Spring Mill Venture Partners

Spring Mill Venture Partners is a venture capital firm based in Carmel, Indiana, established in 2004. The firm specializes in seed and early-stage investments, primarily targeting high-growth companies within the information technology, healthcare technology, and life sciences sectors. Its investment focus is on businesses located in Indiana and the surrounding Midwest region, which includes Illinois, Kentucky, Michigan, and Ohio. Spring Mill Venture Partners aims to provide both capital and strategic support to help early-stage companies achieve sustainable growth and success.

Ken Green

Co-Founder and Managing Partner

13 past transactions

SonarMed

Series C in 2017
SonarMed, Inc. is a medical device company based in Carmel, Indiana, founded in 2005 to enhance the placement and monitoring of endotracheal tubes for patients unable to breathe independently. The company's flagship product, SonarMed AirWave, employs acoustic reflectometry technology to provide real-time, precise monitoring of endotracheal tube position and function. This non-invasive device aids healthcare providers in detecting potentially hazardous conditions related to breathing tubes, thereby improving patient safety and care quality. By offering a comprehensive approach to the management of endotracheal tubes, SonarMed aims to reduce the risks associated with their use and enhance the overall efficacy of respiratory interventions in clinical settings.

DialogTech

Series E in 2014
DialogTech is a leading provider of a voice-based marketing platform that specializes in call analytics and automation services. The company offers a comprehensive suite of software applications designed to enhance marketing efforts through advertisement tracking, call notifications, call forwarding, call automation, and interactive voice response. By focusing on actionable marketing analytics for inbound phone calls, DialogTech enables businesses, including Fortune 500 companies and growing agencies, to optimize their caller experience and improve call attribution. This approach helps clients drive more meaningful conversations that contribute to revenue generation.

Scale Computing

Series D in 2012
Scale Computing, Inc. specializes in edge computing, virtualization, and hyperconverged solutions tailored for midsized companies. Founded in 2007 and based in Indianapolis, Indiana, the company provides a comprehensive platform, HyperCore 3 (HC3), which integrates servers, storage, and virtualization into a single, user-friendly appliance. This system enhances application uptime and performance through self-healing and automation, effectively reducing the need for traditional IT infrastructure components such as separate virtualization and disaster recovery software. Scale Computing's offerings include hyperconverged appliances that optimize storage speed and capacity, as well as services for infrastructure refresh, virtual-to-virtual and physical-to-virtual migrations, and disaster recovery. The company's solutions address significant IT costs related to downtime and personnel, enabling clients to focus on application management without the complexities of infrastructure maintenance.

PerfectServe

Series C in 2012
PerfectServe, Inc. is a healthcare technology company based in Knoxville, Tennessee, that specializes in secure communications and collaboration solutions for the healthcare industry in the United States. Founded in 1999, the company provides a comprehensive platform that includes clinical communication, provider scheduling, nurse communication, and medical answering services. Its offerings, such as PerfectServe Synchrony and PerfectServe One-2-One, facilitate effective communication between physicians, nurses, and other healthcare providers, enhancing patient care and operational efficiency. The platform is designed to ensure accuracy, reliability, and personal control over communication processes, supporting hospitals, physician practices, and healthcare clients across more than 130 markets. PerfectServe's services enable tens of thousands of daily interactions, connecting medical professionals with approximately 12 million patients, thereby underscoring the growing demand for innovative healthcare communication solutions. The company has seen significant growth, with compound annual growth rates exceeding 50 percent since 2000.

DialogTech

Series B in 2010
DialogTech is a leading provider of a voice-based marketing platform that specializes in call analytics and automation services. The company offers a comprehensive suite of software applications designed to enhance marketing efforts through advertisement tracking, call notifications, call forwarding, call automation, and interactive voice response. By focusing on actionable marketing analytics for inbound phone calls, DialogTech enables businesses, including Fortune 500 companies and growing agencies, to optimize their caller experience and improve call attribution. This approach helps clients drive more meaningful conversations that contribute to revenue generation.

SonarMed

Series A in 2010
SonarMed, Inc. is a medical device company based in Carmel, Indiana, founded in 2005 to enhance the placement and monitoring of endotracheal tubes for patients unable to breathe independently. The company's flagship product, SonarMed AirWave, employs acoustic reflectometry technology to provide real-time, precise monitoring of endotracheal tube position and function. This non-invasive device aids healthcare providers in detecting potentially hazardous conditions related to breathing tubes, thereby improving patient safety and care quality. By offering a comprehensive approach to the management of endotracheal tubes, SonarMed aims to reduce the risks associated with their use and enhance the overall efficacy of respiratory interventions in clinical settings.

