$3.0M Non-Dilutive Growth Funding for Pittsburgh Healthcare SaaS Company
Cypress Growth Capital Invests in ThoroughCare
Cypress Growth Capital is pleased to announce our recent investment in ThoroughCare, a Pittsburgh-based digital healthcare company that offers care management and wellness software for healthcare providers.
Founded in 2013, ThoroughCare provides integrated care coordination software to nearly 600 clinics and physician practices throughout the United States. Organizations use ThoroughCare’s solutions to enable personalized health experiences, streamline value-based care delivery, and help identify the next best actions at critical moments.
“We were seeking a business partner who understood our strategy and could provide us with more than just capital,” said Founder and Chief Executive Officer Dan Godla. ThoroughCare COO Earl Hutz added: “The Cypress team’s track record of helping to scale technology companies of all sizes was highly attractive to us. They are an ideal partner.”
“We were seeking a business partner who understood our strategy and could provide us with more than just capital...”
ThoroughCare CEO, Dan Godla
ThoroughCare's Earl Hutz, COO (left) and Dan Godla, CEO (right)
Cypress believes that its non-dilutive growth capital is a great fit for ThoroughCare. “The company has a proven SaaS solution serving a rapidly growing segment of healthcare,” said Cypress Growth Capital Partner Pat McCaffrey. “Dan and his team have built an exceptional business and it is poised for dramatic growth. Preserving their increasingly valuable equity is a top priority.” Cypress’ growth capital investment will be used primarily for scaling sales and marketing and expanding into new market segments.