Cloud 8
Helping 'Employee Benefit Consultants' affordably bring digital benefits to employers with a platform.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 47 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Cloud8 operates in the employee benefits and fintech sectors, providing a digital platform that simplifies the delivery of employee benefits for small and medium-sized enterprises (SMEs). The company serves advisors, employee benefits consultants (EBCs), brokers, and HR software solution providers. Cloud8's core product, BEAM at Work, offers an affordable, plug-and-play solution that empowers and engages employees by giving them online access to benefits typically enjoyed by employees in larger companies. The platform is designed to be simple to sell, set up, and manage, making it an attractive option for advisors and brokers. Cloud8 generates revenue through a subscription-based business model, offering its digital benefits platform to SMEs and partnering with HR and people tech software providers. The company has recently been acquired by Benefex and continues to expand its offerings and improve its platform through significant investments and strategic partnerships.
Keywords: employee benefits, fintech, SMEs, digital platform, subscription model, HR tech, advisors, brokers, plug-and-play, UK market.