Spring Sas

About Spring Sas

Spring SAS is a Paris-based early-stage VC firm specialising in retail-technology and commerce innovation, with €50 million of assets under management. Founded in 2015 (firm origin) with first fund launched 2020 by Laurent, the platform deploys across French and European retail technology startups aligned with the digital transformation of commerce themes.

Investment thesis

Spring SAS targets European retail technology and commerce innovation startups at seed and Series A stages, with sector focus on e-commerce platforms, retail technology (point-of-sale, supply chain), consumer brands with digital-first models and selective FoodTech and consumer technology verticals. Equity ticket sizes typically range from €500 thousand seed positions through to €3 million Series A commitments.

Recent activity

Recent realised exits include DataHawk (TMT, 2025) and Cabaia (consumer, 2023), reflecting active distribution across the retail technology portfolio. The platform tracks a single dedicated fund vehicle, 7 active portfolio companies and 2 realised exits across the multi-vintage retail technology VC programme.

Frequently asked questions

What investment strategy does Spring Sas focus on?

Spring Sas focuses on VC strategies in the private equity space.

How many portfolio companies does Spring Sas have?

Spring Sas has 10 active portfolio companies and 2 completed exits and 1 fund tracked on GP Intel.

Where is Spring Sas headquartered?

Spring Sas is headquartered in Paris, France.

When was Spring Sas founded?

Spring Sas was founded in 2020.

What sectors does Spring Sas invest in?

Spring Sas invests across Consumer, Software, Business Services, Healthcare, Industrials.

What are Spring Sas's recent exits?

Recent realized exits by Spring Sas include: DataHawk (2025) to Worldeye; Cabaia (2023) to Quilvest Capital Partners.