4 years ago

Civo Secures £1.4M Investment from THG plc for Cloud-Native Kubernetes Expansion

  • Civo, a UK-based cloud native service provider, received a £1.4m minority investment from THG plc, which will take a 9.4% stake in Civo, at a £12.6 million pre-money valuation

  • The deal is THG Ingenuity's first strategic investment since it announced in May 2021 that Softbank Group had invested $730m in THG with an option for a further $1.6 billion investment in THG Ingenuity

  • As part of the investment, THG Ingenuity becomes Civo's exclusive datacentre hosting & Enterprise sales partner, accelerating the global rollout of Civo regions to data centres and large development teams around the world.

      • ProblemTechnology

      "Building and managing cloud-native Kubernetes applications is complex and can be time-consuming, especially for businesses that are just starting out."

      Solution

      "Civo offers a simple and fast platform for building cloud-native Kubernetes applications that helps businesses to reduce their overhead and get their applications up and running quickly."

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