ownCloud is a Nürnberg, Germany–based provider of open source software for enterprise file access. The company offers an enterprise Universal File Access platform that gives IT visibility and control to manage sensitive data, preserve business processes, and integrate with existing compliant infrastructures while providing users a modern collaboration experience. Leadership includes new CEO Tobias Gerlinger and COO and founder Holger Dyroff; Markus Rex is retiring from active management and will join the Advisory Board. ownCloud will use the financing to continue development of its enterprise file sync & share solution. The company secured millions in financing from a group of investors. The funding involved a change in ownership with a majority stake acquired by the investor group. ownCloud offers an enterprise-class, on-premises file sync and share platform that enables businesses to host their own storage or use third-party storage of their choice. The product is positioned as an alternative to relying on third parties for file storage and syncing. The company is led by CEO Markus Rex and was founded in 2011. ownCloud is headquartered in Lexington, MA, with European headquarters in Nuremberg, Germany. The company plans to use new funding to expand marketing, sales and development efforts in the US and Europe. Its recent financing enhances its ability to invest in growth while maintaining its open-source roots. ownCloud provides a hybrid on-premise cloud storage and file-sync/share platform that lets organizations run the server on their own or trusted providers' infrastructure while offering desktop and mobile clients that can be fully branded. The company’s open-source software has 650,000+ users worldwide, and its commercially supported offering launched in April and now has more than 100 customers and resellers. ownCloud sells through a partner channel (70+ partners) and targets expansion into large enterprise and education customers as well as support service providers. The startup is Boston-headquartered and was founded last year. Financially, ownCloud has closed a $2.5M second seed round, previously raised $820,000 in a first seed round, and reports total funding to date is close to $4M. ownCloud is a cloud storage and sharing startup that provides universal access to files through a web interface or WebDAV. The platform also lets users view and sync contacts, calendars and bookmarks across devices and supports basic in‑web editing. The company is based in Lexington, MA. According to federal filings, ownCloud has been raising a $1.25 million funding round. To date it has taken in $820,000 of that planned $1.25 million. Nine separate investors participated in the offering.

Total raised

$10M

Funding rounds

4

Latest round

Series A

Latest activity

Mar 2014