RAIDBOXES receives seed funding to shake up the German webhosting market
Backed up with an investment by High-Tech Gründerfonds (HTGF), three entrepreneurs from Münster seek to revolutionize the German webhosting market / RAIDBOXES is specialized in WordPress and offers a service that makes hosting fast, secure and more conven
“Our customers are people who use WordPress to earn money or to market their businesses. We offer them a service that takes care of all the hosting issues so that they can focus on blogging, selling their products and building their brands”, says Torben Simon Meier, founder and CMO of RAIDBOXES.
“In the US and the United Kingdom WordPress hosting already is a successful business model. The HTGF investment now enables us to bring specialized CMS hosting to Germany and Europe. Of course we need to adapt it to the needs of European internet professionals and evolve our service to provide an ever better and convenient experience”, explains Meier’s co-founder Johannes Benz.
“Our investment is mainly used to fuel RAIDBOXES’ product development. Especially new plans, for example e-commerce and high traffic plans that address news market segments, are extremely promising”, says Niklas Raberg, Investment Manager at HTGF.
Benz and Meier developed the idea for RAIDBOXES in 2015. After they teamed up with their third founder, Marcel Gleis, the technical implementation gained traction. Gleis is a successful entrepreneur and computer scientist. He has been CEO of his own company netzprofis GmbH & Co. KG for ten years. With 15 employees Gleis developed web-based applications for companies of all sizes, for example Tipico. Benz and Meier had been managing their Fintech startup “Cleap” for two years, before they started their own internet agency “gutado” in 2014. Benz graduated in Business Administration at the University of Münster in 2009. Meier is a certificated media designer.
RAIDBOXES offers convenient, fast and secure managed WordPress hosting from Germany. Our customers are internet professionals who value good design and high usability. Founded in 2016, we provide an all-round service that makes hosting as convenient as possible. RAIDBOXES customers have more time to invest in creating websites, selling products or marketing their brands.
High-Tech Gründerfonds Management GmbH
High-Tech Gründerfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gründerfonds invests EUR 600,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gründerfonds has about EUR 576 million under management in two funds (EUR 272 million HTGF I, EUR 304 million HTGF II).