# Nordcloud

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

- Industry: Business Support Services
- Headquarters: Helsinki, Finland
- Website: www.nordcloud.com
- Total disclosed funding: $23M
- Latest round: Series A (Feb 7, 2019)
- Investors on record: 2

## About

Nordcloud GmbH provides comprehensive cloud services tailored for businesses to enhance their digital transformation, including consulting, migration, managed services, and training across major cloud platforms.Nordcloud GmbH, founded in 2011 in Helsinki, Finland, specializes in cloud services for businesses. The company has undergone notable changes since its inception, culminating in its acquisition by IBM Corporation in December 2020, although financial details of the acquisition were not disclosed. Under the leadership of CEOs Fernando Herrera, Jan Kritz, and Olivier Bandle, Nordcloud has established itself as a key player in the cloud services sector.Nordcloud specializes in cloud strategy consulting, migration services, managed cloud services, and training programs across major platforms like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. Its solutions address diverse business needs, enabling operational efficiency and secure infrastructure transitions. The company serves a wide range of industries including automotive, financial services, healthcare, and public sectors, with projects executed in the United Kingdom, Poland, Germany, and the Netherlands.In 2023, Nordcloud reported a revenue of EUR 168,662,536.80 with an EBITDA of EUR -73,960,069. The company's revenue is generated through managed services, consulting, and training programs, focusing on long-term contractual relationships with clients to manage their cloud environments effectively.Nordcloud plans to leverage its recent funding from the Series A round in December 2020, amounting to EUR 20.000 mn, to expand its cloud service offerings and enhance operational capabilities. The company aims to enter new markets, increasing its presence in regions beyond Europe by 2025, and is also focusing on developing new cloud solutions targeted at specific industry needs to drive future growth.

## Funding rounds

- Series A, Feb 7, 2019, $23M — Finnvera, OP Corporate Bank Plc

## Investors

- Finnvera (https://capitalatlas.ai/funds/finnvera) — Series A
- OP Corporate Bank Plc — Series A