Springdale Ventures
1023 Springdale Rd Suite 1J, Austin, TX, 78721, United States
Overview
Springdale Ventures is a venture capital firm focused on consumer packaged goods. It partners with resolute founders, who are pursuing their passions, and helping them create meaningful, sustainable brands.
- Total investments
- 15
- Lead investments
- 4
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Business Development
- Finance
- Venture Capital
Investment portfolio
- Gooder Foods
Participated · Series A · Sep 2023
Goodles produces plant-forward noodle products—mac and three pasta styles—using plant proteins, fiber and added nutrients with over 10 mac flavors and Clean Label Certification. Its products are sold direct-to-consumer and at national retailers including Target, Whole Foods Market, Publix, HEB, Wegman’s and Sprouts Markets. The company reports distribution in over 35,000 retail points nationwide. Founders are CEO Jen Zeszut and Paul Earle; the founding team includes Chief Product Officer Molly Michet, Chief Impact Officer Deb Luster, and Founding Partner Gal Gadot. Goodles plans to use recent funding to add three C‑suite executives and to expand U.S. production capacity to meet growing consumer demand. Goodles is a macaroni-and-cheese brand from Gooder Foods offering an adult-focused, healthier take on dry noodles. The product is high in protein and fiber and contains 21 nutrients from organic vegetables, launching with four SKUs: Mover & Shaker, Cheddy Mac, Shella Good, and Twist My Parm. The company built an online community during the pandemic, shipping thousands of sample bags and iterating through more than 1,000 noodle versions; testing showed 92% of respondents would switch to Goodles. Goodles is positioning itself against incumbents Kraft and Annie’s by emphasizing improved taste and nutrition. Gooder Foods raised $6.4 million to fund a direct-to-consumer launch, inventory, branding and marketing, with plans for national distribution.
- TBD Health
Participated · Seed · Jan 2023
TBD Health is a hybrid sexual healthcare platform focused on sex-positive, supportive sexual healthcare. The company’s platform offers at-home and in-clinic screenings, emergency contraception, education and counseling. Services are available via telehealth or in-person at its Las Vegas Care hub; previously it provided at-home testing in Washington, Arizona, Nevada, Massachusetts, Florida and Connecticut. Co-founded by Stephanie Estey and Daphne Chen, TBD Health has plans to expand its offerings. The company raised $4.4M in Seed funding to support national expansion. It aims to expand to all 50 states after navigating the clinical and regulatory hurdles that accompany operating in new states.
- Speakeasy
Participated · Seed · Jan 2023
Speakeasy Co. operates an e-commerce platform purpose-built for wine and spirits brands, enabling them to sell directly to consumers while respecting the three-tier system. The platform supports premium, hard-to-find and craft products and can fulfill merchandise, custom packaging, personalized labels, cocktail kits and more. Speakeasy has developed a centralized fulfillment model it calls differentiated and is investing further in that capability. The company reports nearly 300 brand partners, including WhistlePig, Tesla Tequila, Stoli Group and Jägermeister, and cites significant year-over-year revenue growth. With the new capital the team plans to expand headcount to support continued growth and scale its fulfillment and platform operations. The company is based in San Diego. Speakeasy Co. provides an e-commerce and fulfillment platform servicing the wine and spirits industry, supporting sales and logistics for beverage brands. The company partners with emerging brands and major suppliers across ready-to-drink beverages, wine, beer and spirits, including Tesla Tequila. Led by Co‑Founders and executives Josh Jacobs (CEO) and Michael Bowen (COO), Speakeasy has grown its platform presence significantly. Since January 2020 the company scaled from roughly 40 to over 280 brands as of August 2021. The firm is headquartered in San Diego, CA. It plans to use new funding to accelerate growth and bolster services for brand partners by investing in people, technology, offerings and logistics.
- Wove
Led · Seed · Nov 2022
Wove builds a technology-driven engagement ring business that speeds custom production using 3D printing to create replicas and finished rings for at-home try-on. Founded in 2021 by West Point classmates and former Army Rangers Andrew Wolgemuth and Brian Elliott, the company offers a two-week design experience with an average order price of $10,000. Wove says it can create pieces six times faster than traditional jewelry making and can 3D print up to 300 different rings at once within three hours. Its jewelry is made 100% in the United States using ethically sourced diamonds and sustainable materials, and the company employs its own in-house jewelry designers. Wove has just over 20 employees, has produced thousands of rings since launch, and reports revenue grew fivefold. The company plans to expand its e-commerce line, launch a customer design portal with live chat and order tracking, and add earrings, pendants, necklaces and bracelets by the end of the year.
- Maev
Participated · Equity · Sep 2022
Maev is a raw dog food brand led by CEO Katie Spies that sells three products: Raw Food, Daily Vitamin Bars, and a Bone Broth Topper. Its products are 100% made in the USA, human‑grade using USDA‑certified ingredients, and contain no preservatives, synthetics, fillers, or by‑products. Since founding in 2020, the brand has served over 7 million meals and tripled its subscriber base in 2022. The company plans product expansions, veterinarian‑backed research, and recipe development using the new capital. Maev also intends to bolster team growth and hiring across all functions with the funds. Maev develops human-grade raw frozen dog food sold primarily via subscription, with meals that are ready-to-eat from the freezer and formulated alongside veterinary nutritionists. The company launched its first product in 2020 after being founded in 2019 and has since added supplemental vitamin bars and a bone-broth topper to its pipeline. Maev charges roughly $2 per meal, has acquired about 2,000 customers, and reports 92% customer retention after the first box. The business has 16 employees and 11 open jobs, and says it has been growing both revenue and customer bases while investing in supply chain and product innovation. Management reports roughly 20% month-over-month growth and plans to push that to 25% while expanding to omnichannel distribution and focusing on retention. Product roadmap includes a chicken formula expected in about three months and continued investment in brand awareness, hiring, and a headquarters move to Austin.