Having raised an unexpected $4M, record-breaker Protonet ends crowdfunding drive (for now)


The Hamburg-based secure server firm Protonet made history earlier this month when it raised $1 million through crowdfunding in a mere 89 minutes, smashing the Veronica Mars movie’s 4-hour record for hitting the same milestone. Now Protonet has closed its crowdfunding round at €3 million ($4.1 million).

That’s not bad for a funding round that originally sought €500,000, then upped the limit to €1.5 million once the Protonet team realized people really liked the idea of its Maya server for small teams who want to collaborate securely. Then it raised the limit again but, according to business development chief Philipp Baumgaertel, « obviously at some point we had to say this is enough money for us to last the next 12 months. »

« We were getting lots of calls and emails from hundreds of people saying ‘We want to invest, please come on, re-open’, » Baumgaertel said of the repeated decision to…

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