Rencore develops software for secure and efficient collaboration in the cloud. The software The Munich-based startup's software helps companies quickly and reliably identify, manage, and control uncontrolled growth within collaborative services like Microsoft 365. Rencore aims to make IT governance scalable through comprehensive insights, tips, and best practices, as well as built-in process automation.
Now the startup, after already receiving €3.75 million from Capnamic in 2022, Rencore is completing further growth financing. Investors UVC Partners and Capnamic are investing a total of €7.5 million in the company. Rencore aims to use the fresh capital to accelerate the growth of its cloud collaboration governance offering and establish itself as a leading provider in the market.
Matthias Einig, CEO and co-founder of Rencore, says:
"It's great to bring in investors who see the enormous market potential in the field of digital work platforms and attest to our unique market position. Rencore is able to equip every company with a customized solution for managing a wide range of cloud services that meets all IT security requirements. Our vision is to provide every employee with an optimal infrastructure for digital collaboration that represents the perfect balance between security and efficiency – across any cloud service."
“Rencore has the strongest solution on the market”
Torsten Mandelkow, CAA and co-founder of Rencore, adds:
"With today's funding from UVC Partners, we can begin to further scale our business and expand our offerings to enterprises. Rencore not only provides them with complete control and needs-based organization of their cloud collaboration services and environments, but also provides them with years of expertise that makes implementing the solution very simple and cost-effective."
Oliver Schoppe, Principal at UVC Partners, explained:
"Whether it's new ways of working, the trend toward hybrid working, or simply the reduction of travel for environmental reasons: the need for cloud-based collaboration will continue unabated. However, more and more companies are now recognizing the challenge of keeping the use of cloud services secure, efficient, and compliant. Rencore has the strongest solution on the market for this and already serves many major customers in Europe and North America. We are pleased to support them in this important mission."
