
Acquisition Financing and Bridging to a Growth Equity Round
-
Geoforce offers worldwide track and trace solutions to the energy industry by combining a cloud-based software platform with proprietary, rugged GPS devices and global satellite and cellular networks
-
Founded in 2007 in Lewisville, Texas
-
Cypress provided $5M in royalty-based growth capital in multiple tranches starting in 2012; initial funding provided cash for the acquisition of a specialized hardware and design company and allowed for sales expansion
-
Making effective use of Cypress’ growth capital, Geoforce doubled revenue and subsequently raised an $11M growth equity round in September 2013 at a favorable valuation