Rencore, a Munich, Germany-based software company that provides software for secure and efficient collaboration in the cloud, raised $8 million in funding.
SaaS Investors
Renowned German investor UVC Partners led the financing round.
UVC Partners is a leading Munich- and Berlin-based early-stage venture capital firm that invests in European B2B tech start-ups from pre-seed to Series A. With about €400 million in assets under management, UVC Partners typically invests between €500,000 and €10 million initially and up to €30 million per company. The portfolio includes category leaders in deep tech, climate tech, hardware and software, and mobility with various technologies and business models.
Rencore Use of Funds
The company intends to use the fresh capital to further invest in the growth of its cloud collaboration governance offering and become the leading provider in a dynamically growing market.
About Rencore
Rencore is a B2B software company providing award-winning solutions essential for staying in control of cloud collaboration technologies. The company focuses on offering solutions that enable organizations to effectively manage and govern their cloud collaboration environments. Rencore's diverse, global customer base ranges from mid-sized businesses to enterprises that use their products as SaaS or self-hosted tools. Consultancies and managed service providers build their cloud governance and operations services around Rencore's powerful solutions.
Funding Details
Company: Rencore GmbH
Raised: $8.0M
Round: Unknown
Funding Month: September 2023
Lead Investors: UVC Partner
Additional Investors:
Company Website: https://rencore.com/
Software Category: Cloud Collaboration Governance
Source: https://www.prweb.com/releases/rencore-raises-usd-8-million-to-simplify-cloud-collaboration-governance-301934331.html