The company intends to use the fresh capital to consolidate and expand its position in the market for cloud collaboration governance software. Startup scale its product offering and acquire additional medium-sized companies as customers. Munich offers companies a tool for managing and supporting cloud environments such as Microsoft 365. Rencore was founded in Sweden in 2013 by Torsten Mandelkow and Matthias Einig, then consultants for the Microsoft SharePoint solution, and is now based in Munich.
“Capnamic shares our enthusiasm for the ambition to further expand our leadership position in the cloud collaboration governance software market,”
says Torsten Mandelkow, CTO and one of the two co-founders of Rencore.
“Thanks to the foundations we have laid over the past two years, we are now able to expand significantly with this investment to meet increased market demand.”
Rencore is to be established as a “global champion”
Christian Siegele, Managing Partner at Capnamic, says:
"The increasing shift of IT spending to the cloud is increasing the pressure on companies to ensure the secure and efficient operation of their cloud applications. Rencore's governance solution is already being used by well-known companies around the world, underscoring its technological leadership. We look forward to supporting the passionate team around Matthias and Torsten in establishing Rencore as a 'global champion' for cloud collaboration governance solutions."
