Springboard Growth Capital
31 Hudson Yards, 11th Floor, New York, NY, 10001, United States
Overview
Springboard Growth Capital (SGC) invests in high-growth companies founded by dynamic female entrepreneurs. With a focus on helping visionary entrepreneurs create market leaders, SGC employs a scalable independent sponsor model that is unique among women-focused funds in its capacity and flexibility to make growth equity investments of meaningful size. Backed by leading financial institutions, family offices and notable entrepreneurs, SGC invests in digitally native brands and consumer-facing technology companies that are transforming categories and revolutionizing industries.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Finance
- Financial Services
- Social Entrepreneurship
- Social Network
Investment portfolio
- Hint
Led · Series D · Aug 2020
Hint produces fruit-flavored water without sugar or sweeteners in still, sparkling, and caffeinated varieties and is sold online and at major grocery, mass, and warehouse retailers. The company reports retail sales growth exceeding 80% in the past 52 weeks and says it is growing eight times faster than the still flavored water category. Hint has driven compounded annual growth of 50% over the past five years, is available in over 30,000 brick-and-mortar stores, and produces its products in multiple locations across the U.S. Online sales have more than doubled in 2020 and recurring revenue at drinkhint.com has reached approximately 60% of sales. Despite COVID-19, Hint broke monthly sales records in the first seven months of 2020. The company plans to use the new financing to fuel continued hyper-growth online and in retail locations across the country.