Secucloud Crowdfunds €500,000 on Seedmatch in Less Than 2 Days

Secugate RouterHamburg, Germany based tech startup Secucloud has broken a record:  raising 500,000 euros  via crowdfunding in just one day, ten hours and four minutes on German platform Seedmatch.

“We are incredibly happy about the successful financing and are very thankful to the investors for their trust,” says Secucloud founder and CEO Dennis Monner. “The quick financing shows that our product meets a large demand. A simple and cost-effective solution for the IT security of private individuals and small businesses is a hot topic.”

Together with an additional funding campaign on the American platform Kickstarter, which is expected to start next Friday, all of Secucloud’s capital requirements can be covered by crowdfunding. The SecuBox+ and complementary security apps are now being developed at great speed.

The goal of Secucloud is to offer internet security at a very high-end  to all users. To achieve this SecuBox+ will replace the home wireless router and channel the Internet connection of all devices over a secure VPN tunnel to the German Secucloud server. There, a high-end security system will ensure that Trojans, spyware, viruses and other malware are filtered out reliably.

secucloud conceptIn addition, the users will receive further added value. Parents can, for example, reliably limit the use of social networking platforms or online games for their children. Small businesses can spare themselves an IT security service provider. Even those who travel with mobile devices outside their own WIFI connection will remain protected permanently thanks to the mobile Secucloud application. With it, Secucloud replaces the standard security software on each individual device, which is often implemented poorly or not kept updated. In the future, every Secucloud client will be able to achieve high security standards similar to those of large businesses at an extremely reasonable price and without putting in the effort for maintenance and updates.

The seed round valued Secucloud at €2.5 Million ($3.364 Million).  451 investors participated in the equity.  The funding round was increased to the €500,000 from €250,000 as demand for equity far surpassed initial expectations.


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