Search company, investor...

Predict your next investment

Private Equity
springlakeequitypartners.com

Investments

41

Portfolio Exits

12

Funds

6

Service Providers

1

About Spring Lake Equity Partners

Spring Lake Equity Partners is a Boston-based private equity firm. The firm invests equity capital in later-stage, technology-oriented private companies.

Headquarters Location

50 Rowes Wharf 5th Floor

Boston, Massachusetts, 02110,

United States

617-391-6300

Want to inform investors similar to Spring Lake Equity Partners about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Spring Lake Equity Partners News

Zylo Secures $31.5M Series C to Help Companies Reduce SaaS Costs and Operationalize Renewals

Nov 30, 2022

Venture Capital News | Private Equity News venture capital directory | private equity directory Venture Capital Firms List / Venture Capital & Private Equity Firms and Sources Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory 2022 Newly Updated Edition Now Available! (Updated JULY 2022) VCPro Database 2022 25th Edition — a downloadable and searchable venture capital database with 6,800+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. Zylo Secures $31.5M Series C to Help Companies Reduce SaaS Costs and Operationalize Renewals SaaS management leader accelerates growth and doubles new business during record-setting year; new investor Baird Capital leads round INDIANAPOLIS, November 29, 2022-- Zylo, the enterprise leader in SaaS Management, today announced $31.5 million in Series C funding led by Baird Capital's Venture Team. Organizations worldwide rely on Zylo to find, manage, and reduce SaaS application spend, sprawl, and risk – challenges brought to the forefront given the current economic climate. The funding round also included Spring Lake Equity Partners and existing investors Bessemer Venture Partners, Menlo Ventures, and High Alpha, as well as strategic partner and investor Coupa Ventures. "We're proud to welcome Baird Capital's Venture Team and Spring Lake Equity Partners as new investors who, along with our returning partners, recognize the potential Zylo has to cement our position as the SaaS Management category leader," said Eric Christopher, CEO and co-founder of Zylo. "This funding will allow us to accelerate product innovation and hiring, building on the success we've experienced this past year – a growth period that included doubling new business and setting records for demand and customer retention." On average, companies use more than 300 SaaS applications and overspend on licenses by 15% each year, according to Zylo research. Zylo eliminates unnecessary costs, helping companies receive a greater return on their software investment. The opportunity for savings is significant, given that the average SaaS spend reaches $65 million per year. CIOs and CFOs increasingly look to Zylo's SaaS Management solutions to achieve visibility across their entire organizations' SaaS commitments and stop SaaS sprawl. "Investment in SaaS became even more critical in the past few years as companies sought to prioritize new tools and technology that helped keep their businesses running in the pandemic. However, this new environment contributed to accelerated SaaS spending and deployments that have lost efficiency and control, thus becoming its own challenge that is impacting companies globally," said Benedict Rocchio, Partner at Baird Capital and new Zylo board member. "Baird Capital clearly recognizes the value that Zylo provides to their customers through SaaS management and believes it is of even increased importance in the current economic climate." In addition to investing further in product advancements, this funding will allow Zylo to continue to expand go-to-market and engineering teams in the Indianapolis area, along with hybrid hiring throughout the country. "With more than 30 million SaaS licenses and $30 billion in spend data under management, Zylo is the clear category leader," said Byron Deeter, partner at Bessemer Venture Partners. "The need for companies to manage the rapid rise of SaaS and cloud subscription costs is evident. Zylo is growing alongside the demand, and Bessemer is excited to continue to invest and partner to further support their growth." Zylo customer Coupa has experienced firsthand the value that Zylo can offer to companies managing hundreds of SaaS applications. "With a global workforce and thousands of employees, SaaS management wasn't just a 'nice to have' but a critical component of our continued growth," said Eric Tan, CIO at Coupa. "Zylo gave us the transparency and visibility we were looking for to make strategic and business-aligned decisions." This funding announcement comes on the heels of a record-setting year. In addition to Zylo's increases in demand, new business and customer retention, the company was named by G2 as a leader in two categories: SaaS Spend Management and SaaS Operations Management. For more information about Zylo's SaaS Management platform and cost optimization services, visit zylo.com. About Zylo Zylo is the enterprise leader in SaaS Management. Companies such as Adobe, Atlassian, Coupa, Doordash, Intuit, Slack, Salesforce, and Yahoo leverage Zylo's enterprise-proven technology and unparalleled SaaS Management expertise to control the rising costs and risks of SaaS while improving software adoption by employees and driving innovation. With more than 30 million SaaS licenses and $30 billion in SaaS spend under management, Zylo is fueled by more data than any other provider. Only Zylo's enterprise SaaS management platform delivers 100% visibility into your SaaS footprint to drive actionable insights and automated workflows. Alongside the platform, Zylo offers a suite of spend optimization services to drive greater cost savings while freeing up resources, implementing a proven best-in-class approach to manage SaaS negotiations from end to end. Having raised more than $67.5M to date, Zylo is backed by leading SaaS investors, including Bessemer Venture Partners, Menlo Ventures, Baird Capital's Venture Team, Spring Lake Equity Partners, High Alpha, GGV, Slack Fund, Salesforce Ventures, and Coupa Ventures. To learn more, visit zylo.com. Contact:

