emma, a Luxembourg-based cloud management platform provider, has closed a $17 million Series A funding round, bringing its total funding to $23 million.
Investors
The round was led by Smartfin, with participation from RTP Global and existing investors.
Smartfin is a European venture and growth capital firm managing over €600 million. It invests in early and growth-stage B2B tech companies across Europe and the UK. With a strong track record in venture capital and private equity, Smartfin combines investment expertise with operational experience, offering hands-on support to help build and manage successful technology companies.
emma Use of Funds
The company will use the funding to accelerate product development, and go-to-market efforts, enhance platform features, expand cloud integrations, and establish an R&D center in Luxembourg.
About emma
Founded in 2019, emma provides an end-to-end platform for cloud management, combining a cloud-agnostic approach with comprehensive AI-powered capabilities that empower organizations to access cloud resources from any provider, in any environment, without constraints. With emma, organizations can seamlessly navigate between different cloud providers and environments, enhancing performance, optimizing costs, and unlocking the full potential of their cloud investments.
Funding Details
Company: emma Technologies S.a.r.l.
Raised: $17.0M
Round: Series A
Funding Date: November 2024
Lead Investor: Smartfin
Additional Investors: RTP Global
Company Website: https://www.emma.ms/
Software Category: Cloud Management
Source: https://www.globenewswire.com/news-release/2024/11/25/2986421/0/en/Cloud-management-platform-emma-secures-17M-in-Series-A-funding.html