Early-stage venture capital firm SpringTime Ventures is adding a new principal in Atlanta to tap into the city’s talent pool.
SpringTime, which is based in Colorado, invests in companies around the country that are focused on health, financial and supply chain technology. Allyson Plosko, who has been investing in healthcare tech in Atlanta for the past four years, will be the firm's local team member.
The Atlanta startup ecosystem has a growing reputation in the fields SpringTime targets, which build on the city’s legacy industries. Atlanta has leading healthcare facilities, including Emory Healthcare and Grady Health System, global payment processors’ headquarters and ample logistics infrastructure.
SpringTime’s push to have an Atlanta presence reflects the city’s national reputation for innovation. Atlanta’s positioning as the gateway to the Southeast also makes the city a landing pad for people who want to tap into the region’s startups.
“If we’re going to see the best opportunities in Atlanta and the region, we need somebody there full-time, boots on the ground,” Managing Partner Matt Blomstedt said.
SpringTime, founded in 2017, has investments in 38 companies. It’s targeting $25 million for its second fund, growing from its initial $8 million fund. Check sizes to startups average about $500,000, Blomstedt said.
SpringTime Ventures has four partners in Denver; Boulder, Colorado; and Austin, Texas. SpringTime has no investments in Atlanta companies right now and a handful in surrounding Southeast cities.
Correction: A previous version of this article misstated Allyson Plosko's title as partner instead of principal. This error has since been fixed.
