Investments
50Portfolio Exits
15Funds
4About Spring Mountain Capital
Spring Mountain is a private investment management firm that focuses on alternative asset investing and offers investors a wide range of strategies designed to produce attractive risk adjusted returns.
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Latest Spring Mountain Capital News
Apr 13, 2023
Zurich-based Wingtra, a manufacturer of professional mapping and surveying drones, announced that it has raised approximately €20.38M in a Series B round of funding to further expand its operations globally. The investment came from DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, the European Innovation Council Fund (EIC Fund), ACE & Company, John L. Steffens (founder of Spring Mountain Capital), and successful Swiss entrepreneurs. Founded in 2016, Wingtra was developed at ETH Zurich’s Autonomous Systems Lab, one of the world’s top technology institutions. It is the brainchild of young entrepreneurs Maximilian Boosfeld, Basil Weibel, Elias Kleimann, and Sebastian Verling. Wingtra produces expert mapping drones and creates flying control software for fully automated operation. The WingtraPilot app manages the combined solution for dependable, quick, and precise aerial survey data gathering and processing. The drones are making it easier for surveying professionals in industries like construction and infrastructure, mining, environmental monitoring, agriculture and urban planning, and land management to digitize their surrounding world. Wingtra’s trademark drone WingtraOne’s VTOL design makes it possible for it to take off and land almost anywhere, including in cramped areas and on uneven ground, which facilitates extensive data gathering. Currently, hundreds of organizations use this drone, including CEMEX, Rio Tinto, the Army Corps of Engineers, and the Kenya Red Cross.
Spring Mountain Capital Investments
50 Investments
Spring Mountain Capital has made 50 investments. Their latest investment was in RECESS as part of their Series A on November 11, 2022.
Spring Mountain Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/11/2022 | Series A | RECESS | $5M | Yes | 4 | |
10/4/2022 | Series B | Vergent Bioscience | $21.5M | No | 11 | |
4/20/2022 | Series B - II | Thentia | $10M | No | 2 | |
3/8/2022 | Series B | |||||
3/2/2022 | Series B |
Date | 11/11/2022 | 10/4/2022 | 4/20/2022 | 3/8/2022 | 3/2/2022 |
|---|---|---|---|---|---|
Round | Series A | Series B | Series B - II | Series B | Series B |
Company | RECESS | Vergent Bioscience | Thentia | ||
Amount | $5M | $21.5M | $10M | ||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 4 | 11 | 2 |
Spring Mountain Capital Portfolio Exits
15 Portfolio Exits
Spring Mountain Capital has 15 portfolio exits. Their latest portfolio exit was RepairSmith on December 12, 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 |
|---|---|---|---|---|---|
12/12/2022 | Acquired | 7 | |||
11/9/2021 | Acquired | 5 | |||
10/8/2021 | IPO | Public | 6 | ||
Date | 12/12/2022 | 11/9/2021 | 10/8/2021 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 7 | 5 | 6 |
Spring Mountain Capital Acquisitions
1 Acquisition
Spring Mountain Capital acquired 1 company. Their latest acquisition was Iron Solutions on June 06, 2008.
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 |
|---|---|---|---|---|---|---|
6/6/2008 | Acquired |
Date | 6/6/2008 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources |
Spring Mountain Capital Fund History
4 Fund Histories
Spring Mountain Capital has 4 funds, including SMC Private Equity Holdings.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
7/10/2020 | SMC Private Equity Holdings | Diversified Private Equity | Open | $24.57M | 2 |
3/20/2020 | SMC Holdings II LP | ||||
1/15/2020 | SMC Private Capital Fund | ||||
4/10/2017 | SMC Growth Capital Partners II |
Closing Date | 7/10/2020 | 3/20/2020 | 1/15/2020 | 4/10/2017 |
|---|---|---|---|---|
Fund | SMC Private Equity Holdings | SMC Holdings II LP | SMC Private Capital Fund | SMC Growth Capital Partners II |
Fund Type | Diversified Private Equity | |||
Status | Open | |||
Amount | $24.57M | |||
Sources | 2 |
Spring Mountain Capital Team
8 Team Members
Spring Mountain Capital has 8 team members, including current Founder, Senior Managing Director, John Steffens.
Name | Work History | Title | Status |
|---|---|---|---|
John Steffens | Founder, Senior Managing Director | Current | |
Name | John Steffens | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder, Senior Managing Director | ||||
Status | Current |
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