SPRING LANE CAPITAL
SPRING LANE CAPITAL is a Series C+, debt and other fund in the US and Canada writing $18M–$56M checks into Climate, food, water, waste and transportation.
- Stages
- Series C+, debt, other
- Sectors
- Climate, food, water, waste, transportation
- Check size
- $18M–$56M
- Invests in
- US-wide, Canada
- Actively investing
- Yes
- Founded
- 2017
- Assets under management
- $447M
Thesis
Spring Lane Capital, founded in 2017 and based in Boston, is a private equity firm focused on sustainable infrastructure. They provide "catalytic project capital" and "hybrid project capital" to companies in the energy, food, water, waste, and transportation sectors, aiming to address the "missing middle" in climate finance. Their strategy involves scaling infrastructure for a sustainable future by targeting companies with distributed asset solutions that offer resource efficiency and economic benefits. They look for management teams with proven technology and commercial revenues, where customers prefer no upfront capital expenditure for onsite services. The "Hybrid Project Capital" approach combines project equity for small systems with corporate growth capital to accelerate growth and sales cycles. Investments are primarily in the United States and Canada. While focusing on growth capital, their model emphasizes project finance, with 80-90% of investments in infrastructure and 10-20% for growth. As of July 2023, their AUM was $447 million, with Fund II closing at $290 million.
Common questions
Does SPRING LANE CAPITAL invest at the Series C+ stage?
Yes. SPRING LANE CAPITAL lists Series C+, debt and other among the stages it invests in.
What check size does SPRING LANE CAPITAL write?
SPRING LANE CAPITAL writes $18M–$56M checks.
Where does SPRING LANE CAPITAL invest?
SPRING LANE CAPITAL invests in the US and Canada.