CloudClevr lands long-term funding to supercharge next phase of growth

After an acquisitive few years and integrations complete, the MSP can now focus on growth

Rigby Technology Investments-backed CloudClevr has secured a new long-term funding agreement with NatWest.

The new funding partnership gives the Cheltenham-HQ converged managed services provider flexibility to scale both organically and through future acquisitions.

Established in 2022, the Microsoft, Gamma and Avaya services org has had an acquisitive past two years snapping up NGC Networks, 4Sight Communications, Bamboo Technology Group, and Twisted Fish IT.

These deals aimed to boost CloudClevr’s skills in delivering converged cloud, IT, and communications services.

CEO Steve Harris previously told CRN his aim with M&A was to differentiate in the competitive MSP market.

CloudClevr completed the integration of these four businesses this past April.

Now with its people, systems, and customer experience unified under one brand, the MSP has the foundations in place to focus firmly on sustainable growth.

This new, tailored funding package from NatWest is designed to accelerate CloudClevr’s growth ambitions and build on its wider relationship with Rigby Group.

“This agreement represents a new chapter for CloudClevr. We’ve built a strong foundation – bringing together great teams, integrating systems, and creating a platform for scale,” said CEO Steve Harris.

“Now we move forward with a clear focus: sustainable growth, continuous innovation, and exceptional service. NatWest’s partnership gives us the flexibility and confidence to continue executing our strategy and delivering value for our customers.”

Imran Khatib, deal lead UK structured finance at NatWest, added: “This new flexible financing structure provided to CloudClevr will assist facilitating the next phase of their growth journey in carrying out strategic acquisitions alongside organic growth on their journey to become a leading UK based cloud and IT managed services provider.

“NatWest is proud to have partnered with CloudClevr and Rigby Technology Investments, supporting our position as a leading bank to TMT businesses across the UK.”