CloudTrade, a leading provider of digital transaction services, has successfully secured its first investment round.
The company raised £2 million from Calculus Capital, aiming to enhance its presence in the US and EMEA, expand its team, and advance its research and development efforts.
Founded in 2010, CloudTrade is revolutionising the way businesses engage in transactions. Its cloud-based solutions enable companies to transcend paper reliance and embrace digital efficiency.
By connecting over 200 organisations with a vast network of trading partners, CloudTrade simplifies the exchange of e-invoices and e-orders, ensuring seamless operations.
With the recent infusion of £2 million, CloudTrade is poised to accelerate its expansion plans, particularly in the US and EMEA regions.
This funding will be pivotal in enhancing their team capabilities and driving innovation in complex data extraction solutions.
The focus will be on developing scalable technologies that can be integrated into diverse sectors.
David Cocks, co-founder and CEO, emphasised their commitment to proving their business model before seeking external funding. “We wanted to show a viable solution before investing other people’s money,” he said.
He further highlighted the company’s global growth, processing over 30,000 documents daily with a 40% annual increase.
The partnership with Calculus Capital is expected to catalyse further growth in both existing and new markets worldwide.
CloudTrade’s patented technology is a market leader in providing a simple, non-disruptive means for electronic transactions.
Richard Moore, Calculus Capital’s investment director, praised this technology for enabling seamless integration of documents into organisational systems.
This approach not only enhances efficiency but also offers valuable insights and data for comprehensive automation.
R&D advancements are focused on harnessing complex data extraction for innovative solutions across industries.
The integration of these advanced technologies is expected to open new market opportunities, further strengthening CloudTrade’s competitive edge.
By leveraging cutting-edge solutions, CloudTrade aims to redefine industry standards and set new benchmarks for digital transactions.
Welcoming Calculus Capital as an investor marks a significant milestone for CloudTrade’s strategic growth.
This collaboration aligns with the company’s vision of expanding its global footprint and pioneering new market segments.
The partnership holds potential to unlock diverse capabilities and drive sustained progress across various domains.
CloudTrade’s successful investment round signals a promising future, with significant plans for growth and innovation.
The secured funding and strategic partnership with Calculus Capital position the company for sustained success in evolving markets.
CloudTrade’s successful investment round signals a promising future, with significant plans for growth and innovation.
The secured funding and strategic partnership with Calculus Capital position the company for sustained success in evolving markets.