What stage does Cypress Growth Capital invest at?

Cypress Growth Capital invests at the Seed, Growth, Late Stage stages.

What is Cypress Growth Capital's typical check size?

Cypress Growth Capital typically writes checks of $500K – $5M.

What sectors does Cypress Growth Capital focus on?

Cypress Growth Capital focuses on Enterprise Software, SaaS.

Where is Cypress Growth Capital located?

Cypress Growth Capital is headquartered in Dallas, US.

Does Cypress Growth Capital lead rounds?

Cypress Growth Capital typically participates in rounds rather than leading them.

Cypress Growth Capital

Venture debt

Dallas · Seed–Late Stage · 9 people tracked

Also known as CYPRESS GROWTH CAPITAL, LLC

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Investment thesis

Cypress Growth Capital offers royalty-based growth capital as an alternative to equity financing. It provides capital structured as flexible, long-term debt in exchange for a fixed percentage of a company's future monthly revenues until payments reach a predetermined cap. This approach lets founders preserve equity and retain control, requiring no board seat or control provisions and no liquidity event for success. Payments adjust with revenue performance, keeping the structure cash-flow friendly. Since 2010, the firm has invested exclusively in SaaS and tech-enabled services companies across the United States, aiming to help entrepreneurs grow toward outcomes such as a follow-on growth equity round, majority recapitalization, or strategic sale.

Invests inEnterprise Software SaaSDallasUnited States

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$500K – $5M

Dallas, Texas, US

Leads rounds

Follows

Instruments

Debt

Founded

2010

AUM

$100M

Tracked investments

Team · 9 people

from the firm's website

Barton Goodwin· Co-Founder and Managing Director· Dallas, Texas, United Statesin

Barton Goodwin is a co-founder and managing director of Cypress Growth Capital, where he participates across the investment process and supports portfolio companies. He has over 30 years of experience in information technology, focusing on growth initiatives, M&A, and management consulting. Previously he co-founded advisory firm Cypress Point Partners, held an executive role at nGenera (now Moxie Software), spent 16 years at Computer Sciences Corporation as a Managing Partner in its U.S. consulting practice, and began his career at Accenture. He holds a degree from Rice University.

b•••@cypressgrowthcapital.comreveal

Ed Mello· Co-Founder and Managing Director· Dallas, Texas, United Statesin

Ed Mello co-founded Cypress Growth Capital in 2010 and oversees the firm's investment activities while supporting portfolio companies on growth initiatives. He previously served as Chief Operating Officer of CSC Consulting, a division of Computer Sciences Corporation, was an early senior executive at the Internet services company Viant, and was President of nGenera (now Moxie Software). He began his career at EDS after serving as an officer in the U.S. Army Corps of Engineers, and holds a degree from the University of Notre Dame.

e•••@cypressgrowthcapital.comreveal

Cliff Sentell· Partner· Dallas, Texas, United Statesin

Cliff Sentell is a Partner at Cypress Growth Capital with over 25 years of entrepreneurial and operating experience in software and services. He co-founded Compass Professional Health Services, a software-enabled healthcare engagement company that grew to 350 employees before its 2018 acquisition by Alight Solutions, where he led product integration. He holds a patent for AI that recommends physicians to patients and earned a B.S. in mechanical engineering from Duke University.

c•••@cypressgc.comreveal

Pat McCaffrey· Partner· Dallas-Fort Worth Metroplexin

Pat McCaffrey is a Partner at Cypress Growth Capital with over 30 years of operating experience leading and scaling software and tech-enabled services companies, and serves on the firm's Investment Committee. He previously was Chief Operating Officer of Omnitracs, a Vista Equity Partners company offering SaaS-based fleet management and logistics solutions, and held executive roles at TeleTech, BT Global Services, Optum, Viant, and Computer Sciences Corporation. He began his career at EDS and holds a business degree from Miami University (Ohio).

p•••@cypressgrowthcapital.comreveal

Vincent Hsieh· Partner

CFA-credentialed managing director on the Cypress Growth Capital investment team.

v•••@cypressgc.comreveal

Vincent Hsieh, CFA· Managing Director

Emily Hyde· Associate· Dallasin

Emily Hyde joined Cypress Growth Capital as an Associate in June 2024, where she focuses on deal sourcing. She previously served as Director of Venture Dallas and as Director of Sales & Marketing at HG Partners, and worked as an Innovation Strategist at o9 Solutions. She holds a Bachelor's degree and a Master of Science in Engineering Entrepreneurship from SMU, and founded The AROS Project, a non-profit focused on removing plastics from waterways.

e•••@cypressgc.comreveal

Sean Ferguson· Analyst· Dallasin

Sean Ferguson joined Cypress Growth Capital in 2024 as an Analyst working on deal sourcing. He holds a Bachelor of Science in Economics with Finance Applications and a minor in Business from Southern Methodist University, and also studied at the London School of Economics and the Institute of American Universities. He previously worked in Trading and Settlements at Wedbush Securities.

s•••@cypressgc.comreveal

Vik Thapar· Managing Director· Dallas, Texasin 𝕏

Appeared on the How to SaaS Podcast discussing how founders can evaluate whether non-dilutive, royalty-based growth capital is right for scaling without giving up equity.

v•••@cypressgrowthcapital.comreveal

What they invest in

from 1 of 2 portfolio companies

Enterprise Software ×1Fintech ×1SaaS ×1

HQs:United States×1

Investments · 2 tracked

founders shown can be your intro path

Ooga Technologies

Cypress Growth Capital provides royalty-based growth capital, structured as flexible long-term debt repaid as a fixed percentage of monthly revenue, as an alternative to equity financing.

Enterprise SoftwareFintechSaaSDurham, US

Igor Kasovski(Executive Officer, Director)Ajay Pasupuleti(Executive Officer, Director)Michael T. Turnbow(Executive Officer, Director)Matthew Gomley(Executive Officer, Director)

VeilSun

Custom application development company providing low-code managed services

Frequently asked questions

What stage does Cypress Growth Capital invest at?: Cypress Growth Capital invests at the Seed, Growth, Late Stage stages.
What is Cypress Growth Capital's typical check size?: Cypress Growth Capital typically writes checks of $500K – $5M.
What sectors does Cypress Growth Capital focus on?: Cypress Growth Capital focuses on Enterprise Software, SaaS.
Where is Cypress Growth Capital located?: Cypress Growth Capital is headquartered in Dallas, US.
Does Cypress Growth Capital lead rounds?: Cypress Growth Capital typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Ep. 101: Vik Thapar, Cypress Growth Capital | Non-Dilutive Funding with Royalty-Based Capital

How To SaaS · Vik Thapar

Images

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