Investment Summary

Spring Mountain Capital Invests In Aware

On December 14, 2020, growth capital firm Spring Mountain Capital invested in information technology company Aware

Investment Highlights
  • This is Spring Mountain Capital’s 4th transaction in the Information Technology sector.
  • This is Spring Mountain Capital’s 21st transaction in the United States.
  • This is Spring Mountain Capital’s 1st transaction in Ohio.
Investment Fate
  • Aware was sold to a strategic buyer in 2024.

Investment Summary

Date 2020-12-14
Target Aware
Sector Information Technology
Investor(s) Spring Mountain Capital
Deal Type Venture

Target

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.

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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 22 of 29
Sector: Information Technology M&A 4 of 5
Type: Venture M&A Deals 12 of 18
State: Ohio M&A 1 of 1
Country: United States M&A 21 of 27
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Doctor.com

New York, New York, United States

Doctor.com empowers health care organizations to deliver better customer experience at every step of the patient journey. As the universal source of truth and system of record for managing consumer-facing provider data across the industry, Doctor.com provides the critical infrastructure and integrations necessary to enable modern digital experiences for patients. Doctor.com clients benefit from best-in-class provider data, robust physician and patient engagement tools, and seamless integrations with the most prominent health care directories, search engines, social media platforms, and EHR/PM systems. As a result, thousands of clients, including 200+ leading hospitals and health systems, 30,000+ private practices, and leading brands in the life sciences industry, have been empowered by Doctor.com to enhance their digital presence and credibility, increase patient trust, and grow their business. Doctor.com was founded in 2013 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 AtlasXomics

New Haven, Connecticut, United States

AtlasXomics is a commercializing novel discovery platform that provides clinicians and researchers with unprecedented multi-omics tissue atlases. AtlasXomics is based in New Haven, Connecticut.

Buy -