UpCloud secures €18 million funding to fuel growth

Jord · January 2020

Hi Jordan,
We are incredibly excited to announce that UpCloud has secured €18 million in equity and debt funding to expedite our international growth.

This investment round was led by Connected Capital & Partners, a Netherlands based B2B software growth investor and includes participation from Finnish Industry Investment, a Finnish state-owned investment company and Inventure, a Finnish Venture Capital company who also invested into UpCloud in 2016.

You can expect to see some thrilling news coming over the next 24 months! The new funding will be used to grow the product development, technology, sales and marketing teams and further develop new software-based products and features for you, our users. We also plan to recruit more than 100 new employees and launch more than 10 new data centres across all our key markets in Europe, Asia, and North America, as well as new markets such as Australia!

Read more about the funding news at the announcement and learn a bit about our history and goals.

Thank you to all our users for your continued trust in us!

Happy coding,
Team UpCloud

webclouddev · January 2020

im waiting for indian location from upcloud been using their san jose location solid network

BlaZe · January 2020

UpCloud is really a stable provider, more like BuyVM of the Europe.

Diamondz · January 2020

I've got a call from them when my ticket was open of routing issues with them. At the same time, Their sales rep of India rep called and said They're going to open a DC in Mumbai this year.

OVH is also opening their DC in India this year. Looking forward to see the competition in India