Who We Are
We are a venture fund whose LPs are the most knowledgeable, respected and best connected service providers in the industry. These are people who work closely with startup companies on a day-to-day basis and include startup company lawyers, mobile app developers, real estate brokers, venture bankers, accountants, CFO consultants, web developers, employee benefits providers, HR consultants, patent lawyers, and executive search specialists, among others. We also have LPs who are serial CFOs, CEOs and company founders. The common thread among our LPs is deep experience growing startup companies and a total alignment behind the success of our portfolio companies.
Our Investment Approach
We co-invest in Series A deals led by institutional venture funds. We make our participation in deals painless. We don’t negotiate terms. We don’t ask for board seats or other special rights. We cover our own legal fees. We are responsive and timely with our signature pages and wires.
Our Value Add
What if you had the ability to leverage the connections and experience of the most knowledgeable, respected and best connected service providers in the industry, including the ones you haven’t actually engaged for services? This is what you get from our fund.
In addition to wiring money, we immediately increase your company’s reach with potential investors, customers and strategic partners through our LP network. If you want a warm introduction to a venture capital fund, a strategic partner, or a potential customer, our LP network can help make that happen. Our LP network also provides your company with access to relevant, deep expertise across numerous areas. If your company wants to reality check the terms on a proposed venture debt deal, our startup lawyer, venture lender and CFO LPs are ready to weigh in. Or if your company wants to reality check its customer acquisition strategy, one of our CEO LPs with relevant experience is ready to talk. With no strings attached. In short, at closing, our LP network aligns itself around the success of your company and becomes one of your most powerful resources.
Brian Axelrad - Brian is a lawyer and partner at Horwood Marcus & Berk in Chicago where he co-leads HMB's venture capital and technology practice. He is also actively involved in the field of impact investing as Chief Investment Officer of Beyond Capital Fund and was recently appointed as an Impact Investor in Residence at the University of Chicago Booth School of Business.
Ned Hill - Ned has over 25 years of experience with technology companies. He currently serves as Managing Director - Technology Banking for Square 1. He was previously a partner with early-stage VC firms Mercury Fund and Sternhill Partners, in operations management with BellSouth, a consultant with McKinsey & Co., and started his career at Broadband Technologies, a start-up that IPO’d in 1993.
Galen Mason - Galen is a lawyer based in Foley & Lardner LLP's Chicago office. He represents emerging companies, and private equity and venture capitalists involved in a broad range of industries. Galen co-founded Catapult Chicago, a leading Midwest co-working space.
Noah Pittard - Noah is a startup company and venture capital lawyer with Cooley LLP. Noah has a national legal practice, representing high profile startup companies and venture funds on both coasts as well as in the Boulder/Denver, CO and Austin, TX ecosystems. Since starting with Cooley in San Francisco in 2000, Noah has represented VCs and companies in hundreds of venture capital deals.
Jody Shepherd - Jody's experience spans all facets of early stage companies including investments, venture lending and operations. He currently serves as Managing Director - Venture Banking for Square 1. He previously worked as President of an early stage consumer products company and was a member of the investment team at Tango, a private investment company based in Boulder, Colorado.
Doug Spear - Doug Spear leads the Emerging Growth and Venture Capital practice of Nelson Mullins, and has represented startups and venture funds throughout the Southeast for nearly 20 years. Doug is also an Adjunct Professor at Emory University School of Law, where he teaches the Venture Capital Law course.
Jack Vihstadt - Jack is a law student at the University of Colorado Boulder. After taking Colorado Law's Venture Capital course, Jack joined SPC to make sure all the little things get done. He is interested in venture capital, telecommunications, and startups.
We Couldn't Have Said It Better Ourselves
"Service Provider Capital has been great to work with. The connections they have made have been invaluable."Pam Glick, CEO of SyncHR
"Service Provider Capital has an amazing network of service provider LPs who are incredibly well positioned to help us sell our products and services to high growth startup companies. Inviting them into the deal was a no-brainer and we look forward to growing the relationship."Henry Ward, Founder and CEO of eShares
"The guys at Service Provider Capital not only helped identify investors, they also introduced us to strategic relationships and an industry expert that has since joined our board. They are definitely value add investors."Ken Davis, CEO of TaskEasy
"Jody and Noah made their investment process simple, they told us their parameters up front and when the round came together they were quick to sign and wire. And post investment, they have made a number of introductions that have proved useful."Ryan Sullivan, CEO and co-founder of Parkifi
"I’ve worked with Noah for years now and he has been a huge asset for GoSpotCheck. Noah completely gets how to make a service relationship “strategic” and I’m sure that Service Provider Capital will be a huge value add to its portfolio companies."Matt Talbot, Co-Founder and CEO of GoSpotCheck
"SPC was incredibly fast and easy to work with on the investment and has made introductions to key service providers in areas we're focused on as our business scales."Adam M. Ginsburgh, Managing Director of Cumulus Funding, Inc.
"SPC has been an incredible value add on our investment team and one of our most valuable relationships. They have helped us source two amazing members of our leadership team and their network of service providers helped us creatively think through and overcome a go to market obstacle. Their investment has generated an outsized return for our Company."Marcus Mollmann, Founder and CEO, Closetbox, Inc.
"I tell everyone that SP Cap punches well above their weight in terms of adding value for their portfolio!"Jeff Carr, CEO, SlamData
Service Provider Capital is not affiliated with, sponsored by or in any way endorsed by Foley & Lardner LLP, Horwood Marcus & Berk Chartered, Cooley LLP, Nelson Mullins Riley & Scarborough LLP, or Square 1 Bank - a Division of Pacific Western Bank.
"Service Provider Capital" and the crossed hammer logo are registered trademarks of Service Provider Capital, LLC.
© 2014 - 2017 Service Provider Capital, LLC. All rights reserved.