Vawlt Secures €2.15 Million in Funding
Vawlt, a Lisbon, Portugal-based startup that provides multicloud Storage-as-a-Service solution, has secured €2.15 million, bringing its total funding to €3 million.
Vawlt, a Lisbon, Portugal-based startup that provides multicloud Storage-as-a-Service solution, has secured €2.15 million, bringing its total funding to €3 million.
Investors
The investment was from Lince Capital, Basinghall, and Beta Capital, along with continued support from Armilar Venture Partners and Shilling VC, as well as additional investment from former Cisco and OVHcloud executives acting as business advisors.
Founded in 2016, Lince Capital is a venture capital firm based in Lisboa, Portugal. The firm prefers to invest in seed-stage, early-stage, growth-stage, and later-stage companies.
Basinghall Partners is a venture capital investment firm based in London, United Kingdom. Founded in 2017, the firm invests in European early-stage technology companies that enable digital transformation across industries.
Beta Capital is a specialist venture capital firm investing in new technology-based projects at their early stages (seed capital and start-ups).
Vawlt Use of Funds
The company plans to use the funds to expand into new markets, reinforce support for channel partners, and further innovate its "supercloud" distributed storage system, which ensures data availability and security while offering tailored storage solutions for various data needs.
About Vawlt
Founded in 2018 by Ricardo Mendes, Tiago Oliveira, and Allysson Bessani, Vawlt provides an all-in-one SaaS solution for data storage in a multicloud journey. The company solution simplifies the operation of multiple clouds, improves data security standards, and optimizes the usage of storage resources. It also offers the capability to set up customized data storage volumes according to specific needs like price, performance, location, or compliance, enabling companies to reduce their maintenance and operational costs.
Funding Details
Company: Vawlt Technologies, S. A.
Raised: €2.15M
Round: Unknown
Funding Month: March 2024
Lead Investors: Lince Capital, Basinghall, Beta Capital
Additional Investors: Armilar Venture Partners, Shilling VC
Company Website: https://vawlt.io/
Software Category: Data Storage Solution
