gridscale in the fast lane: additional growth capital for further expansion

from 28.10.2020

Cologne, Germany, 28th October 2020 – gridscale GmbH, the Cologne-based cloud technology provider, is accelerating the further expansion of its business activities, supported by additional capital from the financing platform, creditshelf.

The Frankfurt-based SME financier is convinced of the great potential of digital cloud infrastructures and will support gridscale in the further development of its technology and sales roll-out in the market, with seven-figure growth financing.

Cloud Computing as the prerequisite for any digital strategy

“For some time now, German companies have been under pressure to become more agile, more flexible and, above all, more digital. The Corona pandemic has once again considerably increased this pressure to act,” explains Henrik Hasenkamp, CEO and co-founder of gridscale. “With our cloud solutions, which can be implemented simply and easily, we can provide particularly rapid and effective support and are in a promising position to make a significant contribution to these developments.”

Data protection as a competitive advantage
In recent years, gridscale has grown and developed successfully as an attractive alternative to large international public cloud providers. German medium-sized businesses in particular appreciate not only the scope of services and greater customer proximity it provides, but also the security and reliability of working with gridscale. According to the research report, BITKOM Cloud Monitor 2020, GDPR-conformance and legal certainty are key deciding factors for German businesses when choosing a cloud service provider. The current abolition of the EU-US Privacy Shield and the ongoing discussions about questionable data protection by global cloud providers reinforce this need and increasingly lead customers to established domestic cloud providers, such as gridscale.

Business and portfolio expansion
gridscale wants to use the expansive momentum in the market strategically, and will use the financing module from creditshelf to further push business growth and product development going forward. In addition to the functional expansion of the public cloud platform, the focus will be on extending the Hybrid Core technology. With the new Hybrid Core, gridscale addresses the rapidly growing market for hyperconverged infrastructure for private cloud workloads. gridscale customers are therefore able to transfer their existing IT into a modern cloud infrastructure and continue to use it in hybrid mixed models.

Trust-worthy long-term cooperation

“Cloud Computing forms the backbone of digitisation and is at the centre of every future-oriented corporate strategy. The business model, as well as the future protentional of gridscale, convinced us immediately,” says Dr. Daniel Bartsch, co-founder and CEO of creditshelf. “At the same time, as a FinTech company with a digital background ourselves, we understand the necessity of investing now in a targeted and rapid matter in order to quickly expand the position in the market. We are looking forward to successful cooperation with a company in such an expansive environment.”

creditshelf AG is one of the leading platforms for the digital financing of medium-sized businesses and arranges flexible debt financing for fast-growing companies such as gridscale, which are refinanced by institutional investors via its own platform. “With creditshelf we encounter a lot of market intuition and expertise, in conjunction with a fast and wholly uncomplicated processing,” adds gridscale CEO Henrik Hasenkamp. “Both of these factors are perfectly aligned with our own self-concept as a cloud service provider and thus creates the best possible conditions for a trusting, long-term cooperation.”

About gridscale
gridscale, IaaS and PaaS provider headquartered in Cologne, stands for easy-to-use and flexible cloud technologies. Via an intuitive interface, the IT infrastructure can be managed by people without in-depth IT know-how and a Kubernetes environment even facilitates the management of cloud-native workloads. Thousands of companies, agencies and managed service providers already rely on gridscale to implement and operate their digital projects – from high-traffic web shops to complex SaaS or enterprise IT solutions. White label options are available to resellers and with the gridscale software ‘Hybrid Core’ data center operators themselves can become cloud providers. gridscale with its about 100 employees is led by Henrik Hasenkamp and Felix Kronlage-Dammers.

About creditshelf
creditshelf is the leading credit platform for digital SME financing in Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company arranges bank-independent, flexible financing solutions via a constantly growing network. creditshelf thereby combines complementary needs: while medium-sized entrepreneurs can easily access attractive financing alternatives, institutional investors can invest directly in German medium-sized businesses and cooperation partners can support their clients as innovative providers of new credit solutions. The core of creditshelf’s business model is a unique, data-based risk analysis, as well as unbureaucratic, fast and digital processes. The entire value chain comes from one source. The creditshelf platform is used for the selection of suitable credit projects, the analysis of the creditworthiness of potential borrowers, the provision of credit scoring as well as risk-adequate pricing.

creditshelf has been listed in the Prime Standard Segment of the Frankfurt Stock Exchange since 2018. creditshelf's team of experts have many years of experience in SME financing and are a trustworthy partner and visionary for the entrepreneurship of tomorrow.

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