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Calculus Capital delivers four-times return with sale of software company CloudTrade

Calculus portfolio company, CloudTrade, has been acquired by Advanced, a provider of business software, delivering a four-times return to Calculus investors in just over three years.  

The CloudTrade platform, which automatically processes and interprets electronic documents, is primarily used to automate invoice handling for large companies, which saves time, improves accuracy and reduces cost. Calculus invested, from its EIS and VCT funds, in July 2018, having been impressed by the patented technology, strong management team and large addressable market. During the investment period the company’s revenues have grown significantly, and multiple new partnerships and contracts have been won. 

Richard Moore, Co-Head of Investments at Calculus Capital, says: “The company and its management have performed exceptionally well and we are delighted to deliver this result to our investors after such a short investment period. I have immensely enjoyed working with CloudTrade and wish the company all the best on the next stage of their journey as part of Advanced.”

David Cocks, CEO of CloudTrade, says: “The investment from Calculus was a key step in our growth. It enabled us to invest in sales and marketing and capitalise on the global market opportunity for the product. I am extremely grateful for the guidance and support from Richard, who has been a member of the board during the Calculus investment period.”

This is the 8th positive exit Calculus Capital has delivered since January 2020, following on from ActiveOps in March 2021 which achieved a 6x return and Mologic which delivered a return of up to 3.6x for investors. 

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