Est. 2025
Black Spruce Capital

Patient capital. Long horizons. Investing across markets, technology, and the natural world.

Misty black spruce forest at dawn
Picea mariana
Focus

Where we invest.

Markets
Public MarketsPrivate EquityVenture CapitalReal EstateInfrastructure
Business Types
Private BusinessesOperating CompaniesService BusinessesTechnology-Enabled ServicesInfrastructure
Technology
SoftwareVertical SaaSData PlatformsWorkflow AutomationAI-Native SystemsAI-Enabled Technology
Resources
Natural ResourcesMiningEnergyMaterials
Impact Areas
GovTechHuman Services Technology