Spring Labs Pitch Deck (2017): 10-Slide Series B Deck

See all 10 slides of the Spring Labs pitch deck — a 2017 Series B deck — with a slide-by-slide teardown of what the deck does well and where it falls short.

Spring Labs operates at the intersection of cryptography and data networking, providing a protocol that allows institutions to verify information without actually exchanging the raw data. Their 10-slide deck is a highly professional, enterprise-focused presentation that prioritizes institutional credibility and technical architecture over typical startup growth metrics. By leveraging a 'give-to-get' model and blockchain technology, they address the $85bn+ market for financial data sharing. The deck is notable for its heavy emphasis on a high-profile advisory board and its clear articulation o…

Key takeaways

Introduction: The Infrastructure of Trust

Spring Labs represents a sophisticated breed of fintech startup that doesn't just build an application, but rather an underlying protocol for the entire financial ecosystem. This 10-slide deck, dated May 2021, was used during their journey to secure a Series B round. According to catalogue facts, the company has raised a total of $68,800,000. The deck is a masterclass in positioning a complex, technical product for institutional adoption.

Slides 1-3: Vision and Mission

Slide 1: Title Slide The deck opens with a clean, dark-themed aesthetic. The tagline "The Future of Secure Data Exchange" immediately sets the stage. The imagery of interconnected nodes representing credit cards, buildings, and shields reinforces the concept of a secure, multi-industry network.

Slide 2: Disclosure Statement Standard for a Series B company, this slide contains heavy legal text regarding forward-looking statements. It identifies the legal entity as Springcoin, Inc. dba Spring Labs and explicitly mentions the risks associated with blockchain technology and token issuance.

Slide 3: Our Mission The mission is stated simply: "Transforming the Exchange of Sensitive Information." The graphic shows a central node (Spring) connecting various sectors: banking, healthcare, automotive, and mobile. This suggests that while their initial focus might be finance, the protocol is designed to be industry-agnostic.

Slides 4-6: The Problem and the Solution

Slide 4: Financial Data Sharing Models are Ripe for Transformation This is the core 'Problem' slide. It breaks down the current landscape into two flawed models:

Give-to-Get Models: Valued at over $85bn, these are criticized for limited data sharing, siloed data, and high infosecurity risk due to centralization. · Screen Scrapers & Aggregators: Valued at $13.4bn (citing examples like Chime and Varo), these are noted for high infosecurity risk and low consumer trust because users often don't know what data is being shared.

The use of black boxes to redact specific competitor names or sensitive figures suggests this version of the deck was prepared for public or semi-public viewing.

Slide 5: The Data Paradox The deck argues that "lots of valuable data are not even shared." It lists three primary barriers: Competitive Sensitivities (fear of losing advantage), Privacy & Data Control Concerns (fear of data loss), and Lack of Incentives. The slide concludes that currently, the risks of sharing outweigh the benefits, leading to valuable data being trapped in silos.

Slide 6: Our Vision: A Marketplace for Better Data Sharing This is the 'Solution' slide. Spring Labs proposes a protocol that allows for direct, secure information exchange without an active middleman. The key differentiator is the ability to "share information without sharing underlying data." The graphic displays a network of high-profile logos including JPMorgan, Wells Fargo, State Farm, GEICO, and Netflix, implying a broad potential reach across finance, insurance, and media.

Slides 7-8: The Team and the Technology

Slide 7: Proven Business Builders, Backed by Industry Leaders This is arguably the strongest slide in the deck. It separates the leadership from the advisors. The founders (Jiwan, Sun, and Fridman) highlight their experience building Avant and Amount. Below them, it notes $38.75M in total equity funding raised to date. The 'Active Advisors' section is a 'who's who' of regulatory and financial power, featuring former heads of the FDIC, SEC, and OCC, alongside former top executives from Goldman Sachs, Capital One, and Oracle. For a company dealing with sensitive financial data, this level of institutional backing is a critical trust signal.

Slide 8: Spring Protocol and Use Cases This slide bridges the gap between the high-level vision and the actual product. It defines the technology as a "modular data security and sharing layer." Four key technical pillars are listed: Trustless & Deterministic, Data Agnostic, Graph Analysis Enabled, and Flexible Entity Resolution. Below, it introduces four specific products: PACE Network, MainNet, Crypto Middleware, and Spring Index.

Slides 9-10: Product Deep Dive and Roadmap

Slide 9: The Spring Protocol (Process Flow) This slide explains the 'how.' It shows an illustrative process flow for "Spring Income." A bank on the left sends an Entity ID and Income data into a secure Spring node. A bank on the right does the same. The Spring Protocol matches the encrypted strings and returns a simple "Result: Income Verified." This visualizes the concept of verifying data without revealing the underlying PII.

