# Spring Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spring-labs

- Industry: Financial Services
- Headquarters: Marina del Rey, US
- Website: www.springlabs.com
- Total disclosed funding: $48M
- Latest round: Series B (Apr 19, 2021)
- Investors on record: 12

## About

Founded in 2017 and based in California, US, Spring Labs Holdings, Inc., doing business as Spring Labs, operates an online blockchain-based platform called Spring Protocol that supports data exchange and identity verification in the credit industry. The company was founded by its Executive Chairman Adam Jiwan, Chief Executive Officer John Sun, and Anna Fridman. In May 2025, Spring Labs raised USD 5 million in venture funding co-led by BankTech Ventures and Haymaker Ventures. The company will use the funding to expand its compliance platform, develop new workflow tools, and support broader use across financial institutions.

The company's spring protocol is a secure data exchange framework that serves as the underlying blockchain upon which data exchange applications are built. The platform is designed to allow network participants, such as financial institutions, to share information about data, such as credit and identity data, without sharing the underlying data itself. The network is used by institutions to directly share information among themselves to verify identities and reduce fraud while protecting consumer data. The spring protocol provides secure sharing of sensitive data through advanced cryptography and blockchain technology. Spring Labs’ cryptography allows strict control of information visibility, and its blockchain provides a time-stamped, immutable record and audit trail. 

Spring Labs plans to expand its existing networks to new organizations and develop new networks based on customer needs and interests.

## Funding rounds

- Series B, Apr 19, 2021, $15M — August Capital, TransUnion LLC, GreatPoint Ventures
- Series A, May 28, 2019, $23M — RRE Ventures, Pritzker Group Venture Capital, August Capital, General Motors Ventures, GreatPoint Ventures, Multicoin Capital, Galaxy Asset Management, CardWorks, Inc.
- Seed, Mar 8, 2018, $11M — Pritzker Group Venture Capital, August Capital, Victory Park Capital, GreatPoint Ventures, Jump Capital, Multicoin Capital, Wavemaker Genesis

## Investors

- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Seed, Series A
- August Capital (https://capitalatlas.ai/funds/august-capital) — Seed, Series A, Series B
- Victory Park Capital (https://capitalatlas.ai/funds/victory-park-capital) — Seed
- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Seed, Series A, Series B
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Seed
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed, Series A
- Wavemaker Genesis (https://capitalatlas.ai/funds/wavemaker-genesis) — Seed
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A
- General Motors Ventures (https://capitalatlas.ai/funds/general-motors-ventures) — Series A
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series A
- CardWorks, Inc. — Series A
- TransUnion LLC — Series B