Investment Summary

Spring Mountain Capital Invests In Everwash

On March 2, 2022, growth capital firm Spring Mountain Capital invested in internet software and services company Everwash

Investment Highlights
  • This is Spring Mountain Capital’s 4th transaction in the Internet Software and Services sector.
  • This is Spring Mountain Capital’s 26th transaction in the United States.
  • This is Spring Mountain Capital’s 2nd transaction in Pennsylvania.

Investment Summary
Date 2022-03-02
Target Everwash
Sector Internet Software and Services
Investor(s) Spring Mountain Capital
Deal Type Venture

Target

Everwash

Philadelphia, Pennsylvania, United States
EverWash is a car wash membership and subscription management with more than 750 participating locations that provide ongoing sales, marketing, and customer support to partner washes. Everwash is based in Philadelphia, Pennsylvania.

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Investor(S) 1

Investor

Spring Mountain Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Spring Mountain Capital is a growth capital firm focused on providing expansion capital to tech-enabled companies across North America. The Firm looks to invest in earlier stage companies ($2 to $10 million of revenue) with high growth rates, proven products/services, and a path to profitability. Spring Mountain generally looks to commit $5 to $15 million per transaction. Spring Mountain Capital was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 28 of 28
Sector (Internet Software and Services) 4 of 4
Type (Venture) 18 of 18
State (Pennsylvania) 2 of 2
Country (United States) 26 of 26
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Eyrus

Washington, District of Columbia, United States

Eyrus is a jobsite intelligence platform for the construction and oil and gas industries. Eyrus was founded in 2015 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Aware

Columbus, Ohio, United States

Aware delivers AI-infused governance, compliance and monitoring for enterprise organizations deploying today’s leading collaboration and messaging platforms, including Slack, Microsoft Teams, Yammer and Workplace from Facebook. Aware’s comprehensive platform solves common challenges that legal, compliance, information security and IT departments face when rolling out collaboration, including archiving, monitoring, organization insights, DLP, eDiscovery, retention and legal holds. Aware is based in Columbus, Ohio.

Sell -
Mergr

Product

Company

Legal