Slide 10: Initial Use Cases The final slide provides a status update on their product suite:

PACE Network: Live. Focuses on detecting loan stacking with 100% industry coverage. · MainNet: Live. Focuses on fraud and income data sharing. · Crypto Middleware: In Development (Coming Q3 2021). Focuses on bridging off-chain identity to on-chain ecosystems for KYC/AML. · Spring Index: Early Development (Coming Q4 2021). Focuses on sharing sensitive threat data.

The presence of redacted black boxes under the 'Differentiation' sections for the live products suggests specific client names or proprietary metrics were removed for this version of the deck.

What Works in the Spring Labs Deck

1. Institutional Gravity: The advisory board slide is exceptional. In the world of enterprise fintech, regulatory compliance and 'old guard' approval are often more important than the code itself. Showing that the former Chair of the FDIC and the former President of Goldman Sachs are active advisors immediately de-risks the investment for a Series B VC.

2. Clear Problem Articulation: Slide 4 and 5 do an excellent job of explaining why the current system is broken. By quantifying the market ($85bn and $13.4bn), they show the scale of the opportunity without needing a traditional TAM/SAM/SOM slide.

3. Technical Simplification: Explaining zero-knowledge proofs or secure multi-party computation to non-technical investors is difficult. Slide 9 uses a simple 'match/no-match' visual to explain the value of the protocol without getting bogged down in the math of cryptography.

What is Missing from the Spring Labs Deck

1. Financial Performance: There are no revenue figures, growth rates, or burn metrics. While this is common in 'redacted' decks, a Series B investor would typically expect to see the 'Live' products (PACE and MainNet) backed by actual usage data or ARR.

2. The 'Ask': The deck ends abruptly on a roadmap slide. There is no slide detailing how much capital is being raised, the intended use of funds, or the milestones that the new capital will unlock.

3. Competitive Landscape: While they mention 'Aggregators' as a category, they don't explicitly map out how they compare to other blockchain-based identity or data projects. In a crowded 'Web3' or 'DeFi' landscape, this distinction is important.

What a Founder Should Copy

1. The 'Advisory Board' Layout: If you have high-profile advisors, don't just list their names. Use the layout on Slide 7—include their photos and, more importantly, their former titles in a clear, bold font. It creates an immediate sense of 'industry inevitability.'

2. The 'Paradox' Narrative: Spring Labs frames their solution as the only way to solve a fundamental conflict (sharing data vs. keeping it secret). Founders should look for the 'unsolvable' paradox in their own industry and position their product as the unique bridge.

3. Use Case Specificity: Instead of just saying "our protocol is for everyone," Slide 10 lists four very specific, high-value problems they are solving. This makes a broad horizontal technology feel like a series of focused, vertical wins.

Frequently asked questions

What is the primary problem Spring Labs is solving?
Spring Labs addresses the 'data silo' problem in highly regulated industries. Currently, institutions are hesitant to share data due to competitive sensitivities and privacy risks. This leads to inefficient fraud detection and identity verification. Spring Labs uses a blockchain-based protocol to allow these institutions to verify data points (like income or fraud flags) against each other's records without ever actually seeing or holding the other party's raw sensitive data.
How does the Spring Protocol actually work?
As shown on Slide 9, the protocol acts as a cryptographic intermediary. When a bank needs to verify an 'Entity ID' or 'Income,' the data is passed through the Spring Protocol which matches it against other participants' data. The result is a simple 'Verified' or 'Not Verified' signal. This ensures that the underlying PII (Personally Identifiable Information) remains with the original owner while the network benefits from the collective insight.
Who are the key people behind Spring Labs?
The leadership includes Adam Jiwan (Executive Chairman), John Sun (CEO), and Anna Fridman (Co-founder). They have a track record of building fintech giants like Avant and Amount. More impressively, their advisory board includes Nigel Morris (Capital One Co-founder), Gary Cohn (former Goldman Sachs President), and Sheila Bair (former FDIC Chair), providing the regulatory and institutional 'gravity' required for this type of infrastructure.
What are the specific products mentioned in the deck?
The deck highlights four main products: the PACE Network (live, for detecting loan stacking), MainNet (live, for fraud and income sharing), Crypto Middleware (in development, for KYC/AML in digital assets), and the Spring Index (in development, for sharing threat data). These products demonstrate the protocol's versatility across traditional finance and the emerging crypto sector.
Is there a financial 'ask' or valuation in this deck?
No. This deck follows a common pattern for late-stage or high-profile raises where the specific terms of the round are omitted from the general presentation. It mentions that they have raised $38.75M to date (Slide 7), but it does not specify how much they are seeking in the current round or what the target valuation is. This information is typically reserved for one-on-one data room discussions.
Cover slide of the Spring Labs pitch deck — Series-B 2017
Spring Labs pitch deck, slide 1 (2017)

