Cloudwerx raises $7M for expansion efforts
Sydney IT consultancy Cloudwerx has raised $7 million from CVC Emerging Companies Fund, its first external capital, to fund expansion, double staffing and pursue acquisitions.
Venture capital fund · 1 deal
Every published round CVC Emerging Companies Fund took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| EncompaaS | Unnamed stage | 8 Oct 2021 | $14m | Lead | SmartCompany, Startup Daily |
Companies CVC Emerging Companies Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| EncompaaS | 8 Oct 2021 | 1 | 1 |
Fund closes reported for CVC Emerging Companies Fund, as distinct from the investments it has made.
Companies CVC Emerging Companies Fund has backed that another company then bought. An exit for the holding, not a deal CVC Emerging Companies Fund did.
Stories naming CVC Emerging Companies Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney IT consultancy Cloudwerx has raised $7 million from CVC Emerging Companies Fund, its first external capital, to fund expansion, double staffing and pursue acquisitions.
Compliance software firm EncompaaS has secured a $14 million round co-led by three investors to develop its products and expand sales internationally, with new offices planned overseas.
Also SmartCompany