London, April 2025 – European mid-market tech investor, Tenzing, are pleased to announce their investment in ScreenCloud the fast-growth provider of digital signage solutions helping global organisations of all sizes to have “screens that communicate” with employees and customers. The company is headquartered in the UK with offices in the USA and Thailand.
Founded in 2015, ScreenCloud has shown impressive growth, with ARR growing by 30% CAGR in recent years. ScreenCloud’s CSAT score (Customer Satisfaction Score) sits at 89%, reflecting its highly satisfied customer base of over 10,000 organisations. The employee base has grown to over 120 people across offices in London, Charlotte, Belfast and Bangkok; the latter of which hosts a c50-strong team focused on developing and maintaining ScreenCloud’s market-leading product.
With Tenzing’s backing, this new partnership positions ScreenCloud for the next wave of profitable growth. Tenzing will support with investment both in Sales & Marketing, targeting customer segments where ScreenCloud has a clear ‘right to win’. Further investment in the product suite will ensure that ScreenCloud remains on the forefront of leveraging AI, whilst continuing to be a market-leading product in the digital signage industry. ScreenCloud is already an international business with over 70% of its revenues emanating from North America. Tenzing intends to deepen the company’s global footprint and expand its offering, both organically and via selective M&A. To support this next stage of profitable growth, ScreenCloud will be supported by Tenzing’s Growth Team, drawing on the expertise of a Sherpa, Entrepreneurs Panel and a dedicated Acquisitions Director.
Mark McDermott, CEO of ScreenCloud, stated: “We are thrilled to announce our partnership with Tenzing. This partnership not only provides us with opportunities to explore M&A in the future, but also aligns perfectly with our shared vision for the future of Digital Signage. Together with Tenzing we see a clear path to becoming the number one brand leader in our category.”
Carl Lavin, Investment Lead at Tenzing, commented: “We are delighted to partner with Mark and the team at ScreenCloud. We have been impressed by their market-leading product offering and strong customer satisfaction which has fuelled their strong growth. We see many avenues for continued profitable growth and look forward to sharing our knowledge of scaling European software firms to help ScreenCloud reach new heights.”
ScreenCloud is the fourth investment within Tenzing’s £900m Fund III, raised in 2024 and is one of twenty high-growth tech and tech-enabled businesses within the Tenzing portfolio.
Tenzing was advised primarily by Lincoln International, Simmons & Simmons, KPMG and Stax. ScreenCloud was advised primarily by Silverpeak, Orrick, Kroll and CIL.
