CyberGrants, Inc. ("CyberGrants") has been advised 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.

"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 focuses on healthcare services and business and technology services and has successfully completed more than 160 investments since its founding.

By partnering with Waud Capital Partners, CyberGrants gains the capital and management expertise to fuel its next phase of growth."