# DRACOON

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dracoon

- Industry: Software
- Headquarters: Regensburg, Germany
- Website: www.dracoon.com
- Total disclosed funding: $6M
- Latest round: Series D (Feb 1, 2021)
- Investors on record: 8

## About

Based in Germany, DRACOON GmbH operates a secure file-sharing platform tailored for businesses handling sensitive information, providing compliance with critical regulations like GDPR and NIS-2.Founded in 2008 in Regensburg, Germany, DRACOON GmbH specializes in secure file-sharing solutions. The company has received a total of EUR 5.000 mn in funding through Series D, led by Round2 Capital Partners, with participation from AVG Capital Partners, BayBG, High-Tech Gründerfonds, P&W Media GmbH, and WENVEST Capital. The most recent deal occurred on November 21, 2023.DRACOON offers a secure file-sharing platform designed to meet the needs of businesses managing sensitive data. Their core service is the Zero-Trust Cloud, which facilitates the secure exchange of files while ensuring compliance with stringent regulations such as GDPR and NIS-2. The platform features robust security capabilities, including virus protection, multi-factor authentication, and email encryption, which are critical for industries such as healthcare, finance, and public administration. DRACOON’s solutions are utilized by over 600,000 users across various sectors, including law firms, government agencies, and insurance companies, emphasizing its adaptability and commitment to high-security standards. The geographical markets served include Europe, with a particular focus on Germany, Austria, and Switzerland, where stringent data protection laws drive demand for such secure data management solutions.DRACOON's revenue model is primarily based on subscription services for its secure file-sharing platform, catering to businesses requiring high levels of data protection. Clients engage with DRACOON through various pricing plans, which may include tiered subscription options tailored to different organizational needs. The typical transaction structure involves direct B2B partnerships, where businesses subscribe to DRACOON’s services to facilitate secure communication and data exchange within their operations. Flagship offerings are deeply integrated with existing productivity tools like Outlook and Teams, enhancing usability for end users. Clients benefit from a transparent pricing strategy that aligns with their operational requirements, enabling them to maintain compliance and protect sensitive information efficiently.In November 2023, Kiteworks, a portfolio company of BPEA EQT, acquired DRACOON GmbH to expand its market reach and enhance its content security and compliance platform globally. This acquisition is expected to accelerate growth and facilitate the development of new products designed for enhanced data management solutions.

## Funding rounds

- Series D, Feb 1, 2021, $6M — BayBG, High-Tech Gruenderfonds, AVG Capital Partners, Round2 Capital Partners, P&W Media GmbH, WENVEST Capital
- Series B, Jan 15, 2019 — BayBG, PSP Partners, FBC Partners AG, WENVEST Capital
- Seed, Feb 1, 2010 — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series D
- BayBG (https://capitalatlas.ai/funds/baybg) — Series B, Series D
- PSP Partners (https://capitalatlas.ai/funds/psp-partners) — Series B
- FBC Partners AG — Series B
- WENVEST Capital (https://capitalatlas.ai/funds/wenvest-capital) — Series B, Series D
- AVG Capital Partners (https://capitalatlas.ai/funds/avg-capital-partners) — Series D
- Round2 Capital Partners (https://capitalatlas.ai/funds/round2-capital-partners) — Series D
- P&W Media GmbH — Series D