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Key people at Spring Capital Partners.
Spring Capital Partners was founded in 1999 by Bob Stewart (Co-Founder & General Partner) and Michael Donoghue (Co-Founder & General Partner).
Spring Capital Partners provides patient, flexible junior capital solutions to growing small and medium-sized businesses across the United States. The firm specializes in subordinated debt and equity investments, typically $2 million to $20 million, supporting growth, acquisitions, or recapitalizations. Their mezzanine financing offers a less dilutive alternative to traditional equity, often with an equity component via warrants or minority stakes.
Established in 1999, Spring Capital Partners was founded by principals with deep experience in venture capital, commercial banking, and entrepreneurship. They recognized a market need for tailored, long-term capital for established companies seeking growth beyond traditional bank limits. This insight shaped their flexible investment mandate, customizing portfolio solutions.
The firm serves profitable, mature businesses, generally with revenues between $10 million and $150 million, across diverse industries. Clients leverage Spring Capital’s funding for strategic acquisitions, management buyouts, or later-stage growth. Spring Capital Partners empowers companies toward their next growth phase by combining capital with strategic expertise.
Spring Capital Partners was founded in 1999 by Bob Stewart (Co-Founder & General Partner) and Michael Donoghue (Co-Founder & General Partner).
Key people at Spring Capital Partners.
Spring Capital Partners has 2 tracked investments across 2 companies. The latest tracked deal is $746.0M Series A in Veyor in March 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 4, 2026 | Veyor | $746.0M Series A | Marbruck Investments | Co:act Capital, Investible |
| Sep 7, 2022 | Morse Micro | $140.0M Series B | Tetsuo Hikawa | Lucinda (lucy) Hughes Turnbull AO, Malcolm Turnbull, Blackbird Ventures, Clean Energy Finance Corporation, Main Sequence Ventures, Skip Capital, Uniseed |