Cloud Office, a rapidly growing Google Cloud Partner headquartered in Bulgaria, has announced a €2 million investment from Eleven Ventures, a prominent venture capital firm in Central and Eastern Europe. This funding will support Cloud Office’s expansion into Greece, where it plans to establish a local office and team, reflecting rising demand for advanced cloud and AI services in the region.
Founded in 2019 by Dimitar Pavlov, with co-founders Chavdar Trendafilov, Dimitar Chakarov, Ivo Zimbilev, Georgi Gocev, and Ivan Dobrinov joining shortly after, Cloud Office has established itself as a leader in cloud services for complex, mission-critical projects. The company’s founder-led structure spans key departments such as system architecture, delivery, sales, and operations, enabling a strong focus on quality and rapid project delivery. Cloud Office now supports over 650 clients across EMEA, leveraging a team of 60+ engineers to handle complex projects with high levels of technical innovation.
“I remember vividly one of our first Google Workspace migrations, a small accounting company with 2 employees,” shared Dimitar Pavlov, founder of Cloud Office. “We spent a full day on the migration, training, and use case explanations. Even though the monthly revenue was just 5 euros, we gained a happy customer. We’ve maintained this customer-first culture regardless of size, aiming to be the most recognizable and preferred Google Cloud Partner in EMEA.”
The company’s growth was recently recognised with the Google Cloud Partner of the Year 2024 award in the Expansion category, underscoring Cloud Office’s commitment to high-quality service delivery. The new investment will allow Cloud Office to further strengthen its presence in Greece, which will be led by Country Head Konstantinos Kalogerakis, supporting relationships with major Greek organizations and expanding its reach within the local market.
Svetlozar Georgiev of Eleven Ventures noted: “While I knew one of Cloud Office’s founders, I didn’t appreciate the scale and massive potential of their business until we started talking about the investment. Their business model has a recurring revenue stream of reselling Google’s and JumpCloud products, combined with a high-margin services stream. Both reinforce each other in a nice flywheel. We were also impressed by their deep AI expertise, demonstrated by very advanced projects for regional market leaders.”
Reflecting on the new phase of growth, co-founder Ivo Zimbilev added: “As our business continues to grow exponentially in a highly competitive market, we’ve faced unique challenges. This investment unlocks opportunities that were previously out of reach or limited in scale. The greatest advantage, however, is not something that can be easily measured—it’s the value of having experienced partners by our side. With Eleven’s support, I am excited for the future as our teams in Greece, Bulgaria, and the United Kingdom expand, helping our customers meet the challenges of this new world.”
With this funding, Cloud Office aims to enhance Google Cloud’s presence in Greece and solidify its position as a leading Google Cloud Partner in EMEA, catering to the growing cloud needs across the region.
