Cloudsmith

Cloudsmith, a Belfast-based software supply chain company, has successfully closed a £18 million ($23 million) Series B venture capital funding round. The investment was led by California's TCV, with additional backing from Insight Partners and existing investors, including MMC, Frontline, Techstart, Sorenson, Tapestry, and Shasta.

Summary of transaction details:

• Value: £18,000,000
• Sector: Software & SaaS
• Advisor: None mentioned
• Key Entities: Target: Cloudsmith; Lead Investor: TCV; Other Investors: Insight Partners, MMC, Frontline, Techstart, Sorenson, Tapestry, Shasta
• Location: Belfast, Northern Ireland (Target)

Note: This Series B funding will enable Cloudsmith to accelerate its mission to redefine artifact management by expanding its sales, marketing, customer success teams, and investing further in R&D, addressing the evolving needs of software development and cybersecurity.