage. Our advisory team includes executives currently leading new product development, marketing, recruiting, engineering, universities and companies.
Flexible
SpringRock is a syndicate-friendly firm. We have no minimum ownership percentage. We feel that ownership should be earned, and is best allocated to investors who prove their value over time. We also do not require board seats, although we accept them when an entrepreneur asks. We understand that financing rounds often come together quickly; our decision process enables timely investment decisions.