Five million euros for Dracoon

Storing data securely, protected from any possibility of access - this is what the start-up Dracoon promises with its platform. In a current financing round, it has now raised five million euros.

The IT security start-up Dracoon can be pleased about several new investors: Round2 Capital from Austria and Experium from Germany are joining the Regensburg-based company. High-Tech Gründerfonds, Bayerische Beteiligungsgesellschaft, Wenvest Capital, AVG Vermögensverwaltung and P+W Media are also investing. Some Dracoon managers are also investing. This means that the start-up has raised five million euros.

Dracoon describes itself as a market leader in the field of enterprise file services. With its platform, customers can store and transmit their data in an encrypted and secure manner. Only authorized users have access rights, even Dracoon itself cannot view the data. CEO Arved Graf von Stackelberg believes his offering is especially necessary today: "Especially in times of the current pandemic, the need for cloud solutions is greater than ever, and we help businesses ensure maximum security when working from home."

The platform will use the money to further expand its reach and its own position.