Gemspring Capital Invests in Sitemetric

Whats Happening:

Gemspring Capital Management, LLC has made a strategic investment in Sitemetric, LLC, a leading provider of jobsite security, safety, and workforce management solutions for the construction industry. The investment was made through Gemspring Growth Solutions I, a fund focused on providing flexible, non-control capital to middle market businesses.

Key Moves:

• Gemspring Capital invests in Sitemetric through its Growth Solutions I fund

• Investment aims to accelerate Sitemetric's product development and go-to-market resources

• Sitemetric to expand customer base and enhance product offerings

By The Numbers:

• Gemspring Capital has $3.8 billion of capital under management

• Gemspring targets companies with up to $1 billion in revenue

• Sitemetric has a strong presence in the datacenter construction sector

Key Quotes:

• "Sitemetric is at an exciting inflection point, and we are excited to partner with Gemspring to accelerate our growth." - Brian Thomas, CEO and Co-Founder of Sitemetric

• "We are thrilled to collaborate with the Sitemetric team to drive its next phase of growth through both organic expansion and strategic acquisitions." - D.J. Andrzejewski, Managing Director at Gemspring

Bottom Line:

Gemspring Capital's investment in Sitemetric represents a strategic move to capitalize on the growing demand for jobsite security and workforce management solutions in the construction industry. This partnership aims to accelerate Sitemetric's growth through product development, market expansion, and potential acquisitions, leveraging Gemspring's expertise in scaling software companies.

Read Full Article