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TMT

Cloud8

The Business

Cloud8 is a leading provider of digital benefits, offering a streamlined and modern approach to delivering online benefits to corporate advisors, payroll/HR software providers and SME employers. BEAM at Work Cloud8’s flagship employee benefits platform, is all about making workplace benefits smart, simple and affordable for employers and employees.

The Deal

Chiltern has provided the capital required for the initial investment round to expedite the development of Cloud8’s proprietary platform, take advantage of significant sales opportunities and support the management team in providing best-in-class customer service to new clients.

“I am thrilled to be working with Chiltern, who share our passion and commitment to making digital benefits affordable for everyone. Their support is instrumental in fuelling our growth. Together we are delivering exceptional value to our customers.”

Dipa Mistry-Kandola, CEO of Cloud8

The Exit

During Chiltern’s involvement with Cloud 8, we were instrumental in professionalising and expanding the management team, investing significantly in the technology platform and commercialising the operation. In October 2023, the Business was acquired by one of the largest customers, Benefex.

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The Plan

Cloud8’S BEAM at Work platforms offers simple affordable pricing, quick & easy to deploy and simple to manage. Through the onboarding and growth of clients, further development of the proprietary platform and controlled expansion of its operations, Cloud8 will be well placed to prosper for many years.