Quality Clouds announced raising £5.25 million in a round led by YFM Equity Partners and joined by Aldea and Adara Ventures.
Quality Clouds, a Barcelona, Spain and London, UK-based software developer, raised £5.25 million ($6.5M) in a fresh equity investment round.
The money was raised from investors led by the British private equity firm YFM Equity Partners, which contributed with £3.5 million, and joined by Spain-based VC Adara Ventures and Aldea VC.
In conjuction with the deal, Mark Sutherland joins as the new non-executive Chairman and Kevin Tumulty (formerly EMEA VP at ServiceNow), John McAdam (formerly CEO of F5 Networks) and Sander Daniels (formerly Head of Financial Services Industries Northern Europe, Germany & UKI at Salesforce) join the new Strategic Advisory Board.
Quality Clouds, founded in 2015 and led by CEO Albert Franquesa, helps enterprises quantify and manage the Technical Debt generated through configuration and customization of deployment of low-code no-code SaaS platforms such as ServiceNow, Salesforce, and Office365.
The service continuously analyses these SaaS platforms to inventory the current customizations, identify development that diverges from vendor coding best practices, quantifying the impact of real-time code development decisions on the long term integrity, security, and upgradeability of the platform. The information is presented in rich dashboards and can also be sent to ServiceNow (SecOps, DevOps, Agile SDLC, GRC and CMDB), Jira, and Microsoft project management tools. Customers include BP, Barclays, Merck, Mayo Clinic, and Thermo Fisher.
Quality Clouds previously secured £1M in seed funding from Adara Ventures in 2020.






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