# NewSpring: portfolio, investments and team > NewSpring is a private equity based in United States. 57 investments on record, latest Aug 2023. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/newspring (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # NewSpring Filed with the SEC to raise a fund in Dec 2024, closing $105M. Last cheque observed Aug 2023. Email Quiet New fund $105M, Dec 2024 Private equity Seed Series A Series B Healthcare Franchise Follow NewSpring and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnewspring) Cheques on record **0%** of best year **0** **cheques in 12 months**, 57 on record Since the last cheque **1159** days **00** hrs **00** min **00** sec Median round **$20M** Rounds led **3 of 57** Sole investor **13 rounds** Exits **10 from the portfolio** Mostly in **United States, 100%** Pitch NewSpring ## NewSpring highlights - 01 57 rounds on record - 02 Mostly Series A and Venture: 60% of its rounds - 03 Sole investor in 13 rounds, median $11M - 04 10 exits from the portfolio ## What they do > For more than 25 years, NewSpring has partnered with high-potential companies in the lower-middle market, delivering the guidance and capital they need at critical inflection points. From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth Pre-IPO - **Sectors:** Healthcare Franchise - **Based in:** Berwyn, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **57 appearances** - **2023** 1 round - **Aug** **[AeroSafe Global](https://millionrounds.com/company/aerosafe-global)** Growth · US · Firms' own news pages **$43M** *Led* - **2019** 3 rounds - **Oct** **[Vacasa](https://millionrounds.com/company/vacasa)** Series C · US · FinSMEs **$319M** With 3 others - **Oct** **[Celigo](https://millionrounds.com/company/celigo)** Series B · US · FinSMEs **$20M** *Led* - **Jun** **[Dstillery](https://millionrounds.com/company/dstillery)** US · FinSMEs **$5.9M** *Led* - **2018** 1 round - **Oct** **[Vacasa](https://millionrounds.com/company/vacasa)** US · FinSMEs **$64M** With 3 others - **2017** 6 rounds - **Nov** **[Intersection](https://millionrounds.com/company/intersection)** US · FinSMEs **$150M** With 1 other - **Oct** **[Fox Rent-A-Car](https://millionrounds.com/company/fox-rent-a-car)** Debt · US · FinSMEs **$25M** With 2 others - **Oct** **[Vacasa](https://millionrounds.com/company/vacasa)** Series B · US · FinSMEs **$104M** With 2 others - **Oct** **[Energage](https://millionrounds.com/company/energage)** US · FinSMEs **$15M** With 2 others - **Apr** **[Lynn Electronics](https://millionrounds.com/company/lynn-electronics)** US · Philly **$14M** Sole investor - **Mar** **[Sussex Wire](https://millionrounds.com/company/sussex-wire)** US · FinSMEs **$12M** Sole investor - **2016** 4 rounds - **Dec** **[ncgCare](https://millionrounds.com/company/ncgcare)** US · FinSMEs **$5.0M** Sole investor - **Oct** **[Seniorlink](https://millionrounds.com/company/seniorlink)** US · FinSMEs **$7.5M** Sole investor - **Aug** **[Interactions](https://millionrounds.com/company/interactions)** FinSMEs **$56M** With 2 others - **Jun** **[Relay Network](https://millionrounds.com/company/relay-network)** US · FinSMEs **$12M** Sole investor - **2015** 7 rounds - **Oct** **[Verisma Systems, Inc.](https://millionrounds.com/company/verisma-systems-inc)** Venture · US **$1.2M** With 3 others - **Oct** **[Mobiquity](https://millionrounds.com/company/mobiquity)** Venture · US **$5.0M** With 1 other - **Sept** **[CallMiner](https://millionrounds.com/company/callminer)** Venture · US **$16M** With 3 others - **Jul** **[ContinuumRx](https://millionrounds.com/company/continuumrx)** Venture · US **$14M** Sole investor - **Mar** **[USPack Logistics](https://millionrounds.com/company/uspack-logistics)** US **Undisclosed** Sole investor - **Feb** **[Message Systems](https://millionrounds.com/company/message-systems)** Series C · US **$27M** With 2 others - **Jan** **[SiteSpect](https://millionrounds.com/company/sitespect)** Growth · US **$13M** Sole investor - **2014** 7 rounds - **Dec** **[SpeedConnect](https://millionrounds.com/company/speedconnect)** Venture · US **$18M** With 1 other - **Oct** **[Paragon Bioservices](https://millionrounds.com/company/paragon-bioservices)** Series A · US **$13M** With 1 other - **Sept** **[RightCare Solutions](https://millionrounds.com/company/rightcare-solutions)** Series B · US **$4.0M** Sole investor - **Sept** **[DialogTech](https://millionrounds.com/company/dialogtech)** Series E · US **$30M** With 6 others - **Aug** **[Mobiquity](https://millionrounds.com/company/mobiquity)** Series B · US **$5.0M** Sole investor - **Aug** **[Dstillery](https://millionrounds.com/company/dstillery)** Series C · US **$24M** With 3 others - **Jun** **[TrialScope](https://millionrounds.com/company/trialscope)** Venture · US **$10M** With 2 others - **2013** 5 rounds - **Aug** **[Open Road Integrated Media](https://millionrounds.com/company/open-road-integrated-media)** Series C · US · finsmes.com **$11M** With 3 others - **Jul** **[VidSys](https://millionrounds.com/company/vidsys)** Growth · US · finsmes.com **$16M** With 2 others - **Jul** **[VelociData](https://millionrounds.com/company/velocidata)** Venture · US · velocidata.com **$10M** With 2 others - **Jun** **[3Pillar Global](https://millionrounds.com/company/3pillar-global)** Series A · US · finsmes.com **$12M** Sole investor - **Jun** **[Mobiquity](https://millionrounds.com/company/mobiquity)** Series B · US · finsmes.com **$12M** With 2 others - **2012** 2 rounds - **Sept** **[eXelate](https://millionrounds.com/company/exelate)** Series C · US · finance.yahoo.com **$12M** With 3 others - **Apr** **[FirstBest](https://millionrounds.com/company/firstbest)** Venture · US · masshightech.com **$10M** With 1 other - **2011** 4 rounds - **Sept** **[Putney](https://millionrounds.com/company/putney)** Series C · US · pehub.com **$21M** With 1 other - **Jul** **[Quintiq](https://millionrounds.com/company/quintiq)** US · finsmes.com **Undisclosed** With 1 other - **Apr** **[Relay Network](https://millionrounds.com/company/relay-network)** Series A · US **$6.0M** With 2 others - **Mar** **[Core Essence Orthopaedics](https://millionrounds.com/company/core-essence-orthopaedics)** Series B · US · pharmaceuticals.einnews.com **$12M** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **15 named** AP **Andrew P. Panzo** Member of NSM SBIC II GP, LLC. i Filing they signed BR **Brian R. Murphy** Vice President and Member of NSM SBIC II GP, LLC. i Filing they signed GT **Glenn T. Rieger** Managing Member i Form ADV GW **Gregory W. Barger** Vice President i Filing they signed JA **James Ashton** Member of the Board of Managers i Filing they signed JS **Jonathan Spencer Schwartz** Chief Financial Officer, Treasurer and Secretary of issuer's Managing Member i Filing they signed LG **Lee Garber** Manager of the General Partner i Filing they signed LR **Leonard Reinhart** Director i Filing they signed MR **Marc Richard Lederman** Chief Operating Officer, Secretary and Member of NSM SBIC II GP, LLC. i Filing they signed MA **Michael Anthony Dipiano** Chief Executive Officer of the General Partner i Filing they signed MA **Michael Ashker** Director i Filing they signed PS **Patrick Sugrue** Manager of the General Partner i Filing they signed SP **Satya Ponnuru** Manager of the General Partner i Filing they signed SD **Steven D. Hobman** President and Member of NSM SBIC II GP, LLC. i Filing they signed WM **Walter Maner** Chief Executive Officer and Assistant Secretary of Issuer's Managing Member i Filing they signed We also hold **76** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$3.3B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Newspring Capital, LLC - **SEC number:** CRD 160608 Funds on its Form ADV **26** private funds, **$3.2B** in gross assets · filed Mar 2024 - NewSpring Mezzanine Capital IV, L.P. *Private equity* 62 investors $419M - NewSpring Growth Capital III, L.P. *Private equity* 63 investors $369M - NewSpring Growth Capital IV, L.P. *Private equity* 51 investors $365M - NewSpring Growth Capital V, L.P. *Private equity* 146 investors $332M - NewSpring Mezzanine Capital V, L.P. *Private equity* 60 investors $321M - NSH Verisma Holdco, L.P. *Private equity* 31 investors $313M - NewSpring Health Capital IV, L.P. *Private equity* 150 investors $230M - NewSpring Mezzanine Capital III, L.P. *Private equity* 31 investors $175M - NewSpring Holdings Parallel, LLC *Private equity* 2 investors $124M - NewSpring Holdings LLC *Private equity* 10 investors $108M And 16 more on the filing. ## Exits from the portfolio Companies it backed that were later bought or listed **10 in all** **[iPipeline](https://millionrounds.com/company/ipipeline)** Bought by [Thoma Bravo](https://millionrounds.com/fund/thoma-bravo) **Undisclosed** Aug 2015 **[Precyse](https://millionrounds.com/company/precyse)** Bought by [Pamplona Capital Management](https://millionrounds.com/fund/pamplona-capital-management) **Undisclosed** Jun 2015 **[eXelate](https://millionrounds.com/company/exelate)** Bought by Nielsen Holdings **$200M** Mar 2015 **[RedPath Integrated Pathology](https://millionrounds.com/company/redpath-integrated-pathology)** Bought by PDI,Inc. **Undisclosed** Nov 2014 **[Quintiq](https://millionrounds.com/company/quintiq)** Bought by [Dassault Systemes](https://millionrounds.com/fund/dassault-systemes) **$337M** Jul 2014 **[EKR