Rencore, a Munich, Germany-based provider of award-winning software for governing cloud collaboration technology, announced the completion of a $4 million in Series A funding.
The round was led by renowned venture capital investor Capnamic, coming at a time of significant growth for Rencore.
With the investment, Rencore will scale its product offering and continue to reach both small-medium businesses and enterprises internationally.
Rencore also plans to significantly grow its team and partner distribution channel to cement its place as the leader in the cloud collaboration governance space.
Company: Rencore GmbH
Raised: $4.0M
Round: Series A
Funding Month: May 2022
Lead Investors: Capnamic
Additional Investors:
Company Website: https://rencore.com/
Software Category: Governance Software
About the Company: Rencore is a B2B software company providing award-winning solutions essential for staying in control of cloud collaboration technologies. Rencore customers rely on our tools to simplify, automate, and speed up their everyday governance, risk, and compliance challenges. 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. Rencore’s award-winning product Rencore Governance empowers organizations to enforce a future-proof cloud collaboration governance strategy.
Source: https://rencore.com/blog/rencore-completes-4-million-us-series-a-funding-round-accelerate-cloud-collaboration-governance-expansion/