Boston, MA – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised CyberGrants, Inc. ("CyberGrants") on a significant growth equity investment from Waud Capital Partners, LLC. Capstone Partners acted as financial advisor to CyberGrants on this transaction, the terms of which were not disclosed.
Founded in 1999, CyberGrants is the leading provider of software-as-a-service (SaaS) solutions supporting employee engagement, grant management and corporate social responsibility. CyberGrants has delivered fully-hosted web-based SaaS solutions to many of the largest companies and foundations in the world, including 40% of the Fortune 100. Through its integrated grants management and employee engagement suite, CyberGrants connects companies, foundations, employees and not-for-profits to support the delivery of more than $2.5 billion of charitable giving annually.
Waud Capital Partners is a private equity investment firm founded in 1993 that partners with exceptional management teams to invest in middle-market growth equity investments, buyouts, industry consolidations, and recapitalizations. The firm seeks to invest $20 million to $100 million in private companies and focuses on healthcare services and business and technology services. The firm has successfully completed more than 160 investments since its founding and currently has approximately $1.3 billion of assets under management.