Cloud2 Oy
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Cloud2 Oy - overview
Established
2017
Location
Helsinki, -, Finland
Primary Industry
Software
About
Based in Helsinki, Finland, and founded in 2017 by its CEO, Henri Grönlund, Vice President, Pekka Kujala, CTA, Kimmo Hassinen, and Director, Cloud Operations, Tagoror Sundstrom, Cloud2 Oy, operates as a provider of managed cloud and cloud consulting services. In May 2022, CapMan invested in Cloud2 Oy. As of 2022, the company has 60 employees. The company’s customer base includes companies like Finavia, Omexom, Restel, Finnlines, and many more.
The company offers various information technology services that include cloud maintenance / managed cloud, traditional technologies in the cloud era, cloud governance-as-a-service, cloud brokerage, working in the cloud, and cloud consulting solutions. The company’s services expertise is in Devops, AWS, Azure, GCP, VMware, Nutanix, Citrix Cloud, Cloudflare, Druva, cloud networking, site reliability engineering, cloud automation, cloud strategy, cloud migration, terraform, and many more. The company generates revenue by charging various monthly plans for cloud services that vary from EUR 5,000 to EUR 10,000. The company plans to use the May 2022 investment to accelerate its growth.
Current Investors
CapMan
Primary Industry
Software
Sub Industries
IT Infrastructure, Storage Management Software
Website
www.cloud2.fi
Verticals
Cloud Computing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Cloud2 Oy - timeline of key events
Cloud2 Oy - financials
| Fiscal Year Ended | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,237,806.6 | 4,306,743.8 | 6,106,948.7 | 8,567,558.5 | - | - | - |
| % Revenue Growth (YoY) | - | 92.5% | 41.8% | 40.3% | - | - | - |
| EBITDA (USD) | 226,381.1 | 532,324.1 | 871,404 | 1,308,123.7 | - | - | - |
| Operating Income (USD) | 224,811.4 | 523,966 | 863,385.5 | 1,300,359.8 | - | - | - |
| Operating Margin | 10.0% | 12.2% | 14.1% | 15.2% | - | - | - |
| % EBITDA Margin | 10.1% | 12.4% | 14.3% | 15.3% | - | - | - |
| NET Income (USD) | 177,380.5 | 413,886.9 | 686,763.8 | 1,037,177.9 | - | - | - |
| % Net Margin | 7.9% | 9.6% | 11.2% | 12.1% | - | - | - |
Cloud2 Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Cloud2 Oy | - |
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Cloud2 Oy - employee data
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