NewSpring Leads Series C Investment in Cordial

NewSpring Leads $26.5M Growth Round in Trio Mobil

July 29, 2024

AI & Machine Learning

Trio Mobil secured $26.5 million in growth financing led by NewSpring (via its NewSpring Growth strategy) with participation from existing investors 212 and TIBAS Ventures. The capital will be used to scale Trio Mobil’s AI- and IoT-based workplace safety and efficiency platform, accelerate U.S. and international expansion, and support product and device deployment.

NewSpring Growth Makes Growth Investment in Skillshare

October 29, 2020

Education

NewSpring Growth, the growth strategy of private equity firm NewSpring, invested in Skillshare in a growth capital round to support the online learning platform's international expansion and expansion of its enterprise offering. Skillshare, an online creative learning community with over 12 million registered members and roughly 8,000 teachers, will use the proceeds to localize internationally, deepen its U.S. presence, and invest in teacher and engagement tools.

NewSpring Mezzanine Invests in AbelCine

March 23, 2023

Media & Entertainment

NewSpring Mezzanine, the mezzanine strategy of private equity firm NewSpring, has provided subordinated debt financing to AbelCine. The proceeds will be used primarily to purchase video equipment to expand AbelCine's rental division and to facilitate a recapitalization of inactive shareholders; AbelCine is a cinematic equipment supplier, rental house and production services provider with over 125 employees.

NewSpring Growth Invests in Enboarder

February 9, 2022

Cloud & SaaS

NewSpring Growth, the growth equity arm of NewSpring, has made a minority investment in Enboarder to fund the employee engagement platform's international expansion, infrastructure investments, and headcount growth. Enboarder will use the proceeds to accelerate global growth after a period of rapid revenue and customer expansion.

NewSpring, Tecum Capital, Leedon Park and PNC Provide Growth Investment in Spirit Pharmaceuticals

April 27, 2021

Pharmaceuticals

An investor group led by NewSpring Mezzanine, alongside Tecum Capital, Leedon Park Capital and PNC Bank provided a growth capital injection into Spirit Pharmaceuticals LLC, backing CEO and founder Ajoy Joshi. The funding will support the Long Island-based private-label developer, packager and distributor of over-the-counter pharmaceutical products as it expands capacity (two additional facilities, 11 packaging lines) and deepens relationships with big-box retailers, medical distributors and e-commerce customers.

NewSpring Invests Growth Capital in Central Bark

December 14, 2021

Retail

NewSpring’s franchise-focused strategy, NewSpring Franchise, made a growth equity investment in Central Bark to accelerate the dog daycare brand’s franchise expansion and strengthen its infrastructure. Central Bark’s founders will remain involved in operations as the company uses proceeds to fuel geographic expansion, franchise development, and investments in technology and operations.