About Spring Lane Capital
Spring Lane Capital, established in 2017, is a social impact fund primarily based in Boston, United States. It primarily finances Series A rounds for companies based in United States. Its portfolio includes 8 firms, spanning the Environment Tech, Energy Tech sectors.
As of Apr 2026, Spring Lane Capital has witnessed 1 portfolio exit. Its most notable investments include companies like Cambrian Innovation, EVCS and SOLUNA.
Its latest investment was a $115M Series C round in Zanskar on Jan 21, 2026, which also saw participation from Obvious Ventures and Union Square Ventures.
Key Metrics
Founded Year
2017
Location
Boston, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Series B, Series A & 2 more
Locations of Investment
Spring Lane Capital's List of Top Investments
Spring Lane Capital has a portfolio of 8 companies. Their most notable investments are in Cambrian Innovation and Andion Global.Their portfolio spans across United States and Canada. They have invested in Environment Tech, Energy Tech, High Tech and 6 other sectors, across stages such as Series B, Series A and 2 more. Here is the list of top investments by Spring Lane Capital:Bio-electro-chemical wastewater treatment systems developer. The company product suite uses bioelectrochemical systems in which electrically-active microbes oxidize in contact with electrodes & reduce organic fuels and contaminants in the water. The process generates 30-200 kilowatt power and can treat wastewater flows between 10,000 to 300,000 gallons per day. Provides bioelectrochemical nitrate sensor for surface water monitoring denitrification system electricity, hydrogen & methane generation solution for spacecraft. Also offers a financing service called as Water-Energy Purchase Agreement in which the company will construct, install, own, and operate the treatment system and the user needs to pay on a per-gallon basis.
Key facts about Cambrian Innovation
- Founded Year: 2006
- Location: Boston (United States)
- Stage: Series C
- Total Funding till date: $237M
- Employee Count: 23 as on Dec 31, 2022
- Investors: ING, Elemental and 9 Others
- Latest Funding Round: Conventional Debt, Jun 04, 2025, $*****
- Highlight: Editors' Pick

2. EVCS
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Key facts about EVCS
- Founded Year: 2018
- Location: Arcadia (United States)
- Stage: Series A
- Total Funding till date: $28M
- Employee Count: 20 as on Jul 01, 2024
- Investors: Macquarie, Spring Lane Capital and 3 Others
- Latest Funding Round: Series A, Dec 06, 2023, $*****
- Highlight: Editors' Pick

3. SOLUNA
Key facts about SOLUNA
- Founded Year: 2018
- Location: New York City (United States)
- Annual Revenue: $38M as on Dec 31, 2024
- Stage: Acquired
- Total Funding till date: $37.8M
- Employee Count: 39 as on Jul 01, 2024
- Investors: Brookstone Partners and Spring Lane Capital
- Latest Funding Round: Series B, Dec 20, 2022, $*****
- Highlight: Acquired
4. 7Gen
Provider of end-to-end fleet electrification solutions. The company develops charging infrastructure and vehicle leasing projects that enable commercial fleet managers to convert to electric vehicles. It also works with fleet operations to implement EV deployments by bridging the gaps between investors, owners, operators, charger manufacturers, and policy makers.
