InterCloud raises €100M in Series D Funding

Aleph Capital invests in InterCloud, a leader of Cloud Connectivity, to fuel its expansion in global markets and drive innovation in a fast-growing market.

PARIS, February 15, 2022 – InterCloud, a leading Cloud connectivity platform, today announces a €100 million Series D fundraising round, led by Aleph Capital, with participation from existing investors Ventech and Open CNP. This latest funding brings InterCloud’s total financing to €138 million. InterCloud, which was founded in Paris in 2010, will use the funds to expand its services offering and finance external growth.

Guaranteeing performance, security and control in the Cloud

Global Enterprise business agility and performance depend more than ever on reliable access to cloud resources. Connectivity has become critical to data security and sovereignty in an environment experiencing rapid digital transformation, where network teams must balance ever-changing demands across their business units.

InterCloud’s mission is to bring software agility to the connectivity world, with secure, fast, and reliable network access to cloud-hosted data and applications, by choosing and managing the best data channels to guarantee performance and privacy.

The company’s private connectivity solution guarantees optimised, automated and secure end-to-end access to applications and data hosted across the growing spectrum of cloud services. InterCloud achieves this thanks to its advanced network management capabilities, its robust connectivity backbone, and its close partnerships with the world’s biggest Cloud service providers.

According to Gartner®, “By 2025, enterprises using Software-Defined Cloud Interconnect (SDCI) services to connect to public cloud services will rise from less than 10% in 2021 to 30%¹.”

As a pioneer in the SDCI market, InterCloud provides its customers with a more agile and secure private network. Furthermore, InterCloud’s customers benefit from all the advantages of the Cloud: they can deploy their operations quickly, anywhere in the world, with all the world’s largest Cloud providers, while enjoying the highest standard of performance and security.


Driving growth in Cloud innovation and accelerating into new markets

InterCloud has long been a trusted partner to major European enterprises to which it has provided global Cloud connectivity services and software-defined interconnections.

Today’s investment announcement will expand the Company’s international sales force, starting in Europe, with around fifty sales staff to be added in 2022 alone.

“There is a significant growth opportunity in SDCI platforms worldwide, and, in Aleph Capital, I am thrilled to have exceptional partners to continue to expand the business. Hybrid Cloud platforms and services are a fast-growing priority for enterprises worldwide, with InterCloud uniquely positioned to expand its market share quickly » said InterCloud CEO, Jérôme Dilouya.

Hugues Lepic, Founder and CEO, and Maneesh Sharma, Managing Director, Aleph Capital, said: “We are incredibly enthusiastic about our investment in InterCloud. The Company is uniquely positioned as a leader in the SDCI market and is on a very exciting trajectory. We are looking forward to supporting InterCloud’s management team as they continue to build a great company in a very exciting market.”

InterCloud will also use the funds to accelerate R&D to develop its solutions further, strengthen its partnerships, and seize growth opportunities through acquisitions.

About InterCloud

InterCloud is a leading provider of Software-Defined Cloud Interconnect (SDCI), providing secure, end-to-end, managed services. InterCloud’s API-centered platform helps businesses simplify and accelerate network operation, with a high level of performance and transparency for corporate resources distributed across multiple locations and different cloud providers. As a premium partner to the major cloud service providers – including AWS, Microsoft, IBM, and Google Cloud – InterCloud delivers optimal connectivity solutions.

About Aleph Capital

Aleph Capital is an independent European private equity investment firm based in London which was founded in 2013 by Hugues Lepic, former head of Goldman Sachs’ Merchant Banking Division in Europe. Its mandate is to provide flexible capital solutions to ambitious companies seeking to unlock their growth potential, leading to accelerated value creation. The firm invests in businesses with a substantial European presence in industries underpinned by long-term secular growth dynamics.

¹ Gartner®, Predicts 2022: CSPs Need Composability to Move Forward With B2B Edge and Networking Services, By Pablo ArriandiagaKosei TakiishiTo Chee EngGaspar ValdiviaDaniel O’Connell, 3 December 2021. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.