Tech Company Financing Transactions
CloudFactory Funding Round
CloudFactory, operating out of Durham, raised $65 million from FTV Capital and Weatherford Capital.
Transaction Overview
Company Name
Announced On
11/21/2019
Transaction Type
Venture Equity
Amount
$65,000,000
Round
Undisclosed
Investors
FTV Capital (Lead Investor) (Alex Mason)
Proceeds Purpose
With this growth equity investment, CloudFactory plans to invest in three core areas: Workforce development, education and training; Global market awareness and business development and Technology advancement.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
103 West Main St.
Durham, NC 27701
USA
Durham, NC 27701
USA
Phone
Website
Email Address
Overview
CloudFactory is changing how the world works, driven by their belief that talent is equally distributed around the world, but opportunity is not. They're on an ambitious mission to create meaningful work for one million people in the developing world while raising them up as leaders to address poverty in their communities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mark Sears
Chief Financial Officer
Cary Smith
General Manager
Jon Beardsley
General Manager
John Snowden
Vice President
Robina Maharjan
VP - Client Services
Paul Christianson
VP - Human Resources
Toby Bassford
VP - Marketing
Keisha McKenzie
VP - Product Management
Damian Rochman
VP - Sales
Michael Riegel
Browse more venture capital transactions:
Prev: 11/21/2019: Studs venture capital transaction
Next: 11/21/2019: Inhabitr venture capital transaction
Share this article
Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records on this site are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs