Cycad Group

Cycad Group is a venture capital firm based in Santa Barbara, California, specializing in equity investments in early to intermediate stage technology companies. Established with a focus on supporting innovative tech ventures, the firm operates with a relatively private profile. Its primary known fund, Cycad Group Fund I, L.P., was established in 2018 with a total capital commitment of $10 million. This fund size suggests a strategy focused on a concentrated portfolio, likely involving a mix of initial investments and follow-on capital for promising portfolio companies.

The firm's investment philosophy targets companies poised for significant growth within the technology sector. While public information on their most recent investment activities is limited, their historical portfolio includes notable companies such as AppFolio (APPF) and Procore (PCOR), both of which have achieved substantial market presence. These investments highlight Cycad Group's capacity to identify and back companies that can scale effectively, potentially indicating a preference for business models with clear paths to market leadership.

Given the $10 million fund size and their stated interest in early to intermediate stage companies, Cycad Group's typical initial check sizes would likely fall within a specific range. For a fund of this scale, initial investments often range from approximately $500,000 to $2,000,000, allowing for participation in multiple rounds and reserving capital for follow-on opportunities. The firm's limited public presence, including a "coming soon" website and a lack of recent public investment announcements since 2019, suggests a highly selective or private investment approach, or that the 2018 fund is largely deployed.