Innova Capital, a Poland-based PE firm investing in buyouts in mid-sized enterprises doing business in Central and Eastern Europe, has acquired a minority stake in CloudFerro, a leading provider of cloud services to the European space sector.
The investment, which has been made from Innova’s seventh fund, will be used to support improvements in CloudFerro’s organisational structure, as well as international expansion and future acquisitions.
CloudFerro was founded in 2015 in Warsaw, Poland and has a team of over 200 employees.
Over the last three years, CloudFerro has nearly quadrupled the scale of operations in Europe and has ongoing relationships with the European Space Agency, EUMETSAT, ECMWF, the German Aerospace Center, the Polish Space Agency and Mercator Ocean.
