Cloudworkz, a B2B, subscription based platform that provides SMEs with in demand human capital, digital marketing and business services, has raised 150% (£827,280.64) of its £550,000 target via Crowdcube (at the time of writing) from 138 investors with 16 days left in the firm’s crowdfunding campaign.
Cloudworks offers EIS, Equity; reports a £30,000,000 Pre-money valuation; a £2.64 share price.
As noted in the update, Cloudworkz is a business-to-business, subscription based platform that provides smaller businesses with in demand human capital, digital marketing and business services. Having developed the tech, gone to market and built go-to-market functionality, Cloudworkz is now “raising to scale up.”
Key highlights are:
- £23.5bn addressable digital advertising spend within the UK, and $521bn worldwide
- Partnerships with established providers & own proprietary technology
- Field Sales Launched in 2022
- Unique way for SMEs to access essential digital services
As noted by the firm:
“We believe that SMEs increasingly rely on their digital presence to be found by customers and grow. With digital marketing spend by SME and micro businesses at £7.2bn (from 2019/20), the opportunity is large.”
At Cloudworkz, they aim to “provide an all-in-one solution designed to meet the needs of SMEs and micro businesses.”
Their mission is “to become the go-to platform for digital business services, by providing products and services in a simple, easy-to-use way.” Through fractional purchasing, they believe SMEs “obtain breadth and quality of services.”
Their subscription-based platform assists companies with the following urgent needs:
- Increased digitisation to meet the demands of post-COVID-19 consumers
- Improved ways of working across digital workplaces and distributed teams
- Digital solutions and advisory support
To meet these needs, they provide “fully managed and self managed digital products and services across sales, marketing, creative, content, IT, digital skills, remote work assessments and outstaffing.”
They have “concluded field sales pilots & entered scale up stage.” To date, they have “a compounded average monthly client acquisition growth rate of 57% with 100+ paying clients.”
The funds raised will allow them “to expand sales & develop the customer service function.”
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