Cloud Workplace, a quickly rising Google Cloud Accomplice headquartered in Bulgaria, has introduced a €2 million funding from Eleven Ventures, a distinguished enterprise capital agency in Central and Japanese Europe. This funding will assist Cloud Workplace’s growth into Greece, the place it plans to determine a neighborhood workplace and group, reflecting rising demand for superior cloud and AI companies within the area.
Based in 2019 by Dimitar Pavlov, with co-founders Chavdar Trendafilov, Dimitar Chakarov, Ivo Zimbilev, Georgi Gocev, and Ivan Dobrinov becoming a member of shortly after, Cloud Workplace has established itself as a frontrunner in cloud companies for complicated, mission-critical initiatives. The corporate’s founder-led construction spans key departments akin to system structure, supply, gross sales, and operations, enabling a robust deal with high quality and speedy challenge supply. Cloud Workplace now helps over 650 shoppers throughout EMEA, leveraging a group of 60+ engineers to deal with complicated initiatives with excessive ranges of technical innovation.
“I keep in mind vividly one in all our first Google Workspace migrations, a small accounting firm with 2 workers,” shared Dimitar Pavlov, founding father of Cloud Workplace. “We spent a full day on the migration, coaching, and use case explanations. Regardless that the month-to-month income was simply 5 euros, we gained a contented buyer. We’ve maintained this customer-first tradition no matter dimension, aiming to be essentially the most recognizable and most popular Google Cloud Accomplice in EMEA.”
The corporate’s development was just lately recognised with the Google Cloud Accomplice of the 12 months 2024 award within the Enlargement class, underscoring Cloud Workplace’s dedication to high-quality service supply. The brand new funding will enable Cloud Workplace to additional strengthen its presence in Greece, which shall be led by Nation Head Konstantinos Kalogerakis, supporting relationships with main Greek organizations and increasing its attain inside the native market.
Svetlozar Georgiev of Eleven Ventures famous: “Whereas I knew one in all Cloud Workplace’s founders, I didn’t admire the size and large potential of their enterprise till we began speaking in regards to the funding. Their enterprise mannequin has a recurring income stream of reselling Google’s and JumpCloud merchandise, mixed with a high-margin companies stream. Each reinforce one another in a pleasant flywheel. We have been additionally impressed by their deep AI experience, demonstrated by very superior initiatives for regional market leaders.”
Reflecting on the brand new section of development, co-founder Ivo Zimbilev added: “As our enterprise continues to develop exponentially in a extremely aggressive market, we’ve confronted distinctive challenges. This funding unlocks alternatives that have been beforehand out of attain or restricted in scale. The best benefit, nonetheless, shouldn’t be one thing that may be simply measured—it’s the worth of getting skilled companions by our aspect. With Eleven’s assist, I’m excited for the longer term as our groups in Greece, Bulgaria, and the UK increase, serving to our clients meet the challenges of this new world.”
With this funding, Cloud Workplace goals to boost Google Cloud’s presence in Greece and solidify its place as a number one Google Cloud Accomplice in EMEA, catering to the rising cloud wants throughout the area.
