Nerdio Secures $500 Million Series C Investment Valuing the Company at $1 Billion
Deal News | Mar 18, 2025 | General Atlantic
Nerdio, an automated End-User Computing platform, has secured a $500 million Series C investment from General Atlantic, raising its valuation to over $1 billion. Participation also comes from Lead Edge Capital and StepStone. This investment amplifies Nerdio's capabilities to transform IT management in the growing Desktop-as-a-Service market, projected to reach $60 billion by 2037. Nerdio simplifies Microsoft cloud management, eliminating complexity for its 15,000 customers worldwide. The company has seen 85% year-over-year growth in ARR and has been recognized as Microsoft Americas Partner of the Year 2024. The funding will accelerate product innovation, expand global reach, and augment its engineering and customer success teams, enhancing virtualization transition to the cloud. General Atlantic will gain two board seats. With no debt and profitability, Nerdio is poised for continued growth in the cloud management space.
Sectors
- IT and Cloud Services
- Investment and Private Equity
Geography
- United States – Nerdio is based in Chicago, and General Atlantic has a significant presence in the U.S., indicating the main geographical focus of the article.
- Global – Nerdio has a customer base in over 50 countries and is expanding its offices in EMEA and APAC, reflecting the global reach of the company's operations.
Industry
- IT and Cloud Services – The article focuses on Nerdio's platform which provides cloud management solutions, fitting into the IT and Cloud Services sector.
- Investment and Private Equity – General Atlantic's investment in Nerdio highlights this sector's focus on strategic growth investments in innovative technology firms.
Financials
- $500 million – The amount of the Series C minority investment by General Atlantic into Nerdio.
- $1 billion – The valuation of Nerdio after the investment, quadrupling its value in two years.
- $60 billion – Projected size of the Desktop-as-a-Service market by 2037, growing at an annual rate of 18%.
- 85% year-over-year – Annual recurring revenue growth rate for Nerdio, showcasing its rapid expansion.
- $350 million – Amount of Microsoft revenue influenced by Nerdio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nerdio | Target Company | Company | Nerdio provides cloud management solutions and is expanding through a $500 million investment led by General Atlantic. |
| General Atlantic | Investor | Company | A global growth investor providing capital and strategic support to Nerdio through a $500 million investment. |
| Lead Edge Capital | Co-Investor | Company | Participating in the Series C investment round alongside General Atlantic. |
| StepStone | Co-Investor | Company | Participating in the Series C investment round alongside General Atlantic. |
| Vadim Vladimirskiy | Co-Founder and CEO | Person | CEO of Nerdio, commenting on the partnership with General Atlantic. |
| Aaron Goldman | Managing Director and Head of Enterprise Technology at General Atlantic | Person | Discussed the investment rationale and Nerdio's market impact. |
| Asher Hecht | Principal at General Atlantic | Person | Expressed support for Nerdio's business strategy and growth potential. |
| Teleperformance | Customer | Company | Testimonials from a high-ranking executive about the transformative impact of Nerdio's platform. |