Balderton invests in Accel-backed Cloud9

Balderton stated it was attracted to the company by the move towards cloud-based products in the programming software industry.

Cloud9 will continue expanding its engineering team following the deal. 

The transaction is the second in quick succession for Balderton in the Dutch software sector; in September it led a $4.5m series-A round for 3D Hubs, a Amsterdam-based peer-to-peer network of 3D printers.

Company
Founded in 2010 and with offices in Amsterdam and San Francisco, Cloud9 is a provider of cloud-based collaborative programming software. The company has developers across five European countries and around 500,000 registered users.

People
Balderton partner Suranga Chandratillake, who joined the firm in January 2014, will take a seat on the board at Cloud9. Ruben Daniels is CEO of Cloud9.

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• Topics
• Expansion
• Technology
• Benelux
• Balderton Capital
• Netherlands