Wednesday, May 7, 2014
Cypress Growth Capital Closes $50M Investment Fund
Dallas-based Cypress Growth Capital announced this morning that it has closed a second, growth capital fund, CGS Royalty Investments II, at $50M, which it will use for emerging, second-stage businesses. The fund--which provides growth capital in exchange for a fixed percentage of a company's future revenues--said the funding commitments came from a number of family offices, all of who had been in the firm's prior royalty-based fund. The company says it provides capital to businesses looking for between $1M to $5M in capital. The company's royalty-based funding is an alternative to more traditional, debt- and equity- funding sources.