Spring Mountain Capital

Investor type Private Equity Firm
Founders Launny Steffens

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 37
Average round size
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The average size of a deal this fund participated in
$13M
Portfolio companies 26
Rounds per year 1.85
Lead investments 11
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.30
Exits 9
Key employees 5
Stages of investment
Late Stage Venture

Areas of investment

  • Health Care
  • Biotechnology
  • Medical Device
  • Enterprise Software
  • Information Technology
Summary

Spring Mountain Capital is the famous VC, which was founded in 2001. The company was established in North America in United States. The main office of represented VC is situated in the New York.

We can highlight the next thriving fund investment areas, such as Clinical Trials, Fitness. The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Ziften Technologies, Prevalent Networks, Keen Decision Systems.

The fund was created by Launny Steffens. We also calculated 5 valuable employees in our database.

This Spring Mountain Capital works on 12 percentage points less the average amount of lead investments comparing to the other organizations. The higher amount of exits for fund were in 2019. The high activity for fund was in 2018. The fund is constantly included in 2-6 investment rounds annually. The common things for fund are deals in the range of 10 - 50 millions dollars. Considering the real fund results, this VC is 35 percentage points more often commits exit comparing to other organizations.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Spring Mountain Capital, startups are often financed by Connecticut Innovations, Great Oaks Venture Capital, Female Founders Fund. The meaningful sponsors for the fund in investment in the same round are Connecticut Innovations, StarVest Partners, RRE Ventures. In the next rounds fund is usually obtained by RRE Ventures, National Cancer Institute SBIR Development Center, Ironwood Capital.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Ankyra

Biotechnology
$45M12 Nov 2021 Boston, Massachusetts, United States

RepairSmith

Automotive
Home Services
Information Technology
$42M19 Aug 2021 El Segundo, California, United States

Robotics
Software
$10M04 May 2021 Old Toronto, Ontario, Canada

Aware

Artificial Intelligence
Business Intelligence
Compliance
Cyber Security
Enterprise Software
Risk Management
SaaS
Security
$12M14 Dec 2020 Columbus, Ohio, United States

Koneksa Health

Analytics
Big Data
Health Care
$16M28 Sep 2020 New York, New York, United States

Maven Clinic

Apps
Family
Health Care
Health Diagnostics
Personal Health
Women's
$45M19 Feb 2020 New York, New York, United States

IsoPlexis

Biotechnology
Health Care
Medical Device
Therapeutics
$20M09 Jan 2020 Connecticut, United States

IsoPlexis

Biotechnology
Health Care
Medical Device
Therapeutics
$25M14 May 2019 Connecticut, United States

Keen Decision Systems

Advertising
Analytics
Marketing
SaaS
Software
$4M09 Apr 2019 Durham, North Carolina, United States
News
RepairSmith Raises $42 Million in Funding; Disrupts the Independent Automotive Repair Market with the Only Full-Service Mobile Solution

– RepairSmith is a disruptive technology startup offering the first and only full-service mobile solution for automotive repair and maintenance.
– RepairSmith has raised a $42m Series B funding round from investors, including TI Capital, Mercedes-Benz, Porsche Ventures, and Spring Mountain Capital.
– The company will use this cash infusion to continue rapid expansion of its service, already available in 650 cities across six states with over 100,000 service appointments completed to date.

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