Spring Lake Equity Partners

Bob Forlenza and Carmen Scarpa serve as Managing Partners and lead the firm’s investment activity. Forlenza brings a background in Bain & Company consulting and software CEO experience, while Scarpa contributes operational and deal-making expertise. The duo manages board participation and strategic direction for portfolio companies.

Spring Lake has not publicly detailed its sourcing process, but its website emphasizes leveraging a network of contacts and active board participation. The firm’s concentration on companies with $5–$50 million in revenue and repeatable sales processes suggests a relationships-driven approach targeting founder-led businesses in that specific maturity band. No proprietary data channel or institutionalized sourcing program has been disclosed.

Spring Lake Equity Partners invests directly on a deal-by-deal basis and has not announced participation in fund commitments or fund-of-funds allocations. The firm states it is “primarily minority investors,” writing $5–$20 million checks to acquire minority stakes. No evidence of co-investment vehicles alongside external GPs is publicly available.

Spring Lake focuses on expansion, late-stage, and growth-stage technology companies that have achieved $5–$50 million in revenue. The firm also mentions recapitalizations as part of its mandate. This places it above early-stage venture capital but below large-scale buyout or pre-IPO rounds, carving a space for operational improvement plays at scaling companies.

Spring Lake does not publish a list of excluded sectors, but its portfolio of record — spanning enterprise SaaS (Zylo), data analytics (Gravy Analytics), telemedicine (SOC Telemed), and fiber broadband (via Ciena acquisitions) — implies an avoidance of non-technology or non-tech-enabled industries. No investments in industrials, real estate, or consumer goods have surfaced.