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.
50% of their portfolio is in Healthcare. They made 1 investment in the last 12 months. Average disclosed round size is $88.5M (across 10 rounds with reported amounts).
Portfolio
6
Fund Size
—
Top Stage
Series D
Last 12 Mo
1
Team
RK
R. Kent Mcgaughy
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Beacon Software | Series B | $250M | Nov 2025 |
 Augmedics | Series D | $82.5M | Jun 2023 |
 LeafLink | Series D | $100M | Feb 2023 |
| Augmedics | Series D | $82.5M | Jan 2023 |
 Provi | Series C | $75M | Sep 2021 |
| Provi | Series B | $25M | Jan 2021 |
 PROCEPT BioRobotics | Series G | $85M | Jan 2018 |
| PROCEPT BioRobotics | Series E | $118M | Jan 2015 |
 Ossium Health | Series C | $52M | — |
| Augmedics | Series B | $15M | — |
Top Co-Investors
Nosara Capital3 shared
D1 Capital Partners2 shared
gener8tor2 shared
Bessemer Venture Partners2 shared
AMD Ventures2 shared
Evidity Health Capital2 shared
General Catalyst2 shared
Longitude Capital2 shared
private angel investors1 shared
Global Founders Capital1 shared
L2 Ventures1 shared
Founders Fund1 shared
H.I.G. Growth Partners1 shared
Asahi Kasei1 shared
Alumni Ventures1 shared
Gaingels1 shared
First Round Capital1 shared
Vivo Capital1 shared
Manta Ray Ventures1 shared
H.I.G. BioHealth Partners1 shared
Last updated: 20 October 2026