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The Venture Codex

Overview

Private equity firm investing in technology and business services sectors.

Founded

1999

Deals ยท 12mo

2

Stage focus

Series B
Series C

Geographic focus

United States

Sector focus

Professional Services
Venture Capital

Investment portfolio

71rounds
NAMEDATESIZE
Honest Health
Feb 2026Led
$140 MOther Equity
Sorcero
Nov 2025Led
$43 MSeries B
Bite Stream
Sep 2025Led
$25 MOther Equity
Kincell Bio
May 2025Led
$22 MOther Equity
Jones
Jan 2025Led
$15 MSeries B
Trio Mobil
Jul 2024Led
$27 MOther Equity
AeroSafe Global
Aug 2023Led
$43 MOther Equity
Venn
Jun 2023Led
$29 MSeries A
BetterNight
Feb 2023Led
$33 MOther Equity
InHomeTherapy
Sep 2022Participated
$22 MOther Equity
Cordial
Jul 2022Led
$50 MSeries C
Enboarder
Feb 2022Led
$32 MSeries B
Honest Health
Feb 2026Led
$140 MOther Equity
Sorcero
Nov 2025Led
$43 MSeries B
Bite Stream
Sep 2025Led
$25 MOther Equity
Kincell Bio
May 2025Led
$22 MOther Equity
Jones
Jan 2025Led
$15 MSeries B
Trio Mobil
Jul 2024Led
$27 MOther Equity
AeroSafe Global
Aug 2023Led
$43 MOther Equity
Venn
Jun 2023Led
$29 MSeries A
BetterNight
Feb 2023Led
$33 MOther Equity
InHomeTherapy
Sep 2022Participated
$22 MOther Equity
Cordial
Jul 2022Led
$50 MSeries C
Enboarder
Feb 2022Led
$32 MSeries B
71
Items
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Insights

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Deal Distribution

NewSpring Capital: 71 funding rounds are recorded in the selected participation categories.All available history.
NewSpring Capital: 71 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A32
Series B94
Series C+86
Other Equity2811

Monthly Deal Activity

NewSpring Capital: 71 deals are recorded across 204 months.All available history.
NewSpring Capital: 71 deals are recorded across 204 months. All available history
MonthDeals
Nov '091
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '101
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '111
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '111
Oct '110
Nov '111
Dec '110
Jan '120
Feb '120
Mar '120
Apr '121
May '120
Jun '120
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '132
Jul '132
Aug '131
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '141
Aug '141
Sep '142
Oct '141
Nov '140
Dec '140
Jan '151
Feb '152
Mar '150
Apr '150
May '150
Jun '150
Jul '151
Aug '150
Sep '151
Oct '151
Nov '150
Dec '154
Jan '160
Feb '161
Mar '160
Apr '162
May '160
Jun '161
Jul '160
Aug '162
Sep '160
Oct '161
Nov '161
Dec '160
Jan '170
Feb '170
Mar '171
Apr '171
May '170
Jun '170
Jul '172
Aug '170
Sep '171
Oct '172
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '182
Nov '181
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '191
Oct '192
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '211
Dec '211
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

NewSpring Capital: Enterprise Software is the largest displayed sector by deal count (20 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

NewSpring Capital: Enterprise Software is the largest displayed sector by deal count (20 deals). All available history
SectorDeals
Enterprise Software20
Health & Life Sciences18
Data, Analytics & IT17
Networks, Cloud & Communication15
Marketing & Advertising11
Fintech11
Professional Services9
AI & Machine Learning8
E-Commerce & Retail7
Cybersecurity & Privacy6
Real Estate & Construction5
Media & Entertainment5
Travel & Hospitality4
Consumer & Lifestyle4
Education & Workforce3
Hardware & Robotics3
Manufacturing3
Transportation & Logistics2
Social & Community Platforms2
Space & Frontier Tech1
Crypto & Blockchain1

Deal Size Distribution

NewSpring Capital: 71 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

NewSpring Capital: 71 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M6
$10M-$25M33
$25M-$50M17
$50M-$100M5
$100M-$250M5
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

NewSpring Capital: United States has the largest recorded deal count among the displayed regions (67 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

NewSpring Capital: United States has the largest recorded deal count among the displayed regions (67 deals). All available history
RegionDeals
United States67
017421
Australia1
Europe1
New Zealand1
NewSpring Capital: 20 co-investors are shown, with Osage Venture Partners sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

NewSpring Capital: Led accounts for 68% and participating for 32% of round participation.All available history.
NewSpring Capital: Led accounts for 68% and participating for 32% of round participation. All available history
CategoryDeals (count)Share (%)
Led4868%
Participating2332%
NewSpring Capital: Single-lead accounts for 85% and co-led for 15% of lead dynamics.All available history.
NewSpring Capital: Single-lead accounts for 85% and co-led for 15% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead4185%
Co-led715%

Team

Andrew Panzo

General Partner

Brian Murphy

General Partner

Lee Garber

Partner

Marc Lederman

Co-Founder & General Partner

Michael DiPiano

Managing General Partner

Skip Maner

General Partner

Steven Hobman

General Partner