In total, the investors are jointly investing around 5 million euros in the technology company. DRACOON was assisted with the transaction in the area of fundraising by the investment bank Carlsquareand with legal matters by the commercial law firm Wirtschaftskanzlei LUTZ | ABEL.
The Regensburg-based company plans to use the new funds raised to further expand its technological platform and expedite growth on the basis of market penetration in its focus industries.
Arved Graf von Stackelberg, one of the DRACOON CEOs, is happy to see the financing round concluded: “With the help of our investors, we will further expand our market leadership in Germany, Austria, and Switzerland in 2021 and will play a part in further promoting digitalization in Germany and Europe. In these times of an ongoing pandemic in particular, there is an even greater need than ever for cloud solutions and we are assisting businesses in guaranteeing maximum security when staff are working from home.”
In addition, Dr. Björn Momsen, Chief Financial Officer of DRACOON, sees Round2 Capital being a long-term partner: “We are delighted to have Round2 Capital on board as an investor that not only has an excellent network covering the sectors of relevance to us, but also has the corresponding technological expertise. As both equity and revenue-based loans can be provided here, we now already have a financing partner at our side for subsequent company stages.”
For us, data security and data sovereignty are two of the most decisive topics of the years to come. With its established products, DRACOON has laid the groundwork for meeting the highest security and user-friendliness standards. We look forward to working with the team to continue on a path of growth and to create strong local expertise in the area of data security for Germany and Europe.