Blue Cloud Ventures
TypePrivate Company
IndustryVenture Capital
Founded2012 (2012)
FounderMir Arif, Rami Rahal
HeadquartersFlorida
ProductsVenture capital, growth capital
Websitewww.bluecloudventures.com

Blue Cloud Ventures is a Miami-based venture capital fund specializing in software-as-a-service, infrastructure, and open source software companies.[1][2] The fund focuses primarily on growth stage companies with annual revenue between $10 and $50 million that are expected to reach an exit within three years.[3] Blue Cloud is noted for offering a relatively high degree of flexibility with regards to financing terms, including the exit timeline, board representation, and the amount of funding.[4]

Founding and Partnering

Blue Cloud was founded by Rami Rahal[5] and Mir Arif in 2012.[6] Both were working at Madison Park Group, a New York investment bank, which Arif was leading when Rahal, then 25 years old,[7] proposed the idea to him.[2] MassMutual is a contributor to at least two of Blue Cloud's funds.[8][9]

Investments

As of 2018, Blue Cloud had invested in at least 24 companies.[2] These investments include AFS Technologies,[10] BeyondTrust, later acquired by Veritas Capital,[11] BTI Systems,[5] CareCloud,[12] Cityworks, [13] Clari, an AI based sales service provider, [14] CloudBees,[15] Conductor, an SEO tool developer which was later acquired by WeWork, [16][17] Druva,[18] Doctor on Demand,[8] Evident ID,[19] Iterable,[20] Jazz.co (formerly Resumator) [21][22][23] Hireology,[24] Lattice Engines,[25] Lightbend,[26] NGINX, which was later acquired by F5 Networks,[27][28] OneLogin,[8] Reval,[29] Scribble Live,[30] Tapad,[5] Vidyo, and Wrike.[8]

See also

References

  1. ↑ "MENA Speaker Series - Rami Rahal (VC founder, Forbes 30 under 30)". orgsync.com. Retrieved 2019-10-23.
  2. 1 2 3 "40 Under 40 - Rami Rahal". Crain's New York Business. 2018-03-25. Retrieved 2019-10-23.
  3. ↑ Gage, Deborah (2014-09-12). "Blue Cloud Ventures Targets Second Fund to Back Late-Stage Cloud Software". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-10-22.
  4. ↑ Cody, Steve (2014-06-20). "Why You Should Focus on Selling to Other Small Businesses". Inc.com. Retrieved 2019-10-26.
  5. 1 2 3 Henry, Zoë (2016-01-04). "20 Young Entrepreneurs You Need to Know in 2016". Inc.com. Retrieved 2019-10-23.
  6. ↑ "40 Under 40 - Rami Rahal". Crain's New York Business. 2018-03-25. Retrieved 2019-10-23.
  7. ↑ "More than 25 from MIT named to Forbes 30 Under 30 lists in 2016". Institute for Medical Engineering & Science. 2016-01-07. Retrieved 2019-10-23.
  8. 1 2 3 4 Goldfisher, Alistair (16 July 2018). "SaaS Growth Investor Blue Cloud Ventures wraps up its second institutional fund". Venture Capital Journal. Archived from the original on 2018-07-16.
  9. ↑ "Blue Cloud Ventures". Fundnel. Retrieved 2019-10-24.
  10. ↑ "Rami Rahal, 29". Forbes. Retrieved 2019-10-26.
  11. ↑ Osborne, Charlie. "Veritas Capital snaps up security firm BeyondTrust for $310 million". ZDNet. Retrieved 2019-10-23.
  12. ↑ "CareCloud raises $31.5 million in Series C for its cloud health care management platform". TechCrunch. 15 November 2016. Retrieved 2019-10-23.
  13. ↑ "Cityworks Announces New Investment Partners | Cityworks". 11 October 2016. Retrieved 2019-10-24.
  14. ↑ "Clari raises $35M for its AI-based sales platform, expands into marketing and supply chain management". TechCrunch. 21 March 2018. Retrieved 2019-10-23.
  15. ↑ "CloudBees Raises $23.5M Funding Round Led By Lightspeed Venture Partners". TechCrunch. 27 January 2015. Retrieved 2019-10-23.
  16. ↑ Chernova, Yuliya (2015-02-12). "Startup Conductor Lands $27M to Help Brands Emerge in Web Searches". WSJ. Retrieved 2019-10-23.
  17. ↑ "WeWork acquires SEO and marketing company Conductor". TechCrunch. 6 March 2018. Retrieved 2019-10-23.
  18. ↑ Peermohamed, Alnoor (2016-09-29). "Druva raises $51 mn in fresh funding led by Sequoia". Business Standard India. Retrieved 2019-10-23.
  19. ↑ "Term Sheet -- Thursday, May 9". Fortune. Retrieved 2019-10-24.
  20. ↑ "Iterable lands $50M Series C investment to expand cross-channel marketing platform". TechCrunch. 20 March 2019. Retrieved 2019-10-29.
  21. ↑ "Funding Daily: Face the music". VentureBeat. 2014-08-19. Retrieved 2019-10-23.
  22. ↑ "Cloud-Based Recruiting Platform Resumator Signs Up $15M in Growth Financing". Wall Street Journal. 2014-08-19. ISSN 0099-9660. Retrieved 2019-10-23.
  23. ↑ "The Resumator Relaunches As Jazz, Aims To Bring Data To The Recruiting Process". TechCrunch. 23 June 2015. Retrieved 2019-10-29.
  24. ↑ "Hireology raises $12 million to tackle health care". Crain's Chicago Business. April 12, 2019. Retrieved 2019-10-23.
  25. ↑ "Lattice Engines latest funding further validates predictive sales analytics". diginomica. 2015-06-10. Retrieved 2019-10-23.
  26. ↑ "Intel Invests in Lightbend and Its Scala Language". Fortune. Retrieved 2019-10-29.
  27. ↑ Schubarth, Cromwell (March 13, 2019). "The Funded: 3 Bay Area fundings, a big sale and 3 new funds top midweek news". Silicon Valley Business Journal. Archived from the original on 2019-06-05.
  28. ↑ "F5 Acquires NGINX to Bridge NetOps & DevOps, Providing Customers with Consistent Application Services Across Every Environment". NGINX. Retrieved October 23, 2019.
  29. ↑ Forget, Abigail (April 2, 2018). "Four Alumni Named to Crain's "40 Under 40" List". The Low Down. Retrieved 2019-10-24.
  30. ↑ "ScribbleLive raises $35 million Series D". BetaKit. 2015-09-23. Retrieved 2019-10-26.


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