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Impossible Cloud - Equity Financing
Overview
Funding Date
March 1, 2023
Financing amount
$7M
Valuation
--
Category
About Impossible Cloud - Equity Financing
Impossible Cloud, a Germany-based decentralized cloud platform, raised $7 million in seed funding, led by HV Capital and 1kx. The equity round, which closed last month, featured participation from Protocol Labs, TS Ventures and Very Early Ventures. The startup began fundraising toward the end of the third quarter of last year.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Germany | 2000 | 9 | -- | ||
| Fund | Netherlands | 2017 | 81 | -- | ||
| Lab | United States of America | 2014 | 70 | -- | ||
| Fund | Germany | 2012 | 1 | -- | ||
| Fund | Unknown | -- | 5 | -- |
Founders & Team
Dr. Kai Wawrzinek
Christian Kaul
Company Profile / Project Introduction
Impossible Cloud is a Germany-based decentralized cloud platform. The decentralized cloud architecture outperforms current cloud solutions and puts users in control of their data. Impossible Cloud offers businesses the benefits of web3 technology for faster, cheaper, more secure cloud storage without requiring tokens or wallets. Whether you're looking for a high-performance, lower cost alternative to public cloud storage or a scalable alternative to private cloud storage, Impossible Cloud offers industry-leading availability, durability, and security for a fraction of the cost.