Newcastle-based Atlas Cloud snaps up €2.1 million to extend its cloud computing solutions

UK-based Atlas Cloud, an IT solutions startup, has secured a €2.1 million investment from the Northern Venture Capital Trust Funds (VCTs), which are managed by Mercia.Founded in 2010, Atlas Cloud offers a complete range of managed IT solutions and has a reputation for delivering high-quality, secure services. Clients range from local SMEs to blue chip firms and include high-profile names such as Sage, Experian, Magnox and HS2. The company has grown revenues by an average of 53% for each of the past three years, and expanded its clientbase, with over half of its income now coming from outside the North East. The latest funding follows previous rounds of investment from North East regional funds and private investors, and brings the total raised to date to €5.6 million.These fresh funds will allow Atlas Cloud to further develop its range of solutions and pursue its ambitious growth plans. The company expects to create 20 new jobs at its Newcastle headquarters in the next two years, increasing existing staff numbers to 55, and increase turnover from €2.7 million to over €10.8 million by 2025.