Cybersecurity platform Kiteworks acquires Round2 Capital-backed DRACOON; Know more

Round2 Capital, a pan-European software lending firm, has facilitated the sale of all shares in its portfolio company, DRACOON, through a definitive agreement with Kiteworks.

Kiteworks, a US-based cybersecurity platform provider founded in 1999, offers file sharing, managed file transfer, and email data communications with a focus on meeting compliance standards. 

Active globally, Kiteworks empowers organisations to manage risk effectively in the exchange and storage of sensitive content.

This move is part of Kiteworks’ expansion into the DACH markets.

Round2 Capital emerged as a major shareholder in DRACOON through its investment from the fund and a co-investment with Round2 LPs.

What does DRACOON offer?

Founded in 2012, DRACOON is a German software provider that specialises in secure data and file exchange on local infrastructure. The platform offers highly secure, platform-independent file exchange software in both public cloud and on-premises versions. 

With over 500,000 users globally, including companies like Deutsche Bahn, Telekom, and Thyssenkrupp, DRACOON claims to have become a leading cybersecurity company.

Dr. Björn Momsen, MD of DRACOON says, “Together with Kiteworks, we enhance our comprehensive and reliable data security solutions for our customers.”

“Kiteworks’ commitment to national and international security standards aligns perfectly with our focus and that of our customers. We are excited about the opportunities this union brings,” adds Marc Schieder, MD of DRACOON.

Brief about Round2 Capital

Round2 Capital claims to be a fast-growing European investment company. Established in 2017, the firm specialises in supporting European growth companies with digital and sustainable business models.

The firm says it has been at the forefront of pioneering revenue-based financing and contributing to the development of the software lending market in Europe.

Active in multiple European countries, Round2 Capital focuses on Germany, Switzerland, Austria, the Nordic countries, and the UK. Over its tenure, the company has invested in more than 30 companies across nine countries.