Dracoon secures €5M in a round led by Round2 Capital

Dracoon GmbH, a Regensburg, Germany-based provider in the enterprise file services sector, announced closing €5M ($5.9M) in a financing round.

The money was raised from the Austrian investment company Round2 Capital and he German Experium and includes contributions from the existing shareholders the High-Tech Gründerfonds, WENVEST Capital, AVG Vermögensverwaltung, Bayerische Beteiligungsgesellschaft (BayBG), P + W Media and a few people from the company's management.

The proceeds will be used to further expand the technological platform and to drive growth through market penetration in the focus industries.

Dracoon, founded in 2010 and led by Arved Graf von Stackelberg and Björn Momsen, operates a service for enterprise filesharing in the German-speaking area.