Spring Acquires Future Capital to Create an Inclusive Investment Ecosystem Across Canada


credit: USACE on Flickr

"We are now able to connect more diverse, impact-driven founders and funders and we see an increasing need in the market to do so."

So says Keith Ippel, a co-founder and CEO of Vancouver-based Spring, which on Tuesday announced its acquisition of Future Capital, a platform "built for underrepresented early-stage investors," per the National Post.

Founded in 2014, Spring is "a leader in Canada's early-stage impact investing ecosystem," per the Financial Times.

It's also a global community and accelerator for both founders and investors.

Future Capital was founded by Marlon Thompson, who will report to Caroline von Hirschberg, Spring's Co-CEO.

"This acquisition marks an incredible step forward for bringing wealth creation opportunities to impact investors and new investment into solutions that empower minority groups," von Hirschberg says in a press release.

"We are now able to connect more diverse, impact-driven founders and funders and we see an increasing need in the market to do so."

As the Post notes, investment dollars to black founders dropped more than 50% last year.

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