Spring Labs pitch deck: the facts

Company
Spring Labs
Year
2017
Stage
Series-B
Slides
10

Spring Labs pitch deck PDF

The full Spring Labs deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the Spring Labs pitch deck was used for

This deck is a **Spring Labs** Series B pitch from around 2020–2021, used to raise an additional round after earlier seed and Series A funding. The company builds the Spring Protocol, a decentralized, privacy-preserving infrastructure for sharing financial, credit, and identity data among institutions. The deck positions Spring Labs as transforming existing financial data-sharing models and highlights initial products such as PACE Network, MainNet Crypto Middleware, and Spring Index. At the time of the deck, Spring Labs states it had raised $38.75M of total equity funding to date (Slide 7), and catalogue data now attributes a total of $68.8M raised across rounds.

Business model: Spring Labs develops the **Spring Protocol**, a blockchain-based/decentralized infrastructure for secure, privacy-preserving exchange of credit and identity-related financial data among institutions, aiming to replace centralized data aggregators like credit bureaus.

Round
Series B
Investors
TransUnion (commonly cited as Series B lead investor), GreatPoint Ventures (listed as investor across rounds, including Series B in some trackers)
Founders
Adam Jiwan, Anna Fridman, John Sun
Headquarters
Marina del Rey, California, USA.

Year: 2021 (Series B round commonly dated to April 2021; the deck itself references funding raised to date and was used in the lead-up to that event).

Raising: Series B capital to scale the Spring Protocol, expand institutional participation, and build out products like PACE Network, MainNet Crypto Middleware, and Spring Index.

Raised: Approximately $30M for the Series B round announced around April 21, 2021, with total funding across rounds reported at about $68.5M–$69M by multiple sources and catalogues associated with this deck citing $68.8M.

Lead investor: TransUnion (as identified by CB Insights, Caplight, and pitch-deck analyses as lead in the 2021 Series B round).

Industry: Fintech / blockchain-based financial data infrastructure and identity & credit information sharing.

Total funding: External trackers report total funding in the ~$66.5M–$79.3M range, with multiple sources noting a $30M Series B in April 2021 and cumulative funding near $68.5M–$69M.

Use of funds as presented: To develop and scale the Spring Protocol infrastructure, onboard financial institutions, and commercialize data-sharing products such as fraud detection, income verification, and crypto middleware solutions.

What happened after the Spring Labs deck

After the time of this deck, Spring Labs continued its fundraising journey and secured a significant Series B round (around $30M, led by TransUnion) in 2021, bringing total funding into the upper-$60M range, and has remained active as a fintech infrastructure company focused on decentralized credit and identity data sharing.

What the Spring Labs deck got right

What could have been stronger

How an investor would read this deck

What draws attention

Risks that stand out

Questions this deck invites

What founders can take from the Spring Labs deck

Spring Labs pitch deck: common questions

What does Spring Labs do?

Spring Labs is a fintech company that builds the **Spring Protocol**, a decentralized, blockchain-based infrastructure for secure, anonymized exchange of credit and identity-related financial data among institutions, aiming to provide more secure, accurate, and privacy-preserving alternatives to traditional credit bureaus and data aggregators.

How much funding has Spring Labs raised and what round is this deck for?

Public funding trackers and analyses report that Spring Labs has raised around **$68.5M–$69M** in total across several rounds, including a **$30M Series B** announced around April 2021, while Owler and Caplight list total funding somewhat higher, in the **$72.75M–$79.3M** range. The teardown catalogue listing associated with this deck cites **$68.8M** total.

What funding status does the Spring Labs pitch deck itself claim at the time it was used?

The deck focuses on Spring Labs’ **Series B** raise and notes that at the time of the deck the company had already raised **$38.75M in total equity funding** (Slide 7). Later external sources show that the Series B itself was for about **$30M**, led by TransUnion, bringing total funding into the upper-$60M range.

Who founded Spring Labs and what is their background?

Spring Labs’ co-founders are **Adam Jiwan** (Executive Chairman & CEO), **Anna Fridman**, and **John Sun**, all described as "proven business builders" with prior experience at firms like Avant and in digital finance and asset management (Slide 7). External sources confirm the same founding team and roles.

What products and use cases does the Spring Labs pitch deck highlight?

The deck highlights three initial product use cases built on the Spring Protocol: **PACE Network** (fraud and income data sharing, including loan stacking detection), **MainNet Crypto Middleware** (bridging off-chain financial services data to the digital asset world), and **Spring Index** (alternative data-driven credit and identity insights; Slide 8 & 10). These are positioned as modular data-sharing tools leveraging trustless, anonymized graph analysis and entity resolution.

Sources

Funding and outcome facts on this page were researched on 2026-08-21 from the pages below.