Key facts about 7Gen
- Founded Year: 2020
- Location: Vancouver (Canada)
- Stage: Series A
- Total Funding till date: $28M
- Employee Count: 17 as on Dec 31, 2024
- Investors: Spring Lane Capital, Fonds de solidarite FTQ and 2 Others
- Latest Funding Round: Conventional Debt, Apr 22, 2025, $*****
- Highlight: Editors' Pick
Key facts about Spring Free EV
- Founded Year: 2021
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $42.8M
- Employee Count: 10 as on Jul 01, 2024
- Investors: Brainstorm Ventures, Gaingels and 10 Others
- Latest Funding Round: Series A, Sep 19, 2025, $*****
Spring Lane Capital's Year-on-Year Investment Trends
Spring Lane Capital has invested in 8 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Zanskar and most recent follow-on round was in Spring Free EV.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 3 | 1 | 4 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
Spring Lane Capital's Investments by Stage
Spring Lane Capital has made 4 investments in Series B stage with an average round size of $25.3M, 2 investments in Series A stage with an average round size of $25.5M, 1 investment in Conventional Debt stage with an average round size of $50M and 1 investment in Series C stage with an average round size of $115M.Stage of entry | No. of Investments |
|---|---|
Series B | 4 |
Series A | 2 |
Conventional Debt | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Spring Lane Capital's Investments by Sector
Spring Lane Capital has a diverse portfolio, with companies operating in the Environment Tech, Sustainability Tech, Energy Tech, Auto Tech and Energy. Notably, it has invested in 6 Enterprise (B2B) companies, 5 Tech companies, 3 Consumer (B2C) companies and 3 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Environment Tech | 5 |
Sustainability Tech | 5 |
Energy Tech | 3 |
Auto Tech | 2 |
Energy | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
Spring Lane Capital's Investments by Geography
Spring Lane Capital has made most investments in United States (6), followed by Canada where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 6 |
Canada | 2 |
Note: We have considered here, only first round of investments
Spring Lane Capital's recent investments
Spring Lane Capital has made 1 investments in 2026 so far - Zanskar.Here are the most recent investments by Spring Lane Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 21, 2026 | United States | Series C | 2540 | [+2] | |
Sep 19, 2025 | United States | Series A | 1207 | - | |
Mar 28, 2024 | United States | Series B | 1288 | ||
Mar 23, 2023 | United States | Series A | 7285 | [+7] | |
Jul 06, 2022 | United States | Series A | 3589 | [+1] |
Acquired companies in Spring Lane Capital's Portfolio
1 company from Spring Lane Capital's portfolio has been acquired. The most recent acquisition were SOLUNA in Aug 2021 by EcoChain.Here are Spring Lane Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 12, 2021 | May 12, 2022 | Series B | 4246 |
Team profile of Spring Lane Capital
Spring Lane Capital has a team of 6 members located in Canada. Spring Lane Capital's team does not sit on the board of any company as of now.Co-investors of Spring Lane Capital
Over the past 7 years, 47 investors have co-invested in Spring Lane Capital's portfolio companies. This includes funds and angels.
- Invested before Spring Lane Capital: National Science Foundation, United States Department of Agriculture and 23 others have invested in rounds before Spring Lane Capital. There are 2 companies where National Science Foundation has invested before Spring Lane Capital and 1 company where United States Department of Agriculture has invested before Spring Lane Capital.
- Top Co-investors of Spring Lane Capital: 16 investors entered a company along with Spring Lane Capital. These include investors like Abdo Partners (1 company).
- Invested after Spring Lane Capital: A total of 6 investors have invested in Spring Lane Capital's portfolio after their investments. Top Investors include ING (1 company) and Pennybacker Capital (1 company).
Recent News related to Spring Lane Capital
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Zanskar Closes $40M in Novel Development Capital FinancingAgrigateglobal•Apr 16, 2026•Zanskar, Just Climate, Spring Lane Capital, Tierra Adentro Growth Capital
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Soluna Holdings acquired 85% stake in Dorothy 1A from Spring Lane Management for $20 million.Stock Screener•Apr 16, 2026•SOLUNA, Spring Lane Capital
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Geothermal explorer Zanskar raises USD 115m in Series C roundRenewables Now•Jan 22, 2026•Zanskar, Spring Lane Capital, Gvpclimate, Susquehanna International Group and 14 others
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Soluna Closes $20M Funding from Spring Lane Capital for Project Kati 1 ConstructionThe Joplin Globe•Jul 22, 2025•SOLUNA, Spring Lane Capital
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Soluna Secures $20M Funding from Spring Lane Capital to Commence Project Kati 1 ConstructionFinancial Post•Jul 22, 2025•Spring Lane Capital, SOLUNA
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Soluna Closes $30M Funding from Spring Lane Capital for Project Dorothy 2intelligence360•Jul 24, 2024•Spring Lane Capital, SOLUNA
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Soluna Cloud Expands Funding for AI Business to $13.75 MillionBusiness Wire•Jul 17, 2024•SOLUNA, BitOoda, Imperial Capital, Spring Lane Capital
