CPMG is the investment arm of Dallas-based Cardinal Investment Company. Founded in 1974, the firm specializes in growth equity and later-stage/expansion-stage transactions and maintains a low public profile regarding its investment activity.
43% of their portfolio is in E-Commerce & Marketplace. Their most common stage is series-d (43% of deals). Average disclosed round size is $61.7M (across 7 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Series D
Last 12 Mo
0
Team
RK
R. Kent Mcgaughy
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
7 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Augmedics, Inc. | Series D | $82.5M | Jun 2023 |
 LeafLink | Series D | $100M | Feb 2023 |
| AAugmedics | Series D | $82.5M | Jan 2023 |
 Provi | Series C | $75M | Sep 2021 |
| Provi | Series B | $25M | Jan 2021 |
 Ossium Health | Series C | $52M | — |
| AAugmedics | Series B | $15M | — |
Top Co-Investors
Nosara Capital3 shared
Bessemer Venture Partners2 shared
Evidity Health Capital2 shared
D1 Capital Partners1 shared
L2 Ventures1 shared
H.I.G. Growth Partners1 shared
AMD Ventures1 shared
Asahi Kasei1 shared
Alumni Ventures1 shared
Gaingels1 shared
First Round Capital1 shared
Vivo Capital1 shared
Manta Ray Ventures1 shared
Last updated: 8 September 2026