# CloudMargin funding: rounds and investors > CloudMargin has raised $35M across 3 rounds since 2018. Investors include Illuminate Ventures, Jefferies and IHS Markit. Every round with its source. Source: https://millionrounds.com/company/cloudmargin (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Funded startup](https://millionrounds.com/companies) # Who invested in *CloudMargin* 3 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. IT Services Funding summary Updated 26 Oct 2026 **$35M** raised across 3 rounds since 2018, from 3 sources **$10M** Round **$6.6M** Round **$18M** Round - **Latest round:** Round, $18M Dec 2023 - **Step-up i:** 2.7× - **Investors:** 4 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2018 2019 2020 2021 2022 2023 **$10M** Round **$6.6M** Round **$18M** Round - **First round:** Round, $10M - **Biggest round:** $18M - **Usual gap between rounds:** 3.4 years ## The rounds - **Dec 2023** Round **$18M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Sept 2021** Round **$6.6M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Apr 2018** Round **$10M** *4 new* [Illuminate Ventures](https://millionrounds.com/fund/illuminate-ventures) [Jefferies](https://millionrounds.com/fund/jefferies) IHS Markit LVC Reported by FinSMEs ## Funding filed with regulators CloudMargin filed 4 raises, $25M in all. Filings say how much was sold and to how many investors; they never name the investors. - Feb 2026 **Amount not stated** UK share allotment - Aug 2025 **Amount not stated** UK share allotment - Dec 2023 **$18M** UK share allotment - Sept 2021 **$6.6M** UK share allotment ## Founders and team From CloudMargin's own website: 1 founder, 11 on the team. **Stuart McHardy** Co-Founder - **Steven Marconi** President and Chief Operating Officer - **Stuart Connolly** Chief Executive Officer - **Clinton Elston** Chief Technology Officer - **David White** Chief Commercial Officer - **Miriam Marascio** Chief Client Services Officer - **Nico Busch** Chief Product Officer - **Yasmin Ullah** Chief of Staff - **Simon Millington** Head of Client Success & Partners - **Andrew Eisen** Non-Executive Director - **Mark Beeston** Non-Executive Director - **Richard Berliand** Chairman ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2018 **Round** 2021 **Round** 2023 [Illuminate Ventures](https://millionrounds.com/fund/illuminate-ventures) [Jefferies](https://millionrounds.com/fund/jefferies) IHS Markit LVC ## Everyone who backed them [Illuminate Ventures](https://millionrounds.com/fund/illuminate-ventures) VC firm **1** round [Jefferies](https://millionrounds.com/fund/jefferies) VC firm **1** round IHS Markit no record of our own yet **1** round LVC no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cloudmargin). ## Quick answers about CloudMargin ### Who invested in CloudMargin? CloudMargin's investors include Illuminate Ventures, Jefferies, IHS Markit and LVC. ### How much has CloudMargin raised? CloudMargin has raised $35M across 3 rounds since 2018. ### When did CloudMargin last raise? CloudMargin's most recent round, $18M, was in Dec 2023. ### What was CloudMargin's biggest round? Its most recent round, $18M in Dec 2023, is also its largest on record. ### Who backed CloudMargin first? CloudMargin's first round on record, in Apr 2018, was backed by Illuminate Ventures, Jefferies and IHS Markit and 1 others. ### What stage is CloudMargin at? CloudMargin's latest named round is an Undisclosed round, in Apr 2018. ### Where is CloudMargin based? CloudMargin is based in the United Kingdom. ## Companies like CloudMargin In the same sector, and raised in the last eighteen months. [**Atlian** $933K · Oct 2026](https://millionrounds.com/company/atlian)[**Nuuri** $1.1M · Sept 2026](https://millionrounds.com/company/nuuri)[**SmartyPlants** $461K · Sept 2026](https://millionrounds.com/company/smartyplants)[**InTouchNow** $3.1M · Sept 2026](https://millionrounds.com/company/intouchnow)[**Vitaspan** $976K · Sept 2026](https://millionrounds.com/company/vitaspan)[**Universal Quantum** $101M · Sept 2026](https://millionrounds.com/company/universal-quantum) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app