CVC Capital Partners, Reggiani family back CleverTech in strategic deal
What's the deal? CVC Capital PartnersDealroom has a profile for this one. Try Dealroom → and the Reggiani family have agreed to make a strategic late-stage investment in CleverTechDealroom has a profile for this one. Try Dealroom →, a provider of end-to-end digital product development and digital transformation services.
The terms were not disclosed. The capital will fuel CleverTech's growth and strengthen its RemoteNative platform, which handles large-scale software engineering for startups, private equity-backed firms, and enterprises.
Why now? Founded in 2000, CleverTech is targeting expansion across North America and Western Europe. The deal aligns with CVC's strategy of backing high-growth technology and services firms with scalable models.
CleverTech's existing management team will stay on. Chief executive officer Kuty Shalev stressed the shared vision with the new investors.
"It is rare you meet a team with whom you are immediately on the same page and in sync, and we found that with CVC and the Reggiani family," Shalev said.
What could go wrong? The undisclosed terms leave CleverTech's valuation and the investors' stake unclear. Expanding across two continents also brings execution risk in a crowded digital transformation market.
The signal: CVC, an investment fund hunting scalable technology and services plays, is wading into a breakout-stage software builder at a moment when private equity is increasingly chasing custom engineering firms with sticky enterprise revenue. Pairing CVC's institutional muscle with the Reggiani family's backing gives CleverTech the capital and patient ownership to push its RemoteNative platform across two continents.
Read more: AInvest
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