Cypress Growth Capital Invests in CloudRadial
Cypress Growth Capital is pleased to announce our investment in CloudRadial, a provider of client portal and account management solutions for IT Managed Service Providers (MSPs).
Founded in 2018 by Jeff Farris, CloudRadial’s SAAS solution allows MSPs to scale account management efforts to sell more, work less, and create happier clients. The platform integrates ticketing, service catalogs, reporting, automated quarterly business reviews, and planning into a single client-facing and white-labeled portal.
“We partnered with Cypress because of their non-dilutive approach to growth capital and their successful track record of helping entrepreneurs build enduring, high-growth companies,” said CloudRadial President & CEO, Jeff Farris. “As former entrepreneurs and operators, their counsel will be valuable as we develop and execute our ambitious expansion strategies.”
“As companies increasingly rely on outsourced support for growing IT infrastructure and security needs, MSPs have had to continuously enhance their services,” said Cypress Partner Vincent Hsieh. “CloudRadial allows them to do just that in a customer-focused and data-driven manner.”
"We chose Cypress because of their non-dilutive approach to growth capital and long track record of helping entrepreneurs build enduring, high-growth companies.” Jeff Farris, Founder, and CEO, CloudRadial
Cypress’ capital will be used to enhance CloudRadial’s SAAS offering and support capabilities, as well as to accelerate growth through investment in sales, marketing, and channel development.
You can find additional information about this investment here.