Calculus nets 4x with CloudTrade sale

Calculus secured a 4x return on investment after a three-year period, the firm said in a statement.

Calculus made a GBP 2m capital injection into the London-based software company in 2018, investing via its enterprise investment scheme and venture capital trust vehicles.

This is the eighth exit for Calculus since January 2020, following ActiveOps in March 2021, which achieved a 6x return; and Mologic, which delivered a return of up to 3.6x.

Company
Founded in 2010 and headquartered in London, CloudTrade enables companies to automatically process electronic documents such as invoices and sales orders received by email.

According to the company, its software is used by companies and organisations including Qantas, Arco, the Scottish government and the NHS.

People
Calculus Capital – Richard Moore (investment director).
CloudTrade – David Cocks (co-founder, CEO).

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