Springshot

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Springshot - overview

Location

San Francisco, CA-California, US

Primary Industry

Software

About

Springshot is a technology company focused on providing a platform that enhances the operational coordination and efficiency of mobile teams across various industries. Springshot is a technology company that specializes in solutions for mobile team coordination. Founded by Doug Kreuzkamp, the company is headquartered in San Francisco, US. It has raised a total of USD 1.


6 mn through a Series A funding round on June 6, 2013, indicating its focus on expanding its market presence. Springshot offers a comprehensive platform designed to enhance the coordination and efficiency of mobile teams across various industries, including aviation, hospitality, healthcare, and food service. At the core of the product suite is Springshot Forms, a bi-directional application that enables real-time data tracking, collaboration, and actionable insights, effectively transforming raw data into organized work plans. The platform facilitates communication and task completion through its user-friendly interface, allowing teams to document anomalies, manage schedules, and respond to impromptu requests efficiently.


Springshot's integration capabilities with existing systems further enhance its functionality, making it a versatile choice for organizations aiming to optimize their operational workflows. The solutions are deployed in multiple geographical markets, with notable penetration in North America, Europe, and Asia, serving clients ranging from restaurant chains to airport operations management. Springshot generates revenue primarily through a subscription-based model, allowing clients to access its suite of services on a flexible pricing structure that scales with their needs. Businesses engage with Springshot through partnerships and direct sales, catering to both B2B environments and large enterprise clients.


Customers benefit from a range of features, including compliance audits, priority bulletins, real-time alerts, and inventory management tools, which are typically bundled in tailored packages to address specific operational challenges. Clients may subscribe to different tiers that provide access to various functionalities, ensuring they receive the tools necessary to enhance their operational efficiency. The pricing plans are structured to accommodate the diverse requirements of clients, particularly those in sectors like food service and aviation, where compliance and timely task management are critical. In the coming months, Springshot plans to introduce new features aimed at further enhancing team communication and data management capabilities, although specific release dates have yet to be disclosed.


The company is also targeting expansion into key markets in Asia and Europe by the end of 2014. The recent funding of USD 1. 6 mn from the Series A round will support these initiatives, particularly in product development and market entry strategies.


Primary Industry

Software

Sub Industries

HR & Workforce Software

Website

www.springshot.com

Verticals

EdTech, Mobile Apps

Company Stage

Series A

Total Amount Raised

Subscriber access only

Springshot - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Series ACompletedSpringshot-

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Springshot - employee data

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