OwnCloud Inc – the business built on the back of widely used (650,000+ users worldwide) open source file sync and share software ownCloud – has closed $2.5 million in second seed round funding. The round was led by current investor General Catalyst Partners, a growth equity and VC firm, with new investors also signing up. General Catalyst Managing Director, Larry Bohn, will now join ownCloud’s board.
The recent agreement between the US and the EU is the third attempt to secure the transfer of personal data from Europe to the US. Holger Dyroff, co-founder and COO of ownCloud, does not see the new regulatory attempt as a satisfactory solution.