Universal mCloud

Creating a more efficient future through the use of AI and analytics.

Launch date

2010

Employees

Market cap

Enterprise valuation

CAD78m (Public information from Jan 2024)

Vancouver British Columbia (HQ)

https://mcloudtech.ai

https://twitter.com/mcloudtech https://www.facebook.com/mcloudtech https://www.linkedin.com/company/mcloud-corporation/

Revenues, earnings & profits over time

CAD	2017	2018	2019	2020	2021	2023
Revenues	<1m	1.8m	18.3m	26.9m	25.6m	22.0m
% growth	-	114 %	922 %	47 %	(5 %)	-
EBITDA	(6.2m)	(11.5m)	(12.2m)	(20.0m)	(27.1m)	-
% EBITDA margin	(743 %)	(640 %)	(66 %)	(74 %)	(106 %)	-
Profit	(6.8m)	(12.2m)	(30.7m)	(36.9m)	(44.8m)	-
% profit margin	(808 %)	(679 %)	(167 %)	(137 %)	(175 %)	-
R&D budget	<1m	<1m	<1m	1.1m	3.2m	-
R&D % of revenue	64 %	7 %	3 %	4 %	12 %	-

Date	Investors	Amount	Round
-	Flow Capital	N/A	-
Mar 2013	N/A	N/A	IPO
Mar 2018	N/A	CAD4.2m	Post IPO Equity
Oct 2018	N/A	CAD10.0m	Post IPO Equity
Jul 2019	N/A	CAD40.8m	Post IPO Debt
Jan 2020	N/A	CAD13.3m	Post IPO Debt
Jul 2020	N/A	CAD15.5m	Post IPO Equity
Jan 2021	N/A	$6.2m	Post IPO Debt
Nov 2021*	ATB Financial	CAD5.0m	Post IPO Debt
Dec 2021*	N/A	CAD12.1m	Secondary
Dec 2022*	N/A	$10.5m	Post IPO Equity
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

ACQUISITION by Universal mCloud Feb 2020

ACQUISITION by Universal mCloud Jan 2018