With the leading private connectivity platform designed for the cloud era, InterCloud enables enterprises to take control over their cloud applications in order to shape the right connectivity for the delivery of corporate data anywhere, securely, and efficiently.
InterCloud’s Cloud Delivery Platform serves tier-one client references (Criteo, Société Générale, Schneider Electric, Veolia) with an innovative business model to deliver cloud services to hundreds of thousands of users globally in partnership with essential Cloud platforms such as Salesforce™, Microsoft™ Azure or Amazon™ Web Services.
Pulled by the outstanding growth trend of the Private/Public Cloud computing markets, InterCloud has experienced double-digit growth in a sector where SaaS alone (the largest segment of the public cloud) has grown from $78bn in 2015 to $116bn in 2016.
“The demand for our service is booming, driven by the increasingly global implementation of cloud services by enterprises. Faced with performance and security issues, large corporations now have a unified delivery solution for all of their cloud services”, said Jérôme Dilouya, CEO of InterCloud.
The company had previously raised EUR 5M funding from business angels as well as an A round with CapHorn and Ventech. “This EUR 10M investment is a new milestone for InterCloud in its ambition to expand internationally while also extending its innovative cloud connectivity platform“, said Sandrine Vergnory-Mion, Principal at Drake Star Partners.
Drake Star added: "We have now advised InterCloud on its last two financing rounds. The InterCloud team is making huge leaps forward with significant client signings and a compelling value proposition spreading worldwide.”
Drake Star has acted as an exclusive financial advisor to InterCloud.
InterCloud provides enterprises with control over the global delivery of their cloud applications. InterCloud offers them a service-oriented platform to shape their connectivity in order to support existing or future cloud applications. With the first private connectivity platform designed for the cloud era, InterCloud helps enterprises solve security, performance and flexibility issues while leveraging multiple public clouds to support their business goals and IT strategy.
For more information, visit www.intercloud.com
About Hi Inov
Founded in 2012 by Pierre-Henri Dentressangle (President) and Valérie Gombart (Chief Executive Officer), Hi Inov SAS is the venture capital arm of Dentressangle Initiatives. Its first fund Hi Inov 1, which most of the € 40m of capital results from industry and service entrepreneurs targets innovative young companies of the digital economy in e-services, mobile Internet, industrial Iot, retail technologies and SaaS dedicated to the digitization of large corporations. Since 2015, Hi inov has been managing the € 30m SNCF Digital Ventures fund, to invest in start-ups accelerating the digital mutation of SNCF group.
For more information, visit www.hiinov.com
About SNCF Digital Ventures
Since October 2015, Hi Inov has been managing for SNCF the € 30 million SNCF Digital Ventures fund, which invests in young companies in the digital ecosystem in amounts ranging from € 0,5m to € 4m. industrial Iot, big data, mobile applications dedicated to information and customer service, the fund aims to take part on a wide range of domains.
Equity investment are operated by Bpifrance Investissement. Bpifrance, a subsidiary of the French state and the Caisse des Dépôts and the entrepreneurs’ trusted partner, finances businesses from the seed phase to IPO, through loans, guarantees and equity investments. Bpifrance also provides operational services and strong support for innovation, export, and external growth in parnertship with Business France. Bpifrance offers to businesses a large range of financing opportunities at each key step of their development, including offers adapted to regional specificities. With its 47 regional offices (90% of decisions are made locally) Bpifrance represents a strategic tool for economic competitiveness dedicated to entrepreneurs. Bpifrance acts as a back-up for initiatives driven by the French State and the Regions to tackle 3 goals:
- Contributing to SME’s growth
- Preparing tomorrow’s competitiveness
- Contributing to the development of a positive entrepreneur ecosystem.
With Bpifrance, businesses benefit from a powerful, efficient and close representative, to answer all their needs in terms of financing, innovation and investment.
For more information, visit www.bpifrance.fr
About CapHorn Invest
CapHorn Invest is a venture capital fund that manages more than € 150 million and brings together more than 200 high level business executives, industrial families and institutional LPs to support a portfolio of 20 companies. We invest in innovative SMEs who transform, through digital and new uses, traditional markets.
Our team relies on its unique network of investors to give our 20 companies a fast and direct access to industry decision makers. CapHorn Invest brings them valuable experience and business contacts to take them faster to success and generate Fund performance.
For more information, visit www.caphorninvest.fr
Ventech, one of Europe’s leading venture capital firms, invests through offices in Paris, Munich and Helsinki into high-growth companies with activities in the digital economy (internet, media, e-commerce, mobile, software and communications infrastructures). Ventech also runs a local team based in Shanghai which manages a dedicated regional fund while offering business development support in Asia for European portfolio companies. With more than 650M€ raised since 1998, Ventech has invested in over 120 companies in Europe, China, Russia and in the US. Current active investments in Europe include successful high growth companies such as Augure, Believe Digital, Ogury, Picanova, Speexx, StickyADS.tv (recently acquired by Comcast), Unilend, Vestiaire Collective, Webedia or Withings (recently acquired by Nokia).
For more information, visit www.ventechvc.com
About Drake Star