Investment process

Making your first investment takes a few simple steps. Once you’ve completed them, subsequent investments are much faster and easier.

1. Create your account

Sign up with your email and Spring sets up a secure wallet for you, or connect a wallet you already use.

2. Confirm your eligibility

Full identity verification isn't required to browse on Spring — it only applies later, when you want to invest, claim equity-backed tokens or claim proceeds to any liquidity event. This means completing KYC (or KYB, plus identity verification for the majority or beneficial owner, if investing through a business entity) before you commit funds.

If you're investing as a US, UK, EU or Australian resident, verifying your accredited investor status is part of this same check.

3. Choose a project

Explore companies currently raising on Spring, reviewing their product, team, goals, milestones, and raise terms. Once you find an opportunity you want to back, proceed to select your investment amount.

4. Choose your amount

Enter the amount you'd like to commit. In a private round, your commitment is capped at the maximum the raising company has set for you. A minimum investment threshold set by the company may also apply.

5. Review and sign the investment agreement

This is the document that governs your investment: the raise terms, the lock-up period, what your tokens entitle you to, and other disclosures.

6. Your funds move into escrow

Once you sign the investment agreement, your committed funds are transferred to escrow, where they remain held until the raise closes and cannot be withdrawn during that time.

7. The round closes and your allocation is confirmed

When the raise deadline passes, the company confirms allocations for investors. If you were allocated less than you committed, the difference becomes available for you to claim. If a raise doesn't reach its goal, you can claim your funds back from the fundraising pool.

8. Execution

Before your investment becomes effective, the underlying legal structure is put in place. Once a raise closes successfully, Spring incorporates the SPC (Segregated Portfolio Company) and prepares the necessary legal documents for the investment. Your contract is created when the round closes, but stays locked until this process is complete.

9. Tokens vest

Once active, your tokens follow the vesting schedule for the raise: its cliff, duration, and monthly unlock rate. Tokens and vesting positions are subject to a 12-month lock-up period and cannot be transferred during that time. See "After you invest" for more details.

If you're taking part in a private roadshow

Companies running a private round may share confidential material with invited investors, such as financials, or intellectual property details. In some cases, you may be asked to sign a non-disclosure agreement before accessing that material.

This is separate from the investment agreement and covers only the confidential material shared. Public listing information and high-level introductory materials don't require an NDA.