Press Release
FEBRUARY 27TH, 2024
Cloud Factory is excited to announce a strategic investment from Riverside Acceleration Capital (RAC). The details of the investment remain confidential.
The collaboration with RAC, a distinguished provider of growth capital, represents a pivotal moment for Cloud Factory. The investment will accelerate Cloud Factory's expansion, enhancing its ability to deliver premier cloud solutions to Managed Service Providers (MSPs) throughout Europe.
Cloud Factory has been outpacing the cloud market's annual growth rate of 22% by expanding at an impressive rate of 80% each year since 2020. The company has broadened its reach by opening new offices in Norway, Sweden, and the Netherlands.
RAC is acclaimed for its strategic investments in rapidly growing technology companies. Cloud Factory benefits significantly from RAC's expertise and resources as it continues to innovate and expand as a cloud distributor.
- We are thrilled to join forces with RAC. Their investment not only endorses our vision and team but also recognizes the vast potential of our cloud services and platform for MSPs. With RAC's backing, we are eager to fast-track our growth and enhance our service offerings.
Jacob Schmidt, Founder and CEO at Cloud Factory
- We see great potential in Cloud Factory and are thrilled to support their continued growth. Cloud Factory's dedication to providing top-quality cloud services perfectly aligns with our investment strategy. We are excited about the possibilities this partnership holds.
Christian Stein, Partner at RAC
About Riverside Acceleration Capital
Riverside Acceleration Capital (RAC), a part of The Riverside Company, provides growth capital to B2B software companies. Offering both growth equity and loans, RAC tailors its investments to meet the unique needs of its portfolio companies.
With offices in the US and Germany, RAC supports businesses across North America and Europe through its Growth Advisory Program, helping companies understand their market better and accelerate growth.
RAC's dedication to long-term relationships, global presence, and comprehensive support make it a preferred partner for tech companies on the rise.
The Standard
To all MSPs wondering what makes us different
MSPs are stuck with outdated platforms to deal with new and constantly evolving cloud solutions. We are here to challenge business as usual in cloud distribution – giving MSPs the time to grow their business.