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

Geoforce obtained financing from Cypress to fund the cash component for a differentiating acquisition. They also used Cypress’ entrepreneur-friendly capital to bridge to a later growth equity round, preserving the founder’s equity.