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 · 3 deals
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 | |
| Portt | Unnamed stage | 2021 | $4m | Lead | Startup Daily (Tue 8 Mar 2022), Startup Daily (Mon 17 Feb 2020) | |
| NodeOne | Unnamed stage | 26 Jul 2020 | - | Participant | ARN (ARNnet) (Mon 16 May 2022), ARN (ARNnet) (Thu 25 Nov 2021), Startup Daily, ARN (ARNnet) (Sun 26 Jul 2020) |
Companies CVC Emerging Companies Fund has backed in a published round, and companies whose existing shares it bought off another holder.
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
Western Australian fixed wireless provider NodeOne received investment from Tattarang and CVC to expand its network and business offering; the Forrest family also previously took a stake in Swoop.
Atlassian announced buying Slack startup Halp; Twitter made remote work permanent; Facebook agreed US$52m moderator settlement; Tesla restarted output; Ai-Media bought ACS after a A$10.3 million raise.
Sydney procurement software firm Portt has taken its first outside funding, a $4 million round led by CVC Emerging Companies Fund, after a decade bootstrapping, to expand supply chain transparency and tackle modern slavery risks.
Also Startup Daily