Summit leads $33m round for A Cloud Guru

AirTree Ventures and existing backer Elephant also took part in the round, which will fund an international recruitment drive, product development, the expansion of ACG's content library and the introduction of new courses. The business recently launched a platform aimed at enterprise customers, with clients now including Dow Jones, Capital One DevExchange and Qualcomm.

Summit managing director Tom Jennings will take a seat on the ACG board of directors as part of the deal.

The VC is currently investing from $730m vehicle Summit Partners Venture Capital Fund IV, €700m vehicle Summit Partners Europe Growth Equity Fund II and $4.9bn vehicle Summit Partners Growth Equity Fund X.

Company
Founded in 2015, London-headquartered ACG is an online platform for cloud-based technology training. Its courses cover the Amazon Web Services, Google Cloud Platform and Microsoft Azure platforms.

People
Summit Partners – Tom Jennings (managing director).
A Cloud Guru – Sam Kroonenburg (co-founder, CEO); Ryan Kroonenburg (co-founder).

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• Topics
• Expansion
• UK / Ireland
• Support services
• United Kingdom
• Summit Partners
• Venture