DRACOON GmbH, a leading provider of enterprise file services, has successfully closed another financing round. The Austrian investment company Round2 Capital joined as a new investor, as well as the German Experium GmbH. In addition, High-Tech Gründerfonds, WENVEST Capital, AVG Vermögensverwaltung GmbH, Bayerische Beteiligungsgesellschaft mbH (BayBG), P+W Media and parts of DRACOON’s management team are also participating from the existing shareholder base.
DRACOON, based in Regensburg, is the market leader in the field of enterprise file services in German-speaking countries and has set itself the task of giving the world back sovereignty over its data with its platform. Following the principle of “Privacy by Design”, DRACOON has integrated client-side encryption. Sent and stored data is protected to the maximum, because the key for decryption always remains with the owner. Not even the admin or DRACOON as the operator have access. The fine-grained user and rights management offers individual access rights to all stored data. Authorised users thus retain full control. With the newly provided financial means they are planning to further expand the technological platform and to drive growth through market penetration in the focus industries.
Arved Graf von Stackelberg, one of the Managing Directors of DRACOON, is pleased with the conclusion of the financing round: “With the help of our investors, we will further expand our market leadership in the DACH region in 2021 and also contribute to further promoting digitalisation in Germany and Europe. Especially in times of the current pandemic, the need for cloud solutions is greater than ever and we support businesses in ensuring maximum security when working from home.”
Furthermore, Dr Björn Momsen, Chief Financial Officer at DRACOON, sees Round2 Capital as a long-term partner: “We are delighted to have won Round2 Capital as an investor who has both an excellent network in the industries relevant to us and the corresponding technological expertise. Since both equity and revenue-based loan can be provided here, we already have a financing partner for later company phases at our side.”
Stefan Nagel, Partner at Round2 Capital, is also positive about the partnership with DRACOON: “For us, data security and sovereignty is one of the most important issues for the coming years. With its established products, DRACOON has laid the foundation for meeting the highest demands in terms of security and user-friendliness. We look forward to driving further growth with the team and realising a strong local competence in data security for Germany and Europe.”
Carlsquare acted as the exclusive financial advisor for DRACOON.
