Cloud Office funding news – Sofia-based Cloud Office has Raised €2 Million in Funding

This funding will help Cloud Office expand into Greece by setting up a local office and team to meet the rising demand for advanced cloud and AI services in the region.

Dimitar Pavlov, founder of Cloud Office said, “I remember vividly one of our first Google Workspace migrations, a small accounting company with 2 employees, We spent a full day on the migration, training, and use case explanations. Even though the monthly revenue was just 5 euros, we gained a happy customer. We’ve maintained this customer-first culture regardless of size, aiming to be the most recognizable and preferred Google Cloud Partner in EMEA.”

Cloud Office was recently named Google Cloud Partner of the Year 2024 in the Expansion category, highlighting its dedication to excellent service.

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The new funding will help Cloud Office grow its operations in Greece led by Country Head Konstantinos Kalogerakis. This includes building strong connections with major Greek organizations and increasing its presence in the local market.

Svetlozar Georgiev of Eleven Ventures noted: “While I knew one of Cloud Office’s founders, I didn’t appreciate the scale and massive potential of their business until we started talking about the investment. Their business model has a recurring revenue stream of reselling Google’s and JumpCloud products, combined with a high-margin services stream. Both reinforce each other in a nice flywheel. We were also impressed by their deep AI expertise, demonstrated by very advanced projects for regional market leaders.”

Co-founder Ivo Zimbilev added: “As our business continues to grow exponentially in a highly competitive market, we’ve faced unique challenges. This investment unlocks opportunities that were previously out of reach or limited in scale. The greatest advantage, however, is not something that can be easily measured—it’s the value of having experienced partners by our side. With Eleven’s support, I am excited for the future as our teams in Greece, Bulgaria, and the United Kingdom expand, helping our customers meet the challenges of this new world.”

With this funding, Cloud Office plans to strengthen Google Cloud’s presence in Greece and solidify its position as a top Google Cloud Partner in EMEA, addressing the region’s growing cloud needs.

About Cloud Office

Cloud Office, a Premier Google Cloud partner and 2024 Google Cloud Expansion Partner of the Year, operates from Bulgaria with a branch in London. The company has over 65 engineers, specializes in custom cloud solutions, has completed more than 250 projects, and has earned trust across various industries.