UpSpring Raises $2 Million

UpSpring, an Austin, Texas-based maker of parenting products like motion sensors for sleeping infants, has raised $2 million in Series B funding. Individual angels included Walter Foss and Sherman Wyman.

PRESS RELEASE

UpSpring, pioneer of the new peace-of-mind parenting products genre, secured $2 million in series B funding from current and new venture capital investors. Walter Foss and Sherman Wyman led the round in a pool of high-net-worth individuals. Prior to series B, UpSpring had received $600,000 in equity financing.

UpSpring, founded by Julie Jumonville, Lisa Williamson and Dede Woodman, all mothers from various high level business backgrounds, was born to answer unmet needs in the baby and toddler care industry. These women are genuine inventors, which has led to very strong distribution for UpSpring products. They are sold internationally in several countries and nationally at prominent retailers such as Babies “R” Us and Target.com. Series B financing will be used to accelerate UpSpring's product development and increase expansion of existing product lines, including Walking Wings