Cloud-based residential construction management software provider Hyphen Solutions said that it has raised equity investment from GreyLion Capital and Stone Point Capital to support its growth and new product introductions. The terms of the investment were not disclosed.
“Hyphen now enjoys the substantial backing of two proven investors, both of which focus on supporting our accelerated growth. Hyphen looks forward to delivering new and innovative products as we continue to grow within our markets, while pursuing strategic acquisitions,” said Hyphen CEO Felix Vasquez.
GreyLion Capital, whose funds first invested with the Company in 2016, is committed to Hyphen's long-term growth and success and will remain a significant owner, said the company.
The latest infusion of capital will support Hyphen in scaling its new integrated payments solution, Hyphen Wallet, accelerate sales across new products such as SupplyPro GM, launch new workflow solutions, and support expansion into new markets and geographies via organic and inorganic growth initiatives.
“Following substantially expanded R&D investments over the past four years, Hyphen is now well positioned to continue growing its product offering to deliver accelerated growth and increased market share. We are pleased for Stone Point to join GreyLion and management in the next phase of growth and look forward to scaling these integrated payment solutions as Hyphen expands into new markets and grows its loyal customer base,” said Chip Baird, Co-Founder and Managing Partner of GreyLion Capital.t.
As part of the investment, Chip Baird and Henry Heinerscheid, Partners of GreyLion Capital, and Agha Khan and Rory Shaw, Senior Principal and Vice President, respectively, of Stone Point Capital, will join Vasquez, Hyphen's CEO on the Company's Board of Directors. David B. Deniger, the previous Chairman of the Board and the founding general partner of Hyphen Solutions sold a majority of his interest in the Company and will continue to serve as a member of the Board of Directors.