Sofia-based Cloud Office secures €2 million aiming to become the leading Google Cloud partner in EMEA

Cloud Office, a quickly expanding Google Cloud Companion headquartered in Bulgaria, has actually revealed a EUR2 million financial investment from Eleven Ventures, a famous financial backing company in Central and Eastern Europe. This financing will certainly sustain Cloud Workplace’s development right into Greece, where it prepares to develop a neighborhood workplace and group, mirroring increasing need for innovative cloud and AI solutions in the area.

Established In 2019 by Dimitar Pavlov, with founders Chavdar Trendafilov, Dimitar Chakarov, Ivo Zimbilev, Georgi Gocev, and Ivan Dobrinov signing up with soon after, Cloud Workplace has actually developed itself as a leader in cloud solutions for facility, mission-critical jobs. The firm’s founder-led framework covers crucial divisions such as system design, shipment, sales, and procedures, making it possible for a solid concentrate on high quality and fast task shipment. Cloud Workplace currently sustains over 650 customers throughout EMEA, leveraging a group of 60+ designers to take care of complicated jobs with high degrees of technological advancement.

” I keep in mind strongly among our initial Google Work space movements, a tiny bookkeeping firm with 2 workers,” shared Dimitar Pavlov, owner of Cloud Workplace. ” We invested a complete day on the movement, training, and make use of situation descriptions. Although the regular monthly profits was simply 5 euros, we acquired a pleased consumer. We have actually kept this customer-first society despite dimension, intending to be one of the most well-known and favored Google Cloud Companion in EMEA.”

The firm’s development was lately identified with the Google Cloud Companion of the Year 2024 honor in the Development group, highlighting Cloud Workplace’s dedication to top quality solution shipment. The brand-new financial investment will certainly enable Cloud Workplace to more enhance its visibility in Greece, which will certainly be led by Nation Head Konstantinos Kalogerakis, sustaining connections with significant Greek companies and increasing its reach within the neighborhood market.

Svetlozar Georgiev of Eleven Ventures kept in mind: “While I understood among Cloud Workplace’s creators, I really did not value the range and substantial possibility of their company till we began discussing the financial investment. Their company design has a reoccuring profits stream of marketing Google’s and JumpCloud items, incorporated with a high-margin solutions stream. Both enhance each various other in a great flywheel. We were likewise thrilled by their deep AI knowledge, shown by extremely innovative jobs for local market leaders.”

Reviewing the brand-new stage of development, founder Ivo Zimbilev included: ” As our company remains to expand greatly in a very open market, we have actually encountered distinct difficulties. This financial investment opens possibilities that were formerly unreachable or restricted in range. The best benefit, nevertheless, is not something that can be conveniently determined– it’s the worth of having actually experienced companions by our side. With Eleven’s assistance, I am delighted for the future as our groups in Greece, Bulgaria, and the UK broaden, aiding our consumers satisfy the difficulties of this brand-new globe.”

With this financing, Cloud Workplace intends to boost Google Cloud’s visibility in Greece and strengthen its placement as a leading Google Cloud Companion in EMEA, satisfying the expanding cloud requires throughout the area.

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