gridscale secures additional capital from the financing platform, creditshelf.

gridscale GmbH, a Cologne, Germany-based cloud technology provider, announced securing capital fundingl from the financing platform, creditshelf.

Financial details of the transaction were not disclosed.

The money will be used to accelerating the further expansion of its business activities and will support gridscale in the further development of its technology and sales roll-out in the market.

gridscale, founded in 2014 and led by CEO Henrik Hasenkamp and Felix Kronlage-Dammers, developed a highly automated architecture in which users can flexibly choose between a multitude of Infrastructure-as-a-Service components and complementary Platform-as-Service elements.

Previously, gridscale raised €7M from investors led by Endeit Capital and EnBW New Ventures in 2019.