MountainSeed, a top-tier provider of appraisal management, valuation technology, and capital markets services for community banks and credit unions, has finalized a $38 million minority investment from Long Ridge Equity Partners (“Long Ridge”), a growth equity firm specializing in financial and business technology and services. This substantial capital will drive AI-powered product development, speed up the company’s capital markets initiatives, and broaden MountainSeed’s market presence.
Established in 2010, MountainSeed stands as the premier partner for regional banks and credit unions nationwide, catering to over 500 clients and 2,800 financial professionals.
The fresh funding will hasten the rollout of Augur, MountainSeed’s AI-driven valuation and appraisal review platform. This tool assists financial institutions, appraisers, and real estate firms in managing risk and streamlining credit processes. Leveraging MountainSeed’s vast experience from tens of thousands of completed commercial appraisal reviews, Augur enables reviewers to spot potential problems, bolster documentation, and shorten turnaround times—while qualified professionals maintain complete authority over each decision.
“From MountainSeed’s inception, serving banks and credit unions has been central to our mission. These institutions form the bedrock of local economies across the nation, and we’re thrilled to support them in fresh ways as our AI and automation advancements gain momentum. I take great pride in what our team has achieved over the last decade and am thankful for our customers’ enduring trust,” said Carl Streck, Founder and CEO of MountainSeed. “Collaborating with Long Ridge felt natural from the very start. They bill themselves as ‘founder friendly,’ and that has been our reality. The Long Ridge partnership provides the ideal capital and know-how to propel our business forward—I’ve never been more excited about the future.”
“Carl and the MountainSeed team have carved out a unique and distinctive position in serving banks and credit unions, marked by strong customer bonds and a market-leading service portfolio,” said Kevin Bhatt, Managing Partner at Long Ridge. “As AI reshapes appraisal management and valuation technology, MountainSeed is exceptionally poised to broaden its leadership and serve clients through innovative methods. We’re proud to back Carl and the team during this growth phase.”
As part of this investment, Kevin Bhatt and Rachel Philbin from Long Ridge will assume seats on MountainSeed’s Board of Directors.
Advisors
Seyfarth Shaw LLP acted as legal counsel for MountainSeed. Goodwin Procter LLP provided legal counsel to Long Ridge Equity Partners. Fifth Third Bank supplied debt financing for the transaction.
About MountainSeed
MountainSeed is a premier provider of appraisal management, valuation technology, and capital markets solutions for banks and credit unions throughout the United States. Founded in 2010 and headquartered in Atlanta, Georgia, MountainSeed supports over 500 financial institution clients, aiding them in streamlining commercial and residential appraisal workflows, procurement, and compliance. The MountainSeed Augur platform harnesses advanced AI and machine learning to deliver institutional-grade valuation reviews and credit decisioning to financial organizations of every size. Established by Carl Streck, MountainSeed aims to create opportunities that enable individuals to flourish using their inherent talents. For further details, visit www.mountainseed.com.
About Long Ridge Equity Partners
Founded in 2007, Long Ridge Equity Partners is a private investment firm concentrating on the financial and business technology sectors. Drawing on deep industry insight and a broad network of sector resources, Long Ridge acts as a value-adding partner for high-growth companies. Since its inception, Long Ridge has backed numerous successful growth firms in the financial and business technology fields, offering founders and management teams partnership, strategic assets, and funding to fuel profitable growth. Long Ridge manages over $1.7 billion in committed capital. For more information about Long Ridge Equity Partners, please visit www.long-ridge.com.
