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The Venture Codex

Overview

Expansion capital for companies in high-growth innovation sectors.

Founded

2001

Deals ยท 12mo

2

Stage focus

Series A
Series B
Series C

Geographic focus

Canada
United States

Sector focus

Finance
Venture Capital

Investment portfolio

34rounds
NAMEDATESIZE
xCures
Jun 2026Participated
$46 MSeries B
TripWorks
Jan 2026Led
$6 MSeries A
Hiveclass
Feb 2025Led
$2 MSeed
Thentia Cloud
Jan 2024Led
$38 MSeries B
Vergent Bioscience
Oct 2022Participated
$22 MSeries B
Allyx Therapeutics
May 2022Led
$8 MSeries A
Thentia Cloud
Apr 2022Led
$10 MSeries B
Everwash
Mar 2022Led
$6 MSeries B
Eyrus
Feb 2022Led
$12 MSeries A
Koneksa Health
Feb 2022Participated
$45 MSeries C
Ankyra
Nov 2021Participated
$45 MSeries B
Aware
Oct 2021Participated
$60 MSeries C
xCures
Jun 2026Participated
$46 MSeries B
TripWorks
Jan 2026Led
$6 MSeries A
Hiveclass
Feb 2025Led
$2 MSeed
Thentia Cloud
Jan 2024Led
$38 MSeries B
Vergent Bioscience
Oct 2022Participated
$22 MSeries B
Allyx Therapeutics
May 2022Led
$8 MSeries A
Thentia Cloud
Apr 2022Led
$10 MSeries B
Everwash
Mar 2022Led
$6 MSeries B
Eyrus
Feb 2022Led
$12 MSeries A
Koneksa Health
Feb 2022Participated
$45 MSeries C
Ankyra
Nov 2021Participated
$45 MSeries B
Aware
Oct 2021Participated
$60 MSeries C
34
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Insights

Time horizon

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Deal Distribution

Spring Mountain Capital: 34 funding rounds are recorded in the selected participation categories.All available history.
Spring Mountain Capital: 34 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A80
Series B105
Series C+06
Other Equity22

Monthly Deal Activity

Spring Mountain Capital: 34 deals are recorded across 192 months.All available history.
Spring Mountain Capital: 34 deals are recorded across 192 months. All available history
MonthDeals
Nov '101
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '121
Jan '130
Feb '130
Mar '130
Apr '132
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '151
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '161
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '171
Mar '170
Apr '170
May '171
Jun '170
Jul '171
Aug '170
Sep '171
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '181
Jul '180
Aug '181
Sep '182
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '202
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '201
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '211
Sep '210
Oct '211
Nov '211
Dec '210
Jan '220
Feb '222
Mar '221
Apr '221
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Spring Mountain Capital: Health & Life Sciences is the largest displayed sector by deal count (19 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.

Spring Mountain Capital: Health & Life Sciences is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Health & Life Sciences19
Enterprise Software8
Consumer & Lifestyle8
Data, Analytics & IT7
Cybersecurity & Privacy5
Government & Defense4
Networks, Cloud & Communication4
Professional Services4
Real Estate & Construction3
AI & Machine Learning3
Transportation & Logistics2
Marketing & Advertising2
Travel & Hospitality1
Education & Workforce1
Clean Energy & Sustainability1
Manufacturing1
Social & Community Platforms1

Deal Size Distribution

Spring Mountain Capital: 34 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.

Spring Mountain Capital: 34 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M11
$10M-$25M10
$25M-$50M11
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Spring Mountain Capital: United States has the largest recorded deal count among the displayed regions (31 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Spring Mountain Capital: United States has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
United States31
Canada3
Spring Mountain Capital: 20 co-investors are shown, with Female Founders Fund 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

Spring Mountain Capital: Led accounts for 62% and participating for 38% of round participation.All available history.
Spring Mountain Capital: Led accounts for 62% and participating for 38% of round participation. All available history
CategoryDeals (count)Share (%)
Led2162%
Participating1338%
Spring Mountain Capital: Single-lead accounts for 81% and co-led for 19% of lead dynamics.All available history.
Spring Mountain Capital: Single-lead accounts for 81% and co-led for 19% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1781%
Co-led419%

Team

Gregory Ho

President and Chief Operating Officer

Jamie Weston

Managing Director

John Gu

Principal

John Steffens

Founder & Senior Managing Director

Kenneth Soll

Vice President

Petra Hansen

Head of Private Equity Funds and Product Development

Raymond L.M. Wong

Managing Director, Head of Private Equity