Cypress Growth Capital Invests in Real Estate Software Company Privy
We are pleased to announce our recent investment in Denver-based Privy, a real estate investment software company providing curated information to individual investors and real estate agents focused on residential real estate investment opportunities.
Founded in 2019, the platform culls extensive data from a variety of open and exclusive sources, including Multiple Listing Service (MLS) data, and then applies proprietary algorithms to identify those properties most likely to be successful investments. The software is also used by real estate agents who specialize in serving investor clients looking to purchase and improve properties for eventual sale or rental.
"The Cypress investment team has a proven track record as trusted advisors and experience leading and growing tech companies, which was very appealing to us," said Founder and Chief Executive Officer Scott Fahl. “We wanted a non-dilutive capital partner who understood our strategy and could help us scale the company.”
“Privy has an innovative SaaS solution serving a rapidly growing segment of the real estate investment market,” said Cypress Growth Capital Managing Director Vik Thapar. “Scott and his team have built an exceptional business and they have conviction in their growth prospects. Gaining access to growth capital while also preserving their increasingly valuable equity was a top priority.”
Cypress’ growth capital investment will be primarily used for sales channel expansion and platform enhancements.