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Spring Mountain Capital

Founders Launny Steffens

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Investments

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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.

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Total investments 48
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 32
Rounds per year 2.09
Lead investments 13
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.33
Exits 9
Key employees 5
Stages of investment
Late Stage Venture

Areas of investment

  • Health Care
  • Biotechnology
  • Medical Device
  • Enterprise Software
  • Medical
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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Typical Co-investors
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Thentia

Robotics
Software
$38M25 Jan 2024 Old Toronto, Ontario, Canada

Rayleigh Acoustics

Audio
Hardware
Music
$13M21 Feb 2023 Nanshan, Hunan, China

Recess

Ad Network
Advertising
Advertising Platforms
Cannabis
Food and Beverage
Food Processing
Local Advertising
Media and Entertainment
$5M10 Nov 2022 Los Angeles, California, United States

Vergent Bioscience

Biotechnology
Medical
Medical Device
$21M04 Oct 2022 Minneapolis, Minnesota, United States

Thentia

Robotics
Software
$10M19 Apr 2022 Old Toronto, Ontario, Canada

Genomenon

Developer Tools
Enterprise Software
Genetics
Medical
Software
$20M08 Mar 2022 Ann Arbor, Michigan, United States

Eyrus

Analytics
Construction
Mobile
SaaS
$10M16 Feb 2022 Washington, District of Columbia, United States

Koneksa Health

Analytics
Big Data
Health Care
$45M07 Feb 2022 New York, New York, United States

Ankyra

Biotechnology
$45M12 Nov 2021 Boston, Massachusetts, 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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Total investments 48
Average round size 14M
Rounds per year 2.09
Peak activity year 2018
Lead investments 13
Follow on index 0.33
Exits 9
Group Appearance index 0.81

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Thentia

Robotics
Software
$38M25 Jan 2024 Old Toronto, Ontario, Canada

Rayleigh Acoustics

Audio
Hardware
Music
$13M21 Feb 2023 Nanshan, Hunan, China

Recess

Ad Network
Advertising
Advertising Platforms
Cannabis
Food and Beverage
Food Processing
Local Advertising
Media and Entertainment
$5M10 Nov 2022 Los Angeles, California, United States

Vergent Bioscience

Biotechnology
Medical
Medical Device
$21M04 Oct 2022 Minneapolis, Minnesota, United States

Thentia

Robotics
Software
$10M19 Apr 2022 Old Toronto, Ontario, Canada

Genomenon

Developer Tools
Enterprise Software
Genetics
Medical
Software
$20M08 Mar 2022 Ann Arbor, Michigan, United States

Eyrus

Analytics
Construction
Mobile
SaaS
$10M16 Feb 2022 Washington, District of Columbia, United States

Koneksa Health

Analytics
Big Data
Health Care
$45M07 Feb 2022 New York, New York, United States

Ankyra

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