- Allowed Cloudmark to move forward with the highly strategic acquisition of Bizanga, a leader in large scale message processing.
- Strengthened Cloudmark’s balance sheet with remaining funds.
- Strategic investment from Nokia opened sales doors within the Nokia partner and customer ecosystem.
Overview
Cloudmark, a leading provider of carrier-grade messaging security, raised $23MM from new investors Summit Partners and Nokia, along with existing investors Ignition and Industry Ventures.
Investment enabled Cloudmark’s acquisition of Bizanga, a leader in SMS message processing.
Significance
Catapult’s role
- Project’s original goal was to generate interest in commercial partnerships, with strategic capital being a secondary consideration.
- Customized strategic rationales for each potential investor.
- Expanded assignment to include late stage venture once the Bizanga opportunity was identified.