Cakewalk, a Berlin, Germany-based SaaS Identity and Access Management solution, closed a €3 million funding.
The round was led by Fly Ventures, a prominent venture capital firm, with participation from Seedcamp, Possible Ventures and notable Business Angels.
The company emerges from stealth today after 12 months of running a closed beta with leading IT and Security teams. The investment will support Cakewalk's growth and further development of its Identity & Access Management solutions for SMBs.
Cakewalk first product provides an easy-to-use, employee-friendly Access Management solution that enables companies to manage their employees’ access to SaaS applications while keeping their apps compliant and secure. With a design-first approach and highly intuitive UX, it supports both IT & Security teams and employees – the direct users of software applications.
Johannes Keienburg, CEO and Co-Founder of Cakewalk highlights: “We are living in an era of rapid software evolution. Cakewalk’s mission is to enable everyone in fast-moving companies to adopt the best software applications. And still stay in control over them.”
Company: Cakewalk Technology GmbH
Funding Month: June 2023
Lead Investors: Fly Ventures
Additional Investors: Seedcamp and Possible Ventures
Company Website: https://www.getcakewalk.io/
Software Category: Identity & Access Management
About the Company: Founded in 2022 by Johannes Keienburg, Gil Roeder, and Gonzalo Rubio Torrente, Cakewalk is a SaaS (Software as a Service) company that provides Identity & Access Management solutions for small and medium-sized businesses (SMBs). The company's platform provides a centralized way to manage user identities and access permissions including a user-friendly interface and integration with popular applications and cloud services, enabling companies to regain control over the software they use and to improve security posture, user productivity and reduce IT costs.