Investment Summary

Spring Lake Equity Partners Invests In Single Digits

On May 17, 2012, venture capital firm Spring Lake Equity Partners invested in internet software and services company Single Digits

Investment Highlights
  • This is Spring Lake Equity Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is Spring Lake Equity Partners’ 22nd transaction in the United States.
  • This is Spring Lake Equity Partners’ 1st transaction in New Hampshire.
Investment Fate
  • Single Digits was sold to a consortium of financial buyers in 2017.
  • Single Digits was sold to a consortium of financial buyers in 2019.

Investment Summary

Date 2012-05-17
Target Single Digits
Sector Internet Software and Services
Investor(s) Spring Lake Equity Partners
Deal Type Venture

Target

Single Digits

Bedford, New Hampshire, United States
Single Digits is a provider of high-speed internet access (HSIA) management and support solutions, guest management software and technical support services. Single Digits was founded in 2003 and is based in Bedford, New Hampshire.

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Investor(S) 1

DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


DEAL STATS #
Overall 23 of 26
Sector: Internet Software and Services M&A 3 of 3
Type: Venture M&A Deals 19 of 20
State: New Hampshire M&A 1 of 1
Country: United States M&A 22 of 25
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Pipeline Trading Systems

New York City, New York, United States

Pipeline Trading operates the Pipeline Alternative Trading System (ATS), an electronic trading network that allows institutions and brokerage firms to quickly and efficiently trade blocks of stocks with minimal market impact.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Velocity Technology Solutions

Charlotte, North Carolina, United States

Velocity Technology Solutions, Inc. is a provider of enterprise software hosting and systems integration services to mid-market businesses and government entities. Velocity Technology Solutions was founded in 2003 and is based in Charlotte, North Carolina.

Sell -