Total amount raised
$52 Millions
Latest funding date
03/01/2025
Location
Cloudsmith has successfully raised funds through multiple rounds, with the most recent being a Series B round closed on March 3, 2025. The company has a diverse investor base, including notable firms like Sorenson Capital and Techstart Ventures.
Cloudsmith offers a fully managed, cloud-native artifact management platform designed to control, secure, and distribute software artifacts. Keep reading to explore the intricacies of Cloudsmith's fundraising journey and the investors backing this innovative platform.
What Is Cloudsmith?
Cloudsmith, founded on January 1, 2016, is a cloud-native artifact management platform based in Belfast, United Kingdom. The company was established by Alan Carson and Lee Skillen.
Operating within industries such as cloud computing, cybersecurity, and enterprise software, Cloudsmith employs between 51-100 people. The platform offers a centralized solution for managing and distributing software artifacts, supporting a wide range of package formats and providing robust security features.
How Much Funding Has Cloudsmith Raised?
- Pre-Seed Round
- Amount Raised: $150,000
- Date: January 2019
- Lead Investors: Techstart Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their cloud-native artifact management platform.
- Seed Round
- Amount Raised: $2.1 million
- 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 million
- Date: September 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series A Round (Additional)
- Amount Raised: $11 million
- Date: November 2023
- Lead Investors: MMC Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support leadership transition and focus on product vision and architecture.
- Series B Round
- Amount Raised: $23 million
- Date: March 2025
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand sales, marketing, and customer success teams, and invest in AI R&D.
Total Amount Raised: $51.25 million
Current Valuation: Not publicly disclosed
Key Investors
- TCV
- Details: TCV (Technology Crossover Ventures) is a private equity and venture capital firm. They have been partnering with technology companies for nearly thirty years.
- Investment Focus Areas: Technology, internet, software, financial technology.
- Notable Investments: Netflix, Facebook, Spotify.
- MMC Ventures
- Details: MMC Ventures is a London-based venture capital firm that invests in early-stage, high-growth technology companies. They are known for supporting innovative companies.
- Investment Focus Areas: Fintech, AI, digital health, software.
- Notable Investments: Gousto, Interactive Investor, Bloom & Wild.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global internet, software, consumer, and financial technology industries. They have a strong emphasis on technology-driven companies.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: LinkedIn, Stripe, JD.com.
- Frontline Ventures
- Details: Frontline Ventures is a venture capital firm that invests in early-stage B2B software companies. They focus on supporting companies in the SaaS and enterprise software sectors.
- Investment Focus Areas: B2B software, SaaS, enterprise software, fintech.
- Notable Investments: Veriff, Signal AI, Boxever.
- Techstart Ventures
- Details: Techstart Ventures is a seed investment partner for entrepreneurial founding teams in Scotland and Northern Ireland. They provide seed capital 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, driven by the increasing importance of software supply chain security. With a fresh $23 million in funding, the company is poised to expand its sales, marketing, and customer success teams, and invest in AI research and development. This positions Cloudsmith to capture a larger share of the market, particularly in the U.S., where 75% of its revenue already originates.
Future fundraising opportunities seem promising, given the strong backing from investors like TCV and Insight Partners. As Cloudsmith continues to innovate and expand its customer base, additional funding rounds could further accelerate its growth and market reach. However, the company will need to navigate challenges such as competition from established players like JFrog and Sonatype, and the rapidly evolving landscape of software threats and compliance requirements.
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