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Spring Mountain Capital

North America, New York, United States, New York

Description

Spring Mountain Capital (SMC) is a New York-based private investment management firm with approximately $1.5 billion in assets under management. The firm primarily focuses on its Growth Equity strategy, targeting promising enterprise technology and healthcare companies across North America. SMC aims to partner with businesses that have demonstrated strong market traction and are poised for significant expansion.

Under its Growth Equity arm, SMC seeks out established companies with proven business models, robust revenue streams, and experienced management teams. They typically invest in businesses generating annual revenues between $5 million and $50 million, providing capital to fuel initiatives such as market expansion, new product development, or strategic acquisitions. The firm emphasizes a partnership approach, working closely with founders and management to navigate growth challenges and capitalize on market opportunities.

SMC's typical initial investment in growth equity rounds ranges from $10 million to $30 million. This capital is deployed to support companies that are past the early-stage venture phase and require substantial funding to scale operations and accelerate their growth trajectory. Their investment philosophy centers on identifying companies with defensible market positions and clear paths to profitability and market leadership.

Beyond financial investment, Spring Mountain Capital offers strategic guidance and operational expertise, leveraging its extensive network and deep industry knowledge. The firm is committed to long-term partnerships, providing the resources and support necessary for its portfolio companies to achieve sustainable growth and maximize shareholder value.

Investor Profile

Spring Mountain Capital has backed more than 52 startups, with 3 new investments in the last 12 months alone. The firm has led 31 rounds, about 60% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Switzerland.
  • Strong thematic focus on Health Care, Biotechnology, Software.
  • Led 2 rounds in the past year.
  • Typical check size: $10M – $30M.

Stage Focus

  • Series B (38%)
  • Series A (33%)
  • Series C (13%)
  • Seed (6%)
  • Series Unknown (4%)
  • Private Equity (4%)
  • Post Ipo Equity (2%)

Country Focus

  • United States (90%)
  • Canada (6%)
  • Switzerland (2%)
  • China (2%)

Industry Focus

  • Health Care
  • Biotechnology
  • Software
  • Enterprise Software
  • Medical
  • Medical Device
  • Information Technology
  • Analytics
  • Therapeutics
  • Cyber Security
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Spring Mountain Capital frequently co-invest with?

Blue Heron Capital
North America, Virginia, United States, Richmond
Co-Investments: 3
Colle Capital Partners
North America, New York, United States, New York
Co-Investments: 4
Co-Investments: 2
Connecticut Innovations
North America, Connecticut, United States, Rocky Hill
Co-Investments: 6
Ironwood Capital
North America, Connecticut, United States, Avon
Co-Investments: 3
Advantage Capital
North America, Louisiana, United States, New Orleans
Co-Investments: 3
StarVest Partners
North America, New York, United States, New York
Co-Investments: 3
14W
North America, New York, United States, New York
Co-Investments: 3
Allos Ventures
North America, Indiana, United States, Carmel
Co-Investments: 2
RRE Ventures
North America, New York, United States, New York
Co-Investments: 3

Which angels does Spring Mountain Capital often collaborate with?

RW
North America, California, United States, Los Angeles
Shared Deals: 1
MK
North America, California, United States
Shared Deals: 1
BG
North America, New York, United States, New York
Shared Deals: 1
MS
North America, California, United States, Los Angeles
Shared Deals: 1
BH
North America, New York, United States, New York
Shared Deals: 1
JY
North America, California, United States, San Francisco
Shared Deals: 1
RW
North America, New York, United States, New York
Shared Deals: 1
AW
North America, California, United States, San Francisco
Shared Deals: 1
NP
North America, California, United States, San Francisco
Shared Deals: 1
MC
North America, Texas, United States, Dallas
Shared Deals: 1

What are some of recent deals done by Spring Mountain Capital?

Yunu

Cary, North Carolina, United States

Yunu is a med-tech company that develops a platform to access clinical trial and experiment data with researchers and doctors worldwide.

CommunitiesMedicalSoftwareWellness
SeedApr 16, 2025
Hiveclass

New York, New York, United States

Hiveclass is a youth sports training platform to provide quality training that is accessible to everyone.

FitnessWellness
SeedFeb 7, 2025
Amount Raised: $1,500,000
Wingtra

Zurich, Zurich, Switzerland

Wingtra is a manufacturer of professional mapping and surveying drones.

AerospaceDrone ManagementDronesManufacturingRobotics
Series BAug 15, 2024
Thentia Cloud

Toronto, Ontario, Canada

Thentia is a regulatory and compliance software Company.

Enterprise SoftwareGovernmentGovTechSoftware
Series BJan 25, 2024
Amount Raised: $38,000,000
showd.me

New York, New York, United States

showd.me is the leading online compliance training platform for organizations that care about compliance.

Human ResourcesSaaSTraining
Series ASep 27, 2023
ProSomnus Sleep Technologies

Pleasanton, California, United States

ProSomnus designs and manufactures intraoral devices designed to help dentists get patients into therapy with comfort.

Health CareMedicalMedical Device
Post Ipo EquitySep 21, 2023
Amount Raised: $10,000,000
Rayleigh Acoustics

Nanshan, Hunan, China

Rayleigh Acoustics is a sound beautification service provider.

AudioHardwareMusic
Series AFeb 21, 2023
Amount Raised: $13,093,766
Recess

Marina Del Rey, California, United States

Recess is an experiential partnerships platform helping brands engage and acquire new customers via event and venue partnerships at scale.

Ad NetworkAdvertisingAdvertising PlatformsLocal AdvertisingMedia and Entertainment
Series ANov 10, 2022
Amount Raised: $5,000,000
Vergent Bioscience

Minneapolis, Minnesota, United States

Vergent Bioscience is a biotech company focusing on the development of tumor-targeted molecular imaging molecules for cancer surgery.

BiotechnologyHealth CareMedicalMedical Device
Series BOct 4, 2022
Amount Raised: $21,500,000
Thentia Cloud

Toronto, Ontario, Canada

Thentia is a regulatory and compliance software Company.

Enterprise SoftwareGovernmentGovTechSoftware
Series BApr 19, 2022
Amount Raised: $10,000,000