Investment Summary

Spring Mountain Capital Invests In Eyrus

On February 16, 2022, growth capital firm Spring Mountain Capital invested in information technology company Eyrus

Investment Highlights
  • This is Spring Mountain Capital’s 5th transaction in the Information Technology sector.
  • This is Spring Mountain Capital’s 25th transaction in the United States.
  • This is Spring Mountain Capital’s 1st transaction in District of Columbia.

Investment Summary

Date 2022-02-16
Target Eyrus
Sector Information Technology
Investor(s) Spring Mountain Capital
Deal Type Venture

Target

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 DC.

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Investor(S) 1

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 $20 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 27 of 29
Sector: Information Technology M&A 5 of 5
Type: Venture M&A Deals 17 of 18
State: District of Columbia M&A 1 of 1
Country: United States M&A 25 of 27
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 Ankyra Therapeutics

Cambridge, Massachusetts, United States

Ankyra Therapeutics, a company developing cancer therapies based on tumor localized immune potentiating agents that boost anti-tumor immune responses. Ankyra was founded in 2019 and is headquartered in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 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.

Buy -