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NewSpring

North America, Pennsylvania, United States, Radnor

Description

NewSpring is a prominent multi-strategy private equity firm headquartered in Radnor, Pennsylvania. Established with a focus on delivering flexible capital solutions, the firm manages over $4.0 billion in capital across its diverse investment platforms. NewSpring's approach is characterized by its ability to cater to a wide range of company needs, from growth equity to buyouts, primarily targeting the lower middle-market.

The firm operates through several specialized funds, each with a distinct investment mandate. NewSpring Growth Equity and NewSpring Healthcare both focus on providing capital to high-growth companies, with a particular emphasis on technology-enabled businesses, healthcare services, healthcare IT, and medical device sectors. These funds typically commit initial investments ranging from $10 million to $50 million, aiming to support expansion, market penetration, and strategic initiatives.

Complementing these, NewSpring Mezzanine offers flexible debt solutions, also targeting investments between $10 million and $50 million for companies seeking growth capital or recapitalization. For more mature, profitable businesses, NewSpring Buyout provides significant equity capital, with typical check sizes ranging from $20 million to $100 million, facilitating ownership transitions or strategic acquisitions. Across its strategies, NewSpring has invested in over 185 companies, demonstrating a broad and active portfolio.

NewSpring positions itself as a strategic partner, offering not just capital but also operational expertise and network access to its portfolio companies. Their comprehensive suite of investment products allows them to support businesses at various stages of their lifecycle within the lower middle-market, from rapid growth to mature buyouts, making them a versatile and impactful investor in the private equity landscape.

Investor Profile

NewSpring has backed more than 164 startups, with 4 new investments in the last 12 months alone. The firm has led 85 rounds, about 52% of its total and boasts 52 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Australia.
  • Strong thematic focus on Health Care, Software, Information Technology.
  • Led 4 rounds in the past year.
  • Typical check size: $10M – $100M.

Stage Focus

  • Private Equity (34%)
  • Series Unknown (21%)
  • Series A (13%)
  • Series B (11%)
  • Series C (9%)
  • Series D (4%)
  • Debt Financing (4%)
  • Undisclosed (1%)
  • Series F (1%)
  • Post Ipo Equity (1%)

Country Focus

  • United States (98%)
  • Canada (1%)
  • Australia (1%)
  • China (1%)

Industry Focus

  • Health Care
  • Software
  • Information Technology
  • Analytics
  • Saas
  • Manufacturing
  • Biotechnology
  • Medical
  • Pharmaceutical
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does NewSpring frequently co-invest with?

First Round Capital
North America, California, United States, San Francisco
Co-Investments: 4
Osage Venture Partners
North America, Pennsylvania, United States, Bala Cynwyd
Co-Investments: 5
Level Equity Management
North America, New York, United States, New York
Co-Investments: 3
Sigma Prime Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 4
Sigma Partners
North America, Massachusetts, United States, Boston
Co-Investments: 4
Blossom Street Ventures
North America, Texas, United States, Dallas
Co-Investments: 3
ABS Capital Partners
North America, Maryland, United States, Baltimore
Co-Investments: 3
Quaker BioVentures
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 4
Kaplan
North America, Florida, United States, Fort Lauderdale
Co-Investments: 3
LLR Partners
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 6

Which angels does NewSpring often collaborate with?

JR
North America, Florida, United States, Fort Lauderdale
Shared Deals: 1
JC
North America, California, United States, Portola Valley
Shared Deals: 1
TL
North America, New York, United States, New York
Shared Deals: 1
CG
North America, Illinois, United States, Chicago
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by NewSpring?

Kincell Bio

Gainesville, Florida, United States

Kincell Bio collaborates with cell therapy developers by using considerable scientific experience and industry understanding.

BiopharmaBiotechnologyPharmaceutical
Series UnknownMay 15, 2025
Amount Raised: $22,000,000
Jones

New York, New York, United States

Jones helps real estate and construction companies to make smart decisions about insurance so they can boost efficiency and mitigate claims.

ComplianceInsurTechProperty ManagementPropTechReal EstateSoftware
Series BJan 3, 2025
Amount Raised: $15,000,000
Energage

Exton, Pennsylvania, United States

The Energage platform helps you unleash performance and realize the full potential of your workforce.

Digital MediaOnline PortalsSaaSService Industry
Series UnknownOct 31, 2024
Trio Mobil

Marietta, Georgia, United States

Trio Mobil develops solutions to prevent accidents and improve efficiency in industrial operations to achieve the zero accident goal.

Artificial Intelligence (AI)Big DataEnterprise SoftwareInternet of ThingsSaaS
Secondary MarketJul 29, 2024
Amount Raised: $26,500,000
Green Home Solutions Company

State College, Pennsylvania, United States

Raleigh Studios is an entertainment company offering offices, screening rooms, and event space.

Building MaterialGamingMusicReal EstateSocial Media
Private EquitySep 26, 2023
AeroSafe Global

Rochester, New York, United States

AeroSafe Global develops aerogels used in various transport, biomedical, pharmaceutical, and other temperature-sensitive products.

BiopharmaManufacturingPackaging ServicesPharmaceutical
Private EquityAug 29, 2023
Amount Raised: $43,000,000
Fiberglass Coatings

St. Petersburg, Florida, United States

FGCI is the largest independently owned composites distributor in Florida.

ConstructionIndustrialManufacturing
Private EquityAug 17, 2023
The Lawton Standard

Wisconsin Rapids, Wisconsin, United States

The Lawton Standard provides alloy and complicated metallurgical castings. Whether iron or steel.

DronesPrecious Metals
Private EquityJul 18, 2023
Venn

New York, New York, United States

Venn secures remote work on any unmanaged or BYOD computer with a radically simplified and less costly solution than VDI.

Cyber SecurityInformation TechnologySoftware
Series AJun 28, 2023
Amount Raised: $29,000,000
Patheous Health

Leawood, Kansas, United States

Patheous Health offers Dysphagia Rx, a platform of diagnostic and therapeutic services.

Health CareHealth DiagnosticsTherapeuticsWellness
Series UnknownApr 26, 2023
Amount Raised: $12,500,000