# CloudPay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudpay

- Industry: Software
- Headquarters: Hampshire, UK
- Website: www.cloudpay.net
- Total disclosed funding: $134M
- Latest round: Series D (Jul 29, 2021)
- Investors on record: 4

## About

Founded in 1996 in the UK, CloudPay Inc. specializes in delivering comprehensive payroll services through a cloud-based platform. The company has undergone successful funding rounds, with its latest round raising USD 120.00 mn led by Blue Owl Capital. The firm has completed 10 deals to date. In August 2024, CloudPay Inc. raised USD 120 million of venture funding led by Blue Owl Capital, with participation from RHO Capital Partners, Olayan Group and Hollyport Capital.

CloudPay specializes in providing comprehensive global payroll solutions that are fully managed and unified on a single platform. Their core offerings include global payroll management, salary payment services, and pay-on-demand capabilities, all facilitated through a cloud-based system designed for seamless integration. The company's services aim to simplify payroll processes, enhance payment reliability, and offer flexible pay options, thereby addressing the complexities of managing payroll across diverse jurisdictions. Their clients typically include multinational corporations and organizations that require efficient payroll management for a global workforce, with a service footprint that spans numerous countries worldwide, ensuring compliance with local regulations and practices. CloudPay partners with prominent HCM technology providers to enhance their service delivery, catering to businesses in various industries looking for high-performance payroll solutions.

The company intends to use the August 2024 funding to strengthen CloudPay's capital base and provide flexibility for future growth opportunities.

## Funding rounds

- Series D, Jul 29, 2021, $48M — RHO, Olayan Group, Pinnacle Ventures
- Series D, Aug 4, 2020, $35M — RHO, Pinnacle Ventures, Runway Growth Capital
- Series B, May 19, 2017, $5M — RHO
- Series B, Dec 5, 2012, $16M — RHO, Pinnacle Ventures
- Series A, Dec 17, 2008, $30M — RHO

## Investors

- RHO (https://capitalatlas.ai/funds/rho) — Series A, Series B, Series D
- Pinnacle Ventures (https://capitalatlas.ai/funds/pinnacle-ventures) — Series B, Series D
- Runway Growth Capital — Series D
- Olayan Group (https://capitalatlas.ai/funds/olayan-group) — Series D