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Nerdio wins $117m Series B investment from Updata Partners

Cloud
Nerdio has announced completion of a Series B funding round investment of $117m by growth equity company Updata Partners.

Nerdio provides channel and enterprise organisations with a Desktop-as-a-Service (DaaS) management solution leveraging native Microsoft technologies. It adds value on top of the capabilities in Azure Virtual Desktop, Windows 365 and Microsoft Intune by delivering features to simplify management, improve efficiency and lower compute and storage costs.

It allows admins to seamlessly provision and manage deployments of both Azure Virtual Desktop and Windows 365 side-by-side. This aims to give partners and organisations flexibility to scale and fine-tune their DaaS approaches.

“Updata has a significant track record investing in and growing B2B SaaS companies over the past 20 years and we are thrilled to be the newest addition to their portfolio,” said Vadim Vladimirskiy, CEO and co-founder, Nerdio.

“Their unique expertise will meaningfully accelerate our journey in becoming the leading cloud and DaaS management platform for service providers and enterprises.”

As part of the investment, Updata has been appointed to Nerdio’s board of directors. Nerdio previously raised an $8m Series A round in February 2020 led by Vladimirskiy, co-founder and chief revenue officer Joseph Landes, and MK Capital.

“We are incredibly excited to join Nerdio on their journey helping enterprise organisations and partners modernise their DaaS initiatives and delivery methods,” said Carter Griffin, general partner, Updata.

“Their market traction to-date and the proven value they can provide organisations of every size and vertical has us extremely excited to join the board of directors and help Nerdio build upon their market-leading position.”

Nerdio plans to more than double its headcount over the next year with a strong focus on expanding its executive leadership, following recent growth across UK, EMEA, Australia, New Zealand, India and Brazil. Its annual partner conference, NerdioCon, takes place early next year in Mexico, where global MSP and enterprise partners will be updated on Nerdio’s roadmap and plans to expand partner opportunities.

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