CloudMine raises additional $2.25 million - Technical.ly Philly

Growth

Jan. 7, 2016 9:37 am

CloudMine raises additional $2.25 million

It adds on to CloudMine's $7 million Series A led by Safeguard Scientifics.
CloudMine CEO Brendan McCorkle with the cool elevator in his Center City office, April 2015.

CloudMine CEO Brendan McCorkle with the cool elevator in his Center City office, April 2015.

(Photo by Juliana Reyes)

CloudMine just tacked on another $2.25 million to its Series A, bringing that round up to $7.25 million.

It was a debt round, compared to initial Series A raise, which was an equity round.

Existing investors participated in the additional fundraising, said CEO Brendan McCorkle. It was local investor Safeguard Scientifics┬áthat led the enterprise mobile platform’s Series A.

“We extended our Series A to more heavily invest in our healthcare customers’ security and compliance concerns they bring,” McCorkle said via text Wednesday evening.

He also hinted at “something big” the company was working on but couldn’t share any more than that.

CloudMine now employs 30, up from 20 in the spring of 2015.

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