Five million euros for Dracoon

Storing data securely, protected from any possibility of access - that is the promise of the start-up Dracoon with its platform. It has now raised five million euros in a recent financing round.

The IT security start-up Dracoon can look forward to 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. The start-up has thus raised five million euros.

Dracoon describes itself as the market leader in the field of enterprise file services; its platform enables customers to store and transfer their data securely and in encrypted form. Only authorized users have access rights, and Dracoon itself cannot view the data. Managing Director Arved Graf von Stackelberg believes his offering is particularly necessary today: "Especially in times of the current pandemic, the need for cloud solutions is greater than ever and we are helping companies to ensure maximum security when working from home."

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