Cypress Growth Capital Invests In ChartSquad
We are pleased to announce our investment in ChartSquad, a Utah-based company providing a software platform that makes obtaining medical records simple, secure, fast, and far less expensive than traditional solutions.
Launched in 2016, ChartSquad enables patients or their legal representatives to retrieve and manage electronic medical records (EMRs), diagnostic testing, billing, prescription history, EMR audit trails, and more. Their software-enabled platform is disrupting the $10 billion a year medical records release industry by empowering patients to directly and efficiently share and administer their protected health information.
“The founders’ experience with both the legal and healthcare records markets makes ChartSquad uniquely qualified to address the needs of all parties involved in class actions and torts,” said Cypress Partner Vincent Hsieh. “With no outside capital, ChartSquad has tripled over the past three years as their pioneering solution is increasingly a ‘must have’.”
“Cypress’ non-dilutive solution was a great fit, providing us the capital we need to scale the business while knowing the Cypress team is there to help.”
- Chris Carpenter, Founder & CEO
ChartSquad’s Founder & CEO, Chris Carpenter, discussed why he sought equity- preserving funding from Cypress to propel his company’s growth: “Being bootstrapped, I had been searching for a true capital partner that understood not only my model but my ethos. Cypress’ non-dilutive solution was a great fit, providing us the capital we need to scale the business while knowing the Cypress team is there to help.”
Cypress’ capital will be used to accelerate growth through expanded sales and marketing efforts and software platform development.