Rencore Secures 15 Million Dollars in Extended Series A Funding
Rencore, a Munich-based governance software company, has secured 15 million dollars in an extended Series A round from investors including Hi inov and UVC Partners. The funding round also includes other notable investments in the startup ecosystem, including a 50 million dollar round for robotics company Flexion.
The German and Austrian startup ecosystem shows strong investment activity. Rencore, which provides cloud collaboration governance software for Microsoft 365 environments, has raised 15 million dollars in an extended Series A round from Hi inov, UVC Partners, and Capnamic Ventures. The company plans to expand internationally.
Flexion Robotics raised 50 million dollars from DST Global Partners and other investors to develop AI-powered robot technology. 3Bears, a food startup, received investment from footballer Serge Gnabry. Additionally, Future Energy Ventures closed a 205 million euro fund focused on European energy technology.
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