Rencore raises four million US dollars
Anna-Lena Malter
| 18.05.2022
The Saas provider secures four million US dollars. The money will be used to improve its in-house cloud collaboration technology.
Software provider Rencore has closed its Series A funding round of four million US dollars. The round was led by Capnamic Ventures. The company plans to use the money to further improve its technology.
Founded in Munich in 2013, the startup offers software that enables companies to manage the use of cloud collaboration services such as Microsoft 365. The market for these services is growing rapidly, expected to reach $66.92 billion by 2026, up $35.14 billion since 2020. Rencore's product, Rencore Governance, enables organizations to enforce governance strategy for dealing with these offerings.
"We are very excited to close this Series A funding round with Capnamic," said Matthias Einig, CEO and co-founder of Rencore. "Capnamic is not only financially invested, but also highly experienced in helping technology startups, and SaaS providers in particular, succeed at the next level.
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