The funds raised remain in on-chain escrow and are released to the company by smart contract, not by Spring, following the monthly allowance agreed before the raise.
Founders provide investors with regular progress and financial updates covering milestones, key metrics, use of funds, challenges, risks, and priorities for the next reporting period. Reporting happens at least monthly.
Need more help?
We’ve aimed to cover everything here, but if your question isn’t answered — or you’ve spotted something that needs correcting — contact us at team@usespring.io
A member of the team will respond.