RushFiles receives DKK 19m in expansion funding

The fresh capital will be used to support the expansion of RushFiles' presence in the international cloud storage market. The company will also place a heavier focus on increasing its competitiveness.

Company
RushFiles provides a similar service to cloud-based storage firms such as Dropbox or Google Drive, but allows the user to control the global location of their files and the server on which it is kept. This potentially allows users of the service to keep their data in countries where it is best protected from threats such as government intrusion.

The company launched in Denmark in December 2013, initially raising more than DKK 9m in equity.

RushFiles' services are now used in nine countries; the company's client-base notably includes Denmark's largest telecoms business, TDC.

RushFiles has 10 employees with Danish offices in Copenhagen and Aarhus and another in Munich, Germany. It plans to move to a head office in Horsens in Denmark by the end of the year.

People
Morten Klank is the CEO and co-founder of RushFiles. Insero investment manager Morten Dahl Iversen is chairman of the board for RushFiles. Vækstfonden's Jakob Fuhr Hansen is investment manager and worked on the deal.

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• Topics
• Nordics
• Technology
• Expansion
• Denmark
• Internet