CloudMine raises additional $2.25 million - Philly


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.

(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.

Juliana Reyes

Juliana Reyes became's associate editor after reporting on the Philadelphia tech scene for four years. She's co-president of the Asian American Journalists Association Philadelphia chapter and a two-time Philadelphia News Award winner for "Community Reporting of the Year." The Bryn Mawr College grad lives in West Philly, likes her food spicy and wears jumpsuits often.

  • Awesome work Cloudmine and team!


Sign-up for regular updates from

Do NOT follow this link or you will be banned from the site!