Spring Lake Equity Partners Investments

41 Investments

Spring Lake Equity Partners has made 41 investments. Their latest investment was in Zylo as part of their Series C on November 11, 2022.

CBI Logo

Spring Lake Equity Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/29/2022

Series C

Zylo

$31.5M

Yes

14

10/26/2021

Series B

Testlio

$12M

Yes

5

8/19/2021

Series B

Trifecta Nutrition

$20M

Yes

7

10/7/2020

Series B - III

Subscribe to see more

$99M

Subscribe to see more

10

2/3/2020

Series D

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/29/2022

10/26/2021

8/19/2021

10/7/2020

2/3/2020

Round

Series C

Series B

Series B

Series B - III

Series D

Company

Zylo

Testlio

Trifecta Nutrition

Subscribe to see more

Subscribe to see more

Amount

$31.5M

$12M

$20M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

14

5

7

10

10

Spring Lake Equity Partners Portfolio Exits

12 Portfolio Exits

Spring Lake Equity Partners has 12 portfolio exits. Their latest portfolio exit was Forefront Telecare on September 01, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/1/2022

Acquired

$99M

4

5/4/2021

Acquired

$99M

3

11/17/2020

Acquired

$99M

1

1/29/2020

Merger

Subscribe to see more

$99M

Subscribe to see more

10

11/3/2019

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/1/2022

5/4/2021

11/17/2020

1/29/2020

11/3/2019

Exit

Acquired

Acquired

Acquired

Merger

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

4

3

1

10

10

Spring Lake Equity Partners Acquisitions

1 Acquisition

Spring Lake Equity Partners acquired 1 company. Their latest acquisition was Astadia on July 30, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/30/2018

Debt

$99M

$20.37M

Acq - Fin - II

3

Date

7/30/2018

Investment Stage

Debt

Companies

Valuation

$99M

Total Funding

$20.37M

Note

Acq - Fin - II

Sources

3

Spring Lake Equity Partners Fund History

6 Fund Histories

Spring Lake Equity Partners has 6 funds, including Spring Lake Equity Partners II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/5/2018

Spring Lake Equity Partners II

Expansions & Growth

Open

$49.15M

1

7/30/2014

Spring Lake Fund I

Subscribe to see more

Subscribe to see more

$99M

10

12/30/2008

Tudor Ventures IV

Subscribe to see more

Subscribe to see more

$99M

10

3/30/2007

Tudor Ventures III LP

Subscribe to see more

Subscribe to see more

$99M

10

6/1/2000

Tudor Ventures II LP

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

11/5/2018

7/30/2014

12/30/2008

3/30/2007

6/1/2000

Fund

Spring Lake Equity Partners II

Spring Lake Fund I

Tudor Ventures IV

Tudor Ventures III LP

Tudor Ventures II LP

Fund Type

Expansions & Growth

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Open

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$49.15M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Spring Lake Equity Partners Service Providers

1 Service Provider

Spring Lake Equity Partners has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Spring Lake Equity Partners Team

2 Team Members

Spring Lake Equity Partners has 2 team members, including current Managing Director, Carmen J. Scarpa.

Name

Work History

Title

Status

Carmen J. Scarpa

Tudor Ventures

Managing Director

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Carmen J. Scarpa

Subscribe to see more

Work History

Tudor Ventures

Title

Managing Director

Subscribe to see more

Status

Current

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.