UpCloud raises new capital from Connected Capital and Inventure

UpCloud announces €18M round from Connected Capital & Inventure

UpCloud raises new capital from Connected Capital and Inventure

We are incredibly excited to announce that UpCloud has secured €18 million in equity and debt funding to expedite our international growth.

Over the next 24 months, we plan to recruit more than 100 new employees and launch more than 10 new data centres across all our key markets in Europe, Asia, and North America, as well as new markets such as Australia.

This investment round was led by Connected Capital & Partners, a Netherlands based B2B software growth investor and includes participation from Finnish Industry Investment, a Finnish state-owned investment company as well as Inventure, a Finnish Venture Capital company who also invested into UpCloud in 2016.

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