Spring Labs pitch deck slides

Spring Labs pitch deck slide 1 of 10
Spring Labs pitch deck — slide 1 of 10
Spring Labs pitch deck slide 2 of 10
Spring Labs pitch deck — slide 2 of 10
Spring Labs pitch deck slide 3 of 10
Spring Labs pitch deck — slide 3 of 10
Spring Labs pitch deck slide 4 of 10
Spring Labs pitch deck — slide 4 of 10
Spring Labs pitch deck slide 5 of 10
Spring Labs pitch deck — slide 5 of 10
Spring Labs pitch deck slide 6 of 10
Spring Labs pitch deck — slide 6 of 10

What each slide of the Spring Labs pitch deck says

Slide 1

Spring . N Spring Labs § ¢ The Future of Secure Data Exchange” _ _ . May, 2021

Slide 3

Bi ” ps \ Our Mission pe Transforming the Exchange of Sensitive Information | <> ml TR) 3 (®7 LJ Le

Slide 4

Spring Labs . Financial Data Sharing Models are Ripe for Transformation The way data flows through financial services today needs to be updated to best service and pratect consumers, Today, the . majority of this data is gathered in two main ways: Give-to-Get Models Screen Scrapers & "Aggregators" 8 = s Limited data shared = Highinfosecurity risk Exsepie s Limited consumer control of view 8 b » Consumers don't know what data anwhat is shared abeut them >$85bn ST By TR $13 4bn » Siloed data + Noenerprise data monetization . Centralization, leading to high - Siloed data infosecurity risk

Slide 5

Spring Labs Ps EN And Frankly, Lots of Valuable Data Are Not Even Shared Pa These models exist for good reasons: <> @ Competitive Sensitivities pig Institutions are hesitant to participate and yield ‘competitive advantage 2 Privacy & Data Control Concerns @ a Data sharing is not secure and data loss is rampant. the impact of which can be huge Paid Lack of Incentives to Contribute 4 2 Why share data if there's nothing in it for you? - In these madels, the risks outweigh the benefits involved in the exchange of proprietary industry data. This leads to silos &5 of valuable data owned by enterprises - but that ought to be = securely shared!

Slide 6

CREEL eo Our Vision: A Marketplace for Better Data Sharing Pa We have built the technology that enables institutions to finally == < access valuable, siloed data - a protocol allowing a direct and oO = secure information exchange. A iad Rog Realincentives toshare, enabling access to #4 & caico previously unavailable data UCLA TN Statefarm » ed - Bl Gy Fn 0 - £3 No active middie-man, a direct exchange between ma! participants N > i = Greater security and data ownership controls: share Spectrum. 4 . m information without sharing underlying data Broad participation (financial institutions, insurance, - [am] € ih payroll social media, etc.) brn K = = R=]

Slide 7

Spring Labs Proven Business Builders, Backed by Industry Leaders Leadership & Funding Adam Jiwan Jaho Sun Anaa Fridenan Cor-fomnder Co-tounder Co-founder Exrcuthve Chatrman CeQ With experience buliding: 2% AMOUNT n DIGITAL AVANT FUTURE <+ FINANCE $38.75M Total equity funding rained to-date Active Advisors {incl. former roles) 4 9 & 3 Sheila Bair Nigel Morris Bobby Mehta Gary Cohn Fannle Mae Capital One TramsUrion Goldman Sachs Chair; Co-founderand CEOQ and Board President FDEC Chair President Menber Ray Lane Manaolo Sanchez Raj Date Brian Brooks Ovacle President, BEVA Compuns CFPa OOC Comptralie HP Chalrman Chalrman &CEQ Deputy Director

Slide 8

Spring Labs < Spring Protocol and Use Cases TECHNOLOGY Spring Protocol < Innavative technology layer for modular data security and sharing properties. Partrers feel safer sharing when ownership and anomymity can be guaranteed in code. f R 8 B Trustless & Data Agnostic Graph Analysis Flexible Entity Deterministic Enabled Resolution USE CASES Data Sharing Products Valuable data sharing toods built on top of the Spring Protocol. products keverage the technology's unique properties to deliver immediate value 0 @ & @ PACE Network MainNet Crypto Spring Index Middleware

Slide 10

Spring Labs ' Initial Use Cases With real-time access to previously unavailable infarmation using the Spring Protocal, we built unique products: - PACE Network MainNet Crypto Middleware Spring Index Detecting loan stacking in the PACE Fraud and income data sharing. Verify Identity, AMLAKYC, and Tokenized black/white Ests sharing industry incame stability data Syrtbetic-ldentity Detection between competitive parties Live Live In Development Differentiation Défferentiation Differentiotion Differentiation Loan idormation shared with peers. - Fraud and Income & Bridging off-chain and on<chain i Rich siternative v ooyl 1 L MAaTy M shar on borrowers. financial se s o the digital asset workd - - A…

Slide text above is read directly from the Spring Labs deck PDF embedded on this page.

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