ScaleUp Group client CloudTrade, the leading provider of cloud-based e-invoicing is scaling up with help from ScaleUp Group and a £2 Million investment from Calculus Capital.

 

ScaleUp Group was formed to grow global champions by leveraging the expertise and connections of successful entrepreneurs who have collectively achieved £4Billion+ in exits.

 

Working in collaboration with the CloudTrade executive team, ScaleUp Group engaged in a focused set of activities to help underpin their growth plan and investment :-

▪️ identifying opportunities for growth

▪️development of key collateral and executive coaching

▪️orchestration of meetings with relevant investors based on SUG knowledge of, and credibility within, the tech investor community

▪️input on terms and valuation working with Calculus

 

…. allowing the CloudTrade team to continue driving their business whilst successfully raising growth capital to scaleup.

 

John O’Connell, Founder and Chairman of ScaleUp Group (SUG) said : “We were very happy to help develop CloudTrade’s growth strategy and introduce them to suitable investors in our network including Calculus …..” John continued .. “SUG members have also taken the opportunity to invest in CloudTrade and we look forward to supporting David and the team on the acceleration of their very successful journey so far.”  

CloudTrade was founded in 2010 by the current management is now one of the fastest growing e-invoice and e-document networks, connecting over 200 organisations to thousands of their trading partners. The scaleup investment funds will :-

▪️accelerate CloudTrade’s global growth which is already is 40% YOY globally (30,000+ documents processed per day)

▪️expand CloudTrade’s team plus

▪️deepen its R&D into complex data extraction to add value to the customer proposition.

 

David Cocks, CloudTrade’s co-founder and CEO, said : “We are delighted to be working with ScaleUp Group who quickly understood the opportunities for our business, helped shape our forward strategy and introduced us to compatible investors. We really like the model of ScaleUp Group members personally investing and offering their ongoing expertise and connections to underpin our growth ambition” 

CloudTrade follow SHE Software as SUG clients successfully raising significant ScaleUp investment with a strong pipeline lined up for the rest of 2018. Watch this space (scaleupgroup.co) for details of ScaleUp successes and events.