Impossible Cloud secures 7 million euros in seed financing round
Hamburg-based startup Impossible Cloud recently announced the closing of a 7 million euros seed funding round. The money will be used to drive the market entry of an innovative cloud storage solution that adopts the decentralization principle of the new Web generation Web3.
Experienced founders and a cloud for Web3
The round is led by HV Capital and 1kx, also participating are Protocol Labs, TS Ventures and very early Ventures. Impossible Cloud was founded in 2021 by an experienced trio. CEO Dr. Kai Wawrzinek is a lawyer and serial founder and has been most successful with mobile game company Goodgame Studios. Also working there was COO Christian Kaul, who in addition held leading positions at Airbnb and Groupon, among others. Finally, CTO Daniel Baker has been able to contribute his IT expertise to a number of companies in Hamburg and Silicon Valley.
According to its own description, Impossible Cloud offers the first cloud storage solution for companies based on Web3 technology. This is usually associated with cryptocurrencies and similar blockchain applications, but the startup does not use them. Instead, it promises a decentralized cloud architecture that offers full control over data and is supposed to be faster, cheaper and more secure than traditional cloud offerings.
