Cypress Growth Capital Invests in Kingsmen Software
Inaugural Investment in Cypress' Third Royalty Fund
Cypress Growth Capital is pleased to announce our recent investment in Kingsmen Software. Kingsmen becomes the first portfolio company in Cypress' third royalty fund and also represents our first investment in North Carolina.
Headquartered in Charlotte and founded in 2013 by former IT executives of major financial institutions, Kingsmen Software delivers advisory services, custom software, and proprietary software-as-a-service solutions to commercial banks, investment banks, asset managers, and hedge funds.
"The Cypress team impressed us with their operating experience scaling companies like ours," said Micah Minarik, Co-Founder and CEO. "In addition to providing non-dilutive capital, we found a partner in Cypress who understands the nuances and drivers of our business and who can help us expand our SaaS-based offerings."
In addition to Kingsmen's deep domain knowledge in financial services and highly differentiated software products, we were most impressed with the quality, experience and camaraderie of the leadership team.
The $2,500,000 capital infusion will be used primarily for marketing, sales and product support of Kingsmen's three current SaaS offerings.