Gemspring Invests in Residence, a Premier Network of Creative Companies

Whats Happening:

Gemspring Capital Management, LLC has made a strategic investment in Residence, a global network of creative companies. The investment, made through Gemspring Growth Solutions I fund, aims to support Residence's mission of empowering creative potential at scale. Residence offers expertise in branding, design, technology, strategy, and content, working with Fortune 100 companies across technology and consumer sectors.

Key Moves:

• Gemspring Capital invests in Residence, a global network of creative companies

• Investment made through Gemspring Growth Solutions I fund

• Residence to leverage investment for strategic acquisitions and AI-driven creative capabilities

By The Numbers:

• Gemspring Capital has $3.8 billion of capital under management

• Residence has more than 580 employees

• Residence maintains offices in 7 cities globally

Key Quotes:

• "At Residence, we believe the future belongs to those who can think, work, and create differently," said Ryan Honey, CEO and Co-Founder of Residence

• "Our vision for Residence has always been about expanding what's possible without losing sight of why we create in the first place," said Orion Tait, Chief Creative Officer and Co-Founder of Residence

• "We are excited to support Ryan, Orion, and the talented Residence team as they leverage their unique market position," said Zubin Malkani, Managing Director at Gemspring

Bottom Line:

Gemspring Capital's investment in Residence signifies a strategic move to capitalize on the growing demand for creative services in the technology and consumer sectors. This partnership aims to accelerate Residence's growth through strategic acquisitions, expansion of AI-driven creative capabilities, and market expansion, potentially reshaping the landscape of creative services in the industry.

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