Total amount raised
$52 Million
Latest funding date
03/01/2025
Location
Cloudsmith has successfully raised funds over 5 rounds, with the latest being a Series B round involving 8 investors, including TCV as one of the lead investors. The platform offers a fully managed, cloud-native artifact management solution designed to control, secure, and distribute software artifacts.
Cloudsmith is backed by a total of 15 investors, with Sorenson Capital and Techstart Ventures being among the most recent. Keep reading to explore the intricacies of Cloudsmith's fundraising journey and the investors backing this innovative platform.
What Is Cloudsmith?
Cloudsmith is a cloud-native platform based in Belfast, United Kingdom, specializing in managing and distributing software artifacts. The company operates in various sectors, including cloud computing, cloud storage, content delivery networks, cyber security, developer tools, enterprise software, SaaS, and software security.
Employing between 51 and 100 people, Cloudsmith offers a fully managed solution designed to control, secure, and distribute software artifacts at an enterprise scale. The platform supports over 30 artifact formats and provides robust security features, including package scanning, policy management, and audit trails.
How Much Funding Has Cloudsmith Raised?
- Pre-Seed Round
- Amount Raised: $195,000
- Date: January 2019
- Lead Investors: Techstart Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Cloudsmith's cloud-native artifact management platform.
- Seed Round
- Amount Raised: $2,730,000
- Date: November 2019
- Lead Investors: Frontline Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A Round
- Amount Raised: $15,000,000
- Date: September 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company and enhance product offerings.
- Series A Round (Second Tranche)
- Amount Raised: $11,000,000
- Date: November 2023
- Lead Investors: MMC Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To focus on product vision, roadmap, and architecture, and to attract more enterprises and investors in the U.S.
- Series B Round
- Amount Raised: $23,000,000
- Date: March 2025
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive the next phase of growth, including hiring across sales, marketing, and customer success, and investing in R&D for new AI applications.
Total Amount Raised: $51,925,000. Current Valuation: Not publicly disclosed.
Key Investors
- TCV
- Details: TCV (Technology Crossover Ventures) is a leading provider of growth capital to technology companies. They have partnered with global, category-defining technology companies for nearly thirty years.
- Investment Focus Areas: Technology, software, internet, financial technology
- Notable Investments: Netflix, Facebook, Spotify, Airbnb
- MMC Ventures
- Details: MMC Ventures is a research-led venture capital firm that invests in early-stage, high-growth technology companies. They are based in London and focus on transformative technology sectors.
- Investment Focus Areas: AI, fintech, digital health, software
- Notable Investments: Gousto, Interactive Investor, Bloom & Wild
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that deploys capital globally in both public and private markets. They focus on technology-driven companies.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify, Stripe
- Frontline Ventures
- Details: Frontline Ventures is a venture capital firm that invests in early-stage B2B software companies. They focus on supporting companies that are building transformative technology solutions.
- Investment Focus Areas: B2B software, SaaS, enterprise technology
- Notable Investments: Verve, Boxever, CurrencyFair
- Techstart Ventures
- Details: Techstart Ventures is a seed investment partner for the best and most ambitious entrepreneurial founding teams in Northern Ireland and Scotland. They provide seed funding and support to early-stage technology companies.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Cloudsmith, PlotBox, Neurovalens
What's Next for Cloudsmith?
Cloudsmith stands at the cusp of significant growth opportunities, driven by the increasing importance of software supply chain security. With a focus on enhancing artifact management and expanding into large enterprises, the company is well-positioned to capitalize on the rising demand for secure software development practices. The recent $23 million Series B funding round will enable Cloudsmith to scale its operations, invest in AI research, and expand its sales and marketing teams.
Future fundraising opportunities appear promising as Cloudsmith continues to grow its enterprise customer base and innovate in software security. The company’s strategic shift towards large enterprises and its robust security features make it an attractive candidate for additional investment rounds. However, Cloudsmith will need to navigate challenges such as competition from established players like JFrog and Sonatype, and the rapidly evolving landscape of software vulnerabilities and compliance requirements.
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