Cloudsmith, a Belfast, Northern Ireland-based software supply chain management firm, secured an £8.8 million investment in funding.
SaaS Investors
The round was led by MMC Ventures.
Founded in 2020, MMC is a venture capital fund investing in early-stage, high-growth UK companies. Based in London, UK, the firm invests in technology companies at Seed and Series A.
Cloudsmith Use of Funds
The company will use the funding to increase operations for its global client base.
About Cloudsmith
Cloudsmith, founded in 2016 by Alan Carson and Lee Skillen, Cloudsmith is a developer of a cloud-based platform designed for software supply chain management. The company's platform streamlines and controls software supply chains, providing a suite of artefact storage, management, and distribution solutions. Its software supply chain management platform is designed to meet the needs of software teams building for internal use or distributing software packages to the market. Its global client base includes leading software companies such as Shopify, PagerDuty, Font Awesome, HP, and EnterpriseDB.
Funding Details
Company: Cloudsmith Ltd.
Raised: £8.8M
Round: Unknown
Funding Month: November 2023
Lead Investors: MMC Ventures
Additional Investors:
Company Website: https://cloudsmith.com/
Software Category: Supply Chain Management Software
Source: https://www.shropshirestar.com/news/science-and-technology/2023/11/28/software-firm-cloudsmith-announces-88m-investment/