Tech

NY Tech Investor David Tisch Just Raised $7.5 Million For A New E-Commerce Startup That Turns 'Instagram Into A Mall'

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octavian jello labs Spring
The Spring team working on the product from its office in Union Square.  Foursquare

David Tisch, former managing director of TechStars NY and startup investor, just raised a $7.5 million Series A round for his new new mobile e-commerce company, Spring.

The round was led by Thrive Capital, Groupe Arnault and Box Group. Other investors include Founder Collective, Google Ventures, SV Angel, and Lerer Hippeau Ventures.

Spring, which is launching later this summer, aims to make the best experience for buying things on your phone or tablet.

"We believe buying things should be simple," a listing for Spring on AngelList says. "We are on a mission to build a platform that connects the people who make products directly with consumers who love them."

Tisch co-founded Spring with his brother Alan Tisch, Ara Katz, and former Googler Octavian Costache. Tisch has already recruited some talent: The former social media editor at Bergdorf Goodman, Cannon Tekstar Hodge, joined in late March after 10 years at the designer brand. The former fashion director of ShopBop, Kate Ciepluch, also joined Spring.

Other team members formerly worked at Fab, Beachmint, Google, Foursquare, Ralph Lauren, and DVF.

Tisch has kept his new company largely under wraps. But a reporter at Fashionista says it's been dubbed "Instagram as a mall." 

Judging by the company's Instagram account, it looks like the focus will be on beautifully incorporating for-sale products into photos that are likely to spread on social media. 

Here are some of the photos from Spring's Instagram account that hint at what Tisch and his colleagues are up to:

spring
By the looks of it, Spring will work with top-notch merchants and designers to sell their goods. @Narsissist is the account for NARS Cosmetics.   ShopSpring/Instagram
spring
Fleur du Mal is a luxury lingerie company.  ShopSpring/Instagram


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Megan Rose Dickey formerly covered tech startups focused on the shared economy and music industry. Dickey previously wrote for LAUNCH Media, where she covered the startup industry and organized tech conferences.She graduated from the University of Southern California in 2011 with a degree in Broadcast and Digital Journalism.
Alyson is the Editor-in-Chief and CCO at Fortune.  She was previously a co Editor-in-Chief overseeing Business Insider's tech and business coverage.She joined Business Insider in July 2008 as the company's sixth employee. She started as a sales planner before joining the editorial team in 2010, where she became a startup reporter and was first to cover some of today's largest tech companies, including Pinterest, Tinder, Instagram, Uber and Snap. Alyson rose to become a senior correspondent, then Executive Editor.She was appointed Editor-in-Chief of Business Insider in 2016, at which point she became the youngest and only woman to run a global business publication. Under her leadership, the business division has grown to hundreds of  millions of monthly readers.Alyson was a host of  Insider's conferences and launched a podcast, "Success! How I Did It," where she interviewed influencers ranging from Sheryl Sandberg to Steve Ballmer about their career paths (subscribe on iTunes here).She has appeared on ABC, Good Morning America, Al Jazeera, MSNBC, CNBC, CNN, and CBC, and she has interviewed media personalities such as Megyn Kelly, technology leaders like Fred Wilson, political leaders like John Brennan, and sports star LeBron James. She is a judge for the prestigious Gerald Loeb Awards in business journalism, and has been named one of Min's Rising Stars in Media, as well as Folio's 2017 Top Women in Media.She graduated from Syracuse University's Newhouse School of Public Communications, where she majored in psychology and advertising.You can read some of her investigative articles here:— Leaked videos reveal the true founding story of Snapchat— The founder who dumped Jared Kushner: Inside the phone call that left the White House star in a fit of rage— The downfall of billion-dollar startup, Fab— How a startup that raised the largest seed round in Silicon Valley history blew itself up before it even launched— The dark side of Facebook, where people lie, cheat, and make millions— A profile of Uber's controversial CEO, Travis Kalanick— The mystery of Jody Sherman, a founder who was driven to suicide and left behind a shocking business disasterDisclosure: Alyson owns bitcoin and Snap. She is also an investor in The Spun, a sports-media startup founded by her husband.