Springleap Raises $800K Funding From Cross Border Angels, Plans To Foray Into India

Springleap, a creative crowdsourcing startup for media content, has raised $800K from Cross Border Angels (CBA) to expand its reach in India. Spring leap also plans to raise $3 Mn funding by April with the help of CBA.

CBA is an international investment network that invests in cross border ventures to scale business globally. It has planned to aid Springleap to set up its office in Mumbai within next few months. CBA has planned to help Springleap in order to provide curated agency-class creative crowdsourcing for agencies and brands since; no one in India does that till now even after seeking a huge potential.

Prior to this Springleap had raised $400,000 funding and planned to enter Middle Eastern and other African markets. The company has raised around $1.1 Mn since inception. Its financial backers include Crystal Bay Capital, Kevin Gaskell, Clearwater and Colenso Capital.

Springleap was founded in 2012 by CEO Eran Eyal. It is a marketplace for agency-class to help brands, agencies and startups to solve design and derive actionable insights through unique market research offerings. The crowdsourced marketplace has built a global community of over 180,000 members and has touched $100,000 (INR 62 lakh) in monthly revenue.

Springleap was named as the seventh most innovative company globally by Fast Company in Dec 2014.