Tim Ventures leads €600,000 seed round for Cloudesire

The company intends to use the capital injection to expand its business across Europe. Following the transaction, Cloudesire also aims to boost its client base to target the largest digital service providers, including Telecom Italia and Fastweb.

Company
Headquartered in Pisa and established in 2013, Cloudesire is a cloud-based marketplace for software developers. The digital platform allows vendors to migrate their software portfolio online and use a cloud-based business model. The business currently employs a staff of seven.

People
Tim Ventures – Giuseppe Recchi (chair); David Pagnini (investment director).
Cloudesire – Eddy Fioretti (co-founder, CEO); Andrea Vecchi (co-founder, chief technology officer).

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• Topics
• Expansion
• Technology
• Southern Europe
• Italy