What is CloudMine?
CloudMine operates within the dynamic Business Services industry, characterized by its focus on delivering solutions that enhance operational efficiency for its clientele. With a team size estimated between 10 to 19 employees and reported revenues in the range of $1M to $5M, CloudMine is positioned as a growing entity in its market. The company's strategic capital infusions suggest a commitment to scaling its operations and potentially expanding its service offerings to meet evolving market demands.
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 Ben Franklin Technology Partners, Mid-Atlantic Angel Group, Safeguard Scientifics, Dreamit Ventures, Robin Hood Ventures, DeSimone Group Investments, 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
Ben Franklin Technology Partners is a venture capital firm focused on investing in and supporting technology-driven companies. They provide capital and strategic guidance to foster innovation and growth within their portfolio.
Mid-Atlantic Angel Group
The Mid-Atlantic Angel Group is an angel investment organization that bridges the gap between angel funding and institutional venture capital. They focus on providing capital and opportunities for involvement in early-stage companies within the Greater Philadelphia Region.
Safeguard Scientifics
Safeguard Scientifics is a venture capital and private equity firm that invests in technology-driven businesses. They provide capital and expertise to fuel the growth of companies in sectors such as healthcare, financial services, and digital media.
What's next for CloudMine?
The recent major strategic investment signals a pivotal phase for CloudMine. This capital infusion is likely earmarked for accelerating product development, expanding market reach, and potentially exploring strategic partnerships. Given the enterprise-level nature of its funding, CloudMine is poised to enhance its competitive edge, possibly through technological advancements or market consolidation. The company's trajectory indicates a focus on sustained growth and solidifying its presence in the business services landscape.
See full CloudMine company page
