Nerdio: General Atlantic-led $500M growth equity at $1B+ valuation (Mar 2025)

What's the deal? In March 2025, Chicago-based cloud and End-User Computing platform Nerdio signed a definitive agreement for a $500 million minority investment led by General Atlantic, with participation from Lead Edge Capital and StepStone. Nerdio said the transaction would take its valuation to more than $1 billion . General Atlantic will take two board seats.

Context Nerdio automates Microsoft cloud and virtual desktop management for enterprises and managed service providers. The growth equity financing follows a December 2022 Series B led with Updata Partners and extends General Atlantic’s enterprise technology sleeve.

Source Nerdio press release