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Cypress Growth Capital Invests in VinCue

$3.0M Non-Dilutive Funding for Automotive SaaS Company

Cypress Growth Capital is pleased to announce our recent investment in VinCue, a Kansas City-based software company providing vehicle valuation, inventory sourcing and advertising solutions to both independent and franchise automotive dealerships.

Founded in 2016, VinCue’s three co-founders brought together deep backgrounds in data-science, software engineering and dealership management to create a modern suite of solutions that address the most pressing needs of automotive dealerships.

“Third-party marketplaces and consumer behaviors have changed the car-buying market forever,” said VinCue CEO Chris Hoke. “Today’s car buyers spend a great deal of time researching and comparing vehicles online before they arrive at the dealership. Our solutions provide dealers with a better approach for acquiring, managing, and selling inventory that is based on real-time data about buyers, competitors, and the local market.”

VinCue will use the $3M growth capital investment from Cypress to expand marketing efforts and develop additional software features.
“Non-dilutive financing was exactly what we were seeking and Cypress Growth Capital proved to be the most knowledgeable and experienced partner to support our company,” added Hoke. “The Cypress team has a decade-long track record of helping entrepreneurs achieve their goals.”

VinCue is Cypress' second investment in Kansas City in as many years. In November 2019, Cypress provided $2M of equity-preserving growth capital to Stackify, a Kansas City-based provider of cloud tools for software developers.