Endeit Capital, EnBW lead €7m series-A for Gridscale

Endeit is currently investing from its Endeit Fund II, which closed on €125m in 2016.

HTGF is currently investing from its High-Tech Gründerfonds III venture fund, which closed on €316m in 2016. The company normally invests between €500,000-3m in companies founded less than three years ago.

The capital will be used to expand Gridscale's range of applications and services, improve technology and enable international expansion.

Previous funding
EnjoyVenture invested €145,000 in Gridscale in an angel round that took place in 2014.

HTGF led a seed round for an undisclosed sum in 2016. EnjoyVenture also participated.

Company
Headquartered in Cologne, Gridscale is a cloud-based, infrastructure-as-a-service and platform-as-a-service provider. The company was founded in 2014 and employs approximately 30 people. It counts Controlware, Komsa, Butlers and Karlsruher Verkehrsbetriebe as clients.

People
Endeit Capital – Martijn Hamann (partner).
EnBW New Ventures – Holger Wagner (senior investment manager).
Gridscale – Henrik Hasenkamp (co-founder, CEO).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• High-Tech Gründerfonds
• Germany