Cloudfind secures investment from new venture capital firm

Bath-based business software start-up Cloudfind has raised £600,000 so that it can grow out its enterprise information management product.

Freshly-launched venture capital house Thorium Technology Investors are joining an investment round into Cloudfind alongside angel backers.

Thorium held its launch event during London Technology Week, and has a self-declared interest in business-to-business (B2B) technology start-ups. It will be investing in UK-based businesses which are raising post-friends and family and pre-Series A finance.

Founded in 2010, Cloudfind provides a suite of tools relating to the tagging of digital files based on keywords. Businesses can then find, share and organise information in the cloud, and integrate with other third-party cloud storage and collaboration platforms.

Cloudfind now plans to take ‘enterprise information management into the “Digital Jetstream”‘.

Sebastian Toke-Nichols, co-founder and CEO of Cloudfind, comments, ‘Our vision of the Digital Jetstream is all about helping businesses go beyond the cloud, to where information flows effortlessly, accurately and efficiently.

‘This latest funding will help us realise that vision, and help thousands of businesses worldwide unlock the full benefit of moving to the cloud.’

Back in November 2013, Cloudfind secured £460,000 of investment – taking its total funding to date to £700,000. The company said then that it was planning to hire up to 20 new staff during 2014 to develop its technology further and ‘tap worldwide market potential’.

Alongside Thorium Technology Investors, Cloudfind is also supported by angel investors including former executives from Geneva and LinkDex.

Hunter Ruthven

Hunter Ruthven

Hunter was the Editor for from 2012 to 2014, before moving on to Caspian Media Ltd to be Editor of Real Business.

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Early Stage Funding