Spintop Ventures has led an investment round for Elastisys, a spin-off company from Umeå University, specializing in cloud native technologies with a strong commitment to information security. The 30 million SEK investment will further drive Elastisys rapid expansion.
Elastisys provides its Compliant Kubernetes cloud platform as a managed service for customers to accelerate digital innovation while guaranteeing data privacy and security. The managed service offering is complemented by professional services and training on cloud native technologies.
– Elastisys has built a platform-as-a-service business scaling rapidly originating from a research background and an expert consultancy. Spintop firmly believes data security and privacy is important not only to regulated industries, all digital services will need to carefully consider how to preserve the trust of their customers. We are pleased to support Elastisys to accelerate the deployment of truly safe and secure digital infrastructure in the EU.”, says Finn Persson, Partner at Spintop Ventures.
Elastisys was founded in 2011 by the Umeå University professors Erik Elmroth and Johan Tordsson. The company completed a first investment round in 2017 and has grown rapidly since then. During the past few years, the Compliant Kubernetes offering has obtained substantial traction and recognition among both private companies and public sector organizations.
– I am excited for this next step in Elastisys’ journey, where we through state of the art cloud technology empower our customers to innovate faster with software, without compromising European digital sovereignty. The latter is much needed in these worrying times. I am happy to do this together with the awesome Elastisys’ team and am looking forward to collaborating with a great group of investors and advisors in this endeavor”, says Johan Tordsson, Elastisys’ CEO and co-founder.
The managed service offering is delivered in collaboration with multiple Swedish and European cloud providers. Key to the Elastisys’ success so far is a highly skilled workforce, focus on knowledge-sharing and high employee satisfaction and retention. The investment was led by Spintop Ventures and joined by Fort Knox, complemented by the company’s previous investors, including Northern Light Capital and Partnerinvest Norr. Fort Knox is a family office with a strong focus on driving expansion in the northern part of Sweden.
Markus Olsson, CEO of Fort Knox, adds:
– We are very impressed with how Elastisys has progressed over the past years in terms of demonstrating a strong organic growth of its professional- and managed services. With the core focus of Fort Knox being to help accelerate growth and entrepreneurship in the northern part of Sweden through our investments, we are particularly happy that the founders put great pride in keeping the headquarters in Umeå, as this contributes to the region being able to attract and maintain talented people. We look forward to contributing to the exciting journey ahead.
More information about Elastisys