Therapeutics](https://millionrounds.com/company/ekr-therapeutics)** Bought by Cornerstone Therapeutics **$150M** May 2012 **[CorrectNet](https://millionrounds.com/company/correctnet)** Bought by [VistaOne](https://millionrounds.com/fund/vistaone) **Undisclosed** May 2011 **[Immune Control](https://millionrounds.com/company/immune-control)** Bought by Corridor Pharmaceuticals **Undisclosed** Jun 2010 **[RedPath Integrated Pathology](https://millionrounds.com/company/redpath-integrated-pathology)** Bought by ExonHit Therapeutics **$32M** Apr 2010 **[The FeedRoom](https://millionrounds.com/company/the-feedroom)** Bought by KIT digital **$10M** Oct 2009 An exit counts when it came after the firm's first round in the company. From historical deal records. ## Companies it bought Acquisitions by the firm itself **X5 Solutions** **Undisclosed** Feb 2015 New fund on file **$105M** raised in Dec 2024 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$20M** the round, not its cheque Alone, median **$11M** Led 3 of 57 rounds **5%** - **Sole investor:** 13 rounds - **Last cheque:** Aug 2023 - **Exits:** 10 from the portfolio Rounds by stage said on their site - Series A said *13* - Venture *12* - Series C *8* - Series B said *6* - Growth said *3* - Seed said *-* - Pre-IPO said *-* Cheques by year Led Joined 2005 2023 Often in the room with - [LLR Partners](https://millionrounds.com/fund/llr-partners) 3 - [Quaker Partners](https://millionrounds.com/fund/quaker-partners) 3 - [Assurant Growth Investing](https://millionrounds.com/fund/assurant-growth-investing) 2 - [Domain Associates](https://millionrounds.com/fund/domain-associates) 2 - [Fidelity Ventures](https://millionrounds.com/fund/fidelity-ventures) 2 - [Flybridge](https://millionrounds.com/fund/flybridge) 2 **Pitching NewSpring?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as NewSpring. A count of rooms they were both in, not a relationship either has claimed. [**LLR Partners** VC firm **3** rounds together](https://millionrounds.com/fund/llr-partners)[**Quaker Partners** VC firm **3** rounds together](https://millionrounds.com/fund/quaker-partners)[**Assurant Growth Investing** VC firm **2** rounds together](https://millionrounds.com/fund/assurant-growth-investing)[**Domain Associates** VC firm **2** rounds together](https://millionrounds.com/fund/domain-associates)[**Fidelity Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/fidelity-ventures)[**Flybridge** VC firm **2** rounds together](https://millionrounds.com/fund/flybridge)[**Level Equity** Private equity **2** rounds together](https://millionrounds.com/fund/level-equity)[**Longworth Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/longworth-venture-partners)[**Menlo Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/menlo-ventures)[**Riverwood Capital** VC firm **2** rounds together](https://millionrounds.com/fund/riverwood-capital)[**Sigma Partners** VC firm **2** rounds together](https://millionrounds.com/fund/sigma-partners)[**Venrock** VC firm **2** rounds together](https://millionrounds.com/fund/venrock) ## Recently backed The latest companies NewSpring put money into. [**AeroSafe Global** $43M · Aug 2023](https://millionrounds.com/company/aerosafe-global)[**Vacasa** $319M · Oct 2019](https://millionrounds.com/company/vacasa)[**Celigo** $20M · Oct 2019](https://millionrounds.com/company/celigo)[**Dstillery** $5.9M · Jun 2019](https://millionrounds.com/company/dstillery)[**Fox Rent-A-Car** $25M · Oct 2017](https://millionrounds.com/company/fox-rent-a-car)[**Energage** $15M · Oct 2017](https://millionrounds.com/company/energage) ## Quick answers about NewSpring ### What does NewSpring invest in? NewSpring invests most often at Series A and Venture (60% of the rounds on record), in sectors such as Healthcare and Franchise. ### How active is NewSpring? 57 investments on record, 0 of them in the last 12 months, and it led 3. The most recent was in Aug 2023. ### What has NewSpring invested in recently? Its most recent investments on record: AeroSafe Global (Growth, Aug 2023), Vacasa (Series C, Oct 2019) and Celigo (Series B, Oct 2019). ### How big are NewSpring's cheques? The median round it joins is $20M. ### Does NewSpring lead rounds? Sometimes: it led 3 of its 57 investments on record (5%). ### Where does NewSpring invest? Most of the companies it backs are in the United States (100%). ### Is NewSpring investing now? No investments in the last 12 months; the latest was in Aug 2023. ### Who does NewSpring invest alongside? Most often LLR Partners (3 rounds together), Quaker Partners (3 rounds together) and Assurant Growth Investing (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=newspring) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=newspring)