SecureCloud+ follow on investment | Gresham House Ventures

Gresham House Ventures makes £5mn follow-on investment into SecureCloud+ as defence demand booms

Gresham House Ventures has made a £5mn follow-on investment into SecureCloud+, a provider of specialist IT solutions to the defence and government sector.

SecureCloud+ offers secure collaboration work environments (“CWE”) to the UK Defence and National Security communities. Its information collaboration systems allow clients to securely share and analyse highly sensitive information across multiple locations.

Since Gresham House Ventures’ initial investment in 2018, SecureCloud+ has grown significantly, tripling its headcount and building a strong base of highly skilled jobs at its headquarters in Stoke-on-Trent.

The new funding will be used to accelerate further improvements to SecureCloud+’s flagship CWE platform, making greater use of automation to bring additional capabilities to users. The boost comes at a significant moment for the business, which is positioned to take advantage of increasing UK defence spending, with a particular focus on technology and cyber resilience.

Alongside the investment from Gresham House Ventures, SecureCloud+ is making several changes to its senior leadership team as the business looks to the next stage of its growth journey. CEO Greg Clarke will take on the role of Executive Chair, bringing 45 years of experience to the role. Peter Williamson, SecureCloud+’s founder, will become a Non-Executive Director, while Field Marshall Nick Houghton will remain with SecureCloud+ as a Senior Military Advisor.

The investment follows a busy period of activity for Gresham House Ventures, having recently successfully exited clinical trials business Panthera Biopartners and making several recent investments including into Scileads, ASK BOSCO and Penfold.

James Hendry, investment director at Gresham House Ventures, said:

“SecureCloud+ has delivered impressive growth since our initial investment, growing its team and strengthening its offering of outstanding solutions for the defence sector. Now, with defence spending set to increase over the coming years, SecureCloud+ is ideally placed to build on its outstanding track record, so we are thrilled to be providing further support at this exciting time for the industry.”

Greg Clarke, CEO and executive chair at SecureCloud+, said:

“Gresham House has been a longstanding supporter of SecureCloud+, and I’m thrilled to be co-investing with them to drive the next phase of our growth. Protecting the UK’s most sensitive information is a responsibility we take with the utmost seriousness. As a UK-owned SME proudly based in Stoke-on-Trent, this new funding will enable us to expand our operations, create more jobs, and continue serving the nation’s critical interests.”