METCLOUD secures £1m from Midven to scale its cloud and cybersecurity operations.
Midven provided £1m in seed funding to help the cybersecurity provider accelerate growth and expand its team.
Birmingham-based cloud and cybersecurity provider offering tailor-made security and infrastructure packages for small and medium-sized enterprises. The platform helps organisations adopt next-generation technologies like artificial intelligence and machine learning.
Managed Enterprise Technologies, trading as METCLOUD, has secured £1m in seed funding from Midven. The capital will be deployed to expand sales and marketing operations, make key technical hires, and strengthen the board of directors. The investment supports the company as it scales its cloud and cybersecurity offerings for small and medium-sized enterprises.
Operating from Birmingham, METCLOUD provides managed security services and infrastructure solutions. The firm has earned numerous accolades for innovation and participates in the World Economic Forum Global Innovators Community.
From the founder
"METCLOUD has the potential to become a major international brand and this initial investment from Midven and harnessing the Midlands Engine Investment Fund is a prime example of why this fund was set up – to transform small innovative businesses that are looking to scale up which can then make significant contributions to the local and national economy."
Ian Vickers
CEO at METCLOUD
Investor perspective
"METCLOUD is a great opportunity to invest in a company with a high level of expertise and knowledge in their market. As the adoption of cloud environments grows, we are witnessing an exponential surge in cybercrime. METCLOUD is able to offer key services and strategic advice to its customers to help them understand their IT infrastructure and ensure they get the best setup for their needs. METCLOUD already has a strong customer base and with further development in progress to enhance their cybersecurity offering, it has created an exciting opportunity for us to invest and accelerate growth. We look forward to working with Ian and the team."
Surjit Kooner
Director, Midven
Use of funds
- 01Invest in sales and marketing
- 02Grow the team
- 03Scale operations
