Non-Dilutive Funding for Austin-Based Company
Cypress Growth Capital Invests in CORE Group Inc.
Cypress Growth Capital is pleased to announce our recent investment in CORE Group Inc., a highly innovative, first of its kind marketplace serving the property restoration industry.
Founded in 2018, CORE is North America’s fastest growing network of restoration contractors. CORE provides best-in-class managed services such as technology, group purchasing, and claims processing to its independent property restoration company members.
“We were seeking a business partner that was just as excited about our model and growth as we were,” said Founder and Chief Executive Dan Cassara. He added “the Cypress team’s experience and track record in building tech-enabled, high-growth services companies was very attractive to CORE.”
CORE Founder & CEO Dan Cassara
“CORE is at a pivotal point in their growth and with non-dilutive, equity-preserving funding from Cypress, they have the fuel they need to further scale their business,” said Cypress Growth Capital Partner Pat McCaffrey. “Dan Cassara is a proven and highly regarded executive in the restoration market and he has assembled a top-flite team to realize his vision for the company.”
The growth capital infusion will be used primarily for new revenue generation, national marketing, member support services and product enhancements.