DFJ Esprit angels invest in CloudApps


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Investors: 
DFJ Esprit, Angel investors
Date: 
2011-06-21

London, 21 June 2011- DFJ Esprit, a leading European venture capital firm, has participated in a funding round for CloudApps, which provides sustainability and energy management solutions on an innovative and agile could platform. The size of the funding round was undisclosed.

DFJ Esprit has joined an impressive group of angel investors in the company including Chairman of CloudApps and Chairman of salesforce.com EMEA Steve Garnett, CloudApps Board Director Stephen Kelly and angel investor Erik Tiller.

CloudApps suite of products enables organisations to make efficiency savings and meet sustainability targets by aligning the entire enterprise behind corporate sustainability goals. CloudApps is unique in engaging employees and driving behavioural change by creating individual accountability for environmental impact.

The investment will primarily be used for accelerating sales and product development. Since launch in October 2009, the company has already won impressive customers such as Veolia, Norland and LA fitness.

“Sustainability software is an important space with strong regulatory and environmental drivers for growth,” said Paul Murray, Partner at DFJ Esprit. “We are excited to be investing with a prestigious angel group and backing this team with their salesforce.com pedigree. CloudApps is the type of investment we look for: Impressive team, large and rapidly growing market opportunity and, based on Force.com’s cloud platform, a lean capital efficient business model.”

CloudApps CEO, Peter Grant says: “CloudApps addresses a market which is growing at 40% CAGR. This is a critical time in our business’s growth and we appreciate the support of DFJ and our angel investors in this investment. As a cloud based business this investment will contribute substantially towards our growth.”

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About CloudApps

CloudApps is a leading provider of sustainability software that enables visionary organisations to make exceptional efficiency savings and meet sustainability targets by aligning the entire enterprise behind corporate sustainability goals.

CloudApps is unique in engaging employees and driving behavioural change by creating individual accountability for their environmental impact.

Resulting in reduced energy, water & waste costs, enhanced brand, the elimination of compliance risks and engaged & passionate employees.

For more information, please visit http://www.cloudapps.com.

About DFJ Esprit

DFJ Esprit is a leading cross-stage venture capital firm that invests in European technology companies. Members of the DFJ Esprit team have been active in technology investing for three decades. They have experience of investing in over 200 companies, generating strong returns for investors through building valuable global companies alongside founders and management teams.

The DFJ Esprit partners have invested and helped build many of Europe’s most successful venture companies of recent years, including LOVEFiLM, Apatech, Buy.at, Alphamosaic, KVS, CSR, Blackspider and Domantis. DFJ Esprit is the exclusive European partner for Silicon Valley based Draper Fisher Jurvetson (DFJ) Global Network of venture funds. DFJ Esprit invests across Europe and has partners located in London, Cambridge, Dublin, Helsinki and Paris. For more information go to http://www.dfjesprit.com/home

For more information:

Josephine Salm, Grayling for DFJ Esprit: Josephine.Salm@Grayling.com, + 44 (0) 207 592 7930

Company: 
Cloudapps