Gridscale raises €7 million to fuel growth

Amsterdam-based VC Endeit Capital is co-leading this €7 million financing round together with EnBW New Ventures, and participation of existing shareholders EnjoyVentures and HTGF.

Gridscale will use the funds for additional key hires, further build out its leading tech offering and accelerate international expansion.

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raises €7 million from

SaaS & Software

Press release (extract)

Leading European corporate finance boutique Clipperton is proud to announce it acted as sole financial advisor to gridscale – the Köln-based provider of innovative Infrastructure-as-a-Service and Platform-as-a-Service solutions (IaaS, PaaS) – for its €7 million Series-A round. The capital raise is led by Endeit Capital and EnBW New Ventures, with additional participation from existing investors EnjoyVenture (BLSW Seed- & Wachstumsfonds) and High-Tech Gründerfonds. The investment will support further platform development and underpin gridscale’s global expansion. READ FULL PR

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