The German email provider Open-Xchange completed a funding round of 21 million euros led by Iris Capital, via its Iris Next fund. Historical investors, including eCapital Entrepreneurial Partners, also participated in the transaction.
Founded in 2005 by Martin Kauss, Frank Hoberg and Rafael Laguna, Open-Xchange develops an open source collaboration and messaging solution that allows the recording of contacts, appointments, tasks, emails, bookmarks or even documents. Over a hundred telecommunications companies and Internet service providers, including GoDaddy, Proximus and Vodafone, offer Open-Xchange software to their more than 200 million general public and professional customers.
In its business segment, the German company has to deal with other players who offer similar solutions. Among them, we find in particular the open source messaging Zimbra.
The objectives of the Start-up
This new funding should enable the company headed by Rafael Laguna to strengthen its team of 250 experts, 70% of whom work on innovation, development and technical support for solutions. At the same time, Open-Xchange plans to deepen its relationships with its partners and find new customers, mainly in North America, Latin America and Asia.
Open-Xchange: the key data
Founders: Martin Kauss, Frank Hoberg and Rafael Laguna
The head office : Nuremberg (Germany)
Activity: open source messaging and collaboration solution
Funding: 21 million euros in October 2017