Bridging to a Strategic Exit | Cypress Growth Capital

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Thermi™ is the world leader in thermistor-regulated energy solutions for aesthetics, dermatology and women’s health.
Founded in 2012 in Dallas, Texas
Received $2M in royalty-based growth capital from Cypress in December 2014 and a second $2M tranche in June 2015
Using our growth capital, Thermi grew revenue from $11M to nearly $30M in one year
Thermi was acquired in January 2016 for $82M by Almirall, a global pharmaceutical company

Thermi preserved millions of dollars in equity value by using Cypress’ royalty-based growth capital as a substitute for equity financing.