# Impossible Cloud

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/impossible-cloud

- Industry: Internet
- Headquarters: Hamburg, Germany
- Website: www.impossiblecloud.com
- Total disclosed funding: $7.4M
- Latest round: Seed (Dec 9, 2022)
- Investors on record: 5

## About

Based in Germany, and founded in 2021 by Christian Kaul, Daniel Baker, and Dr. Kai Wawrzinek, Impossible Cloud operates as a software company that provides a cloud platform that offers decentralized, multi-service cloud solutions. In February 2023, Impossible Cloud raised EUR 7 million in seed funding co-led by HV Capital and 1kx, with participation from Protocol Labs, Inc., TS Ventures, and Very Early Ventures.

Impossible Cloud is a creator of a decentralized cloud platform built on web3 technology to provide enterprise-grade cloud storage resolution. The company's first cloud service is domain-compatible object storage that is fast, outage-proof, and secure with end-to-end encryption to ensure user information security, enabling hardware owners to provide the infrastructure for the platform and developers to build enterprise-grade cloud services on top of it.

The company provides a pricing plan of USD 12 per TB for users and USD 9.99 for 1 TB storage, USD 19.99 for 2 TB storage, USD 49.99 for 5 TB storage, and USD 249.99 for 25 TB storage.  

The company plans to use the February 2023 funding to accelerate the market entry of its cloud storage solution.

## Funding rounds

- Seed, Dec 9, 2022, $7.4M — HV Capital, TuvaLabs, 1kx Ventures, TS Ventures, Very Early Ventures

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Seed
- TuvaLabs — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed
- TS Ventures (https://capitalatlas.ai/funds/ts-ventures) — Seed
- Very Early Ventures (https://capitalatlas.ai/funds/very-early-ventures) — Seed