The most important rounds in European Cloud Computing in 2017

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BY : Diego GutiérrezOctober Wed, 2017
We analyse the main financing rounds in the Cloud Computing sector in Europe, an important sector of the ICT ecosystem that has seen few M&A deals in 2017 (48 rounds and 12 acquisitions) compared to 2016 at this time (140 rounds and 30 acquisitions).

The most important rounds in European Cloud Computing in 2017


1. Improbable receives $502M for its virtual worlds platform

Unlikelythe London-based startup that has developed a platform that allows users to build immense virtual and simulated worlds, has closed a large round of funding with the aim of further developing its technology and expanding its developer ecosystem. The company, which also has offices in San Francisco, raised $502M in a round led by SoftBank, joined by previous investors Andreessen Horowitz and Horizons Ventures.

2. Oodrive, the French SaaS company, raises €65M

The French company specialises in Software as a Service solutions for secure management of confidential data. Oodrive has closed a €65M funding round led by Tikehau Capital, MI3 and NextStage. This is the largest fundraising by an unlisted French software developer in history. This funding will enable Oodrive to strengthen its leading position in the French and European markets and accelerate its international expansion.

3. Switzerland's Biovotion closes €11M round

The Swiss company Biovotionspecialising in the development of wearables for vital signs monitoring and cloud-based data analysis and management, has received more than €11M in an investment round. The deal was led by Swiss Re, one of the world's largest reinsurers, and Harmony Medical Inc, a Hong Kong-based investment group.

4. Apica, the Swedish web performance specialist, acquires $12M

Apica is a Sweden-based company that develops web load and performance monitoring tools to optimise the performance of mobile applications and cloud platforms. The company has raised $12M in a round led by Oxx, backed by investors SEB Venture CapitalNordic Investment Bank, KTH Chalmers Capital and Industrifonden.

5. iExec blockchain-enabled cloud computing platform receives $12M

The French company iExeciExec, the first distributed cloud computing platform based on Blockchain, has raised $12M in the largest ICO (Initial Coin Offering) in history in order to develop its technology. The iExec team will now start working on building a distributed computing network that will allow anyone anywhere in the world to get computing resources through the cloud.

6. Ireland's Blueface raises €10M for international expansion

Irish cloud telephony company Blueface has closed a €10M financing round led by BDO Development Capital Fund to accelerate its international expansion plans. This is the largest single investment made by the BDO fund. With this investment Blueface, which employs 50 people in Dublin, will look to increase its workforce by 80 people across its markets in Ireland, Europe and the US over the next five years.


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