What is CloudMine?
CloudMine operates within the Business Services industry, employing between 10 to 19 individuals and generating revenue in the range of $1M to $5M. The company's focus on business services positions it to address a critical need for operational efficiency and strategic support for other enterprises. Its consistent access to capital suggests a scalable business model with a clear path toward market penetration and service enhancement.
How much funding has CloudMine raised?
CloudMine has raised a total of $19.2M across 6 funding rounds:
Unspecified
$100K
Debt
$1.4M
Private Equity
$7.2M
Series A
$5M
Private Equity
$2.9M
Debt
$2.5M
Unspecified (2012): $100K with participation from Ben Franklin Technology Partners of Southeastern Pennsylvania
Debt (2014): $1.4M led by Undisclosed
Private Equity (2015): $7.2M, investors not publicly disclosed
Series A (2015): $5M featuring Mid-Atlantic Angel Group, Ben Franklin Technology Partners, DeSimone Group Investments, Dreamit Ventures, Safeguard Scientifics, Robin Hood Ventures, and MentorTech Ventures
Private Equity (2017): $2.9M backed by Safeguard Scientifics
Debt (2017): $2.5M with participation from MentorTech Ventures
Key Investors in CloudMine
Ben Franklin Technology Partners of Southeastern Pennsylvania
Ben Franklin Technology Partners is a key backer, known for its support of technology-driven companies and fostering innovation within its regional ecosystem. Their involvement suggests a strategic alignment with CloudMine's growth objectives.
MentorTech Ventures
MentorTech Ventures, an early-stage venture capital fund with a focus on companies connected to the University of Pennsylvania, provides strategic capital and expertise. Their investment indicates confidence in CloudMine's potential for high-growth.
Mid-Atlantic Angel Group
The Mid-Atlantic Angel Group focuses on bridging the gap between angel and institutional venture capital, supporting startups in the Greater Philadelphia Region. Their participation highlights CloudMine's strong regional ties and potential for significant scaling.
What's next for CloudMine?
The substantial enterprise-level funding and recent strategic investment signal CloudMine's readiness for an accelerated growth phase. This capital infusion is likely to be directed towards expanding its service offerings, enhancing its technological infrastructure, and broadening its market reach. Strategic partnerships and further development of its core business services are anticipated as CloudMine leverages this financial backing to solidify its competitive advantage and pursue new opportunities within the business services sector.
See full CloudMine company page
