About PennSpring Capital
PennSpring Capital is a private equity firm founded in 2018. It is primarily based in Lancaster, United States. As of Sep 2026, PennSpring Capital has a portfolio of 7 companies, comprising 7 funding rounds and 9 acquisitions. The firm primarily invests in companies based in United States. Its portfolio is spread across a wide range of sectors from Consumer to Business Services. Most recently it acquired stakes in Zirtual on Dec 14, 2023.
Overall PennSpring Capital portfolio has seen 4 acquisitions, namely Double, Skyhawks and ACA Compliance Solution Services.
PennSpring Capital has a team of 8 people, including 5 partners.
Key Metrics
Founded Year
2018
Location
Lancaster, United States
Portfolio Sectors
Portfolio Locations
Acquisition Deals
PennSpring Capital's Portfolio
PennSpring Capital has a portfolio of 7 companies. They have invested in a total of 7 companies. Their most recent investment was in Environmental Remediation and Financial Services (Seed round) on Aug 24, 2021. Here are the most recent investments by PennSpring Capital:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Aug 24, 2021 | Seed | 2181 | - |
PennSpring Capital has acquired 9 companies. Their most recent acquisition was of Zirtual on Dec 14, 2023. Here are the most recent acquisitions by PennSpring Capital:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Dec 14, 2023 | Provider of virtual assistants like scheduling, research and reservations | $5.21M | 2011 | |
Feb 16, 2022 | Supplier of equipment related to mining industry | - | 1977 | |
Nov 22, 2021 | Simplest SMS marketing tool to engage and delight your customers | - | 2014 | |
Apr 27, 2021 | Provider of management consulting services | - | 2017 |
Here is the portfolio snapshot of PennSpring Capital:
Investments by Year
The maximum number of investments were made in 2021
Acquisitions by Year
The maximum number of acquisitions were made in 2021
Portfolio by Location
Companies are primarily in United States
Portfolio by Sector
Companies are primarily in Consumer
Team profile of PennSpring Capital
PennSpring Capital has a team of 8 members including 5 Partners located in United States. PennSpring Capital's team does not sit on the board of any company as of now.Here is a list of all team members in PennSpring Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Lancaster | - | - | |
Partner | Denver | - | - | |
Partner | Lancaster | - | - | |
Partner | - | - | ||
Partner | Reading | - | - | |
Associate | Lancaster | - | - |
PennSpring Capital News
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PennSpring Acquires Virtual Assistant Company ZirtualFinSMEs•Dec 14, 2023•PennSpring Capital, Zirtual
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Mobile marketing platform, Mobiniti, acquired by PennSpring CapitalMarTech Series•Nov 22, 2021•Mobiniti, PennSpring Capital
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Generational Equity Advises Swing Kingdom in Sale to PennSpring CapitalBusiness Wire•Dec 20, 2019•Generational Equity, Swing Kingdom, PennSpring Capital
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PennSpring Capital Acquires PSST, Empowering Software Firm's Continued GrowthPR Newswire•Jul 26, 2018•PennSpring Capital, Pstslc, PSST