Scale Computing

Series B in 2010
Scale Computing, Inc. specializes in edge computing, virtualization, and hyperconverged solutions tailored for midsized companies. Founded in 2007 and based in Indianapolis, Indiana, the company provides a comprehensive platform, HyperCore 3 (HC3), which integrates servers, storage, and virtualization into a single, user-friendly appliance. This system enhances application uptime and performance through self-healing and automation, effectively reducing the need for traditional IT infrastructure components such as separate virtualization and disaster recovery software. Scale Computing's offerings include hyperconverged appliances that optimize storage speed and capacity, as well as services for infrastructure refresh, virtual-to-virtual and physical-to-virtual migrations, and disaster recovery. The company's solutions address significant IT costs related to downtime and personnel, enabling clients to focus on application management without the complexities of infrastructure maintenance.

Scale Computing

Series A in 2009
Scale Computing, Inc. specializes in edge computing, virtualization, and hyperconverged solutions tailored for midsized companies. Founded in 2007 and based in Indianapolis, Indiana, the company provides a comprehensive platform, HyperCore 3 (HC3), which integrates servers, storage, and virtualization into a single, user-friendly appliance. This system enhances application uptime and performance through self-healing and automation, effectively reducing the need for traditional IT infrastructure components such as separate virtualization and disaster recovery software. Scale Computing's offerings include hyperconverged appliances that optimize storage speed and capacity, as well as services for infrastructure refresh, virtual-to-virtual and physical-to-virtual migrations, and disaster recovery. The company's solutions address significant IT costs related to downtime and personnel, enabling clients to focus on application management without the complexities of infrastructure maintenance.

Perfinity Biosciences

Venture Round in 2008
Perfinity Biosciences, Inc. is a company focused on advancing protein sample preparation through innovative tools and technologies. Founded in 2004 and located in West Lafayette, Indiana, Perfinity offers a diverse product portfolio that includes immobilized enzymes, affinity reagents, optimized buffers, and software solutions. Key products include Soluble Smart Digest, a stable soluble trypsin for efficient digestions; Mag Beads, designed specifically for proteomics; QuicPrep, which integrates immunoaffinity and trypsin digestion in a single tube; and Flash Digest, an immobilized trypsin reactor for reproducible results. The company also provides a Workstation, a multi-column apparatus that automates protein separations and mass spectrometry sample preparation. Perfinity's solutions are tailored to enhance reproducibility and speed across a variety of workflows, including solid tissues, gels, and sample pellets. The company was previously known as QuadraSpec, Inc. before rebranding in March 2010.

CS-Keys

Series A in 2008
CS-Keys is a private, Indianapolis-based biotechnology company focused on the discovery and development of 3rd generation cancer-associated biomarkers using proteomics. These biomarkers may be used to create products to enhance the diagnosis and treatment of patients with cancer.

Biostorage Technologies

Series A in 2007
BioStorage Technologies is the premier, global provider of comprehensive sample management solutions for the bioscience industry BioStorage Technologies, Inc. was founded in 2002 and is privately held and headquartered in North America in Indianapolis, Indiana with an additional full-service site in Europe near Frankfurt, Germany. Their mission is to provide their clients with world class, biorepository services, exceeding clients’ expectations of service, value and quality while setting the industry standard for the storage, management & logistics of samples.

Biostorage Technologies

Venture Round in 2007
BioStorage Technologies is the premier, global provider of comprehensive sample management solutions for the bioscience industry BioStorage Technologies, Inc. was founded in 2002 and is privately held and headquartered in North America in Indianapolis, Indiana with an additional full-service site in Europe near Frankfurt, Germany. Their mission is to provide their clients with world class, biorepository services, exceeding clients’ expectations of service, value and quality while setting the industry standard for the storage, management & logistics of samples.

Perfinity Biosciences

Series A in 2005
Perfinity Biosciences, Inc. is a company focused on advancing protein sample preparation through innovative tools and technologies. Founded in 2004 and located in West Lafayette, Indiana, Perfinity offers a diverse product portfolio that includes immobilized enzymes, affinity reagents, optimized buffers, and software solutions. Key products include Soluble Smart Digest, a stable soluble trypsin for efficient digestions; Mag Beads, designed specifically for proteomics; QuicPrep, which integrates immunoaffinity and trypsin digestion in a single tube; and Flash Digest, an immobilized trypsin reactor for reproducible results. The company also provides a Workstation, a multi-column apparatus that automates protein separations and mass spectrometry sample preparation. Perfinity's solutions are tailored to enhance reproducibility and speed across a variety of workflows, including solid tissues, gels, and sample pellets. The company was previously known as QuadraSpec, Inc. before rebranding in March 2010.
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