What is UpCloud?
Founded in 2011 and headquartered in Helsinki, Finland, UpCloud is a European cloud service provider. The company offers cloud servers on an hourly billed infrastructure-as-a-service model, operating data centers globally. UpCloud positions itself as a competitive alternative in the cloud infrastructure market, focusing on performance and flexible billing for its clients.
How much funding has UpCloud raised?
UpCloud has raised a total of $24.2M across 2 funding rounds:
Series A
$4.2M
Private Equity
$20M
Series A (2016): $4.2M with participation from Inventure
Private Equity (2020): $20M led by Inventure, Finnish Industry Investment, and Connected Capital & Partners
Key Investors in UpCloud
Inventure
Inventure is an early-stage venture capital firm that invests in technology companies. They focus on backing ambitious founders and disruptive technologies, aiming to support companies through their growth phases.
Finnish Industry Investment
Finnish Industry Investment (Tesi) is a venture capital company that invests in Finnish growth companies. They aim to foster the growth and internationalization of Finnish businesses by providing capital and strategic support.
Connected Capital & Partners
Undisclosed investor participating in the funding round.
What's next for UpCloud?
The substantial enterprise-level funding and recent strategic investment indicate UpCloud is poised for significant expansion. This capital infusion will likely fuel further development of its global data center footprint, enhance its service offerings, and potentially drive market share acquisition against larger competitors. Strategic partnerships and technological advancements are anticipated as the company leverages this financial backing to solidify its position in the competitive cloud computing industry.
See full UpCloud company page
