Protonet Betriebs GmbH filed for insolvency after failing to secure the next financing round.
SourcePublic company, workplace, funding, and market signals
Protonet is a Hamburg-founded private-cloud collaboration company built around SOUL, a product that combines team communication, file sharing, task management, calendars, and browser/mobile access with a strong data-sovereignty message.
Primary product
Protonet SOUL
Founded
2012
Headquarters
Hamburg, Germany
Team size
1-10 employees
Industry
IT Services and IT Consulting
Sub-industry
private cloud collaboration software
Offices
Business model
Stage
seed / venture
Total raised
$7.7M
Latest round
Venture Round · Jun 2016
Latest amount
$1.6M
Leadership
President / CEO
Founders
Co-founder
Investors
Mission-driven around data sovereignty and a decentralized DNA; the careers page describes the workplace as fast-paced, challenging, and focused on results rather than perks.
Pricing
Subscription SaaS plus hardware/software bundles; trial and demo-led sales are offered for the cloud product.
Differentiators
Technology
Estimated revenue
approx. $6.7M–$10M ARR (public estimates)
Estimated monthly visits
466
Traffic estimate as of Jun 2026
Business Insider Deutschland · Mar 2020
Details Protonet's comeback, ongoing legal disputes, customer growth to about 500, and the possibility of an eventual sale or exit.
Handelsblatt · May 2018
Shows Jelveh relaunching Protonet around SOUL, with the company trying to rebuild after the insolvency and prior restructuring.
HORIZONT · Apr 2017
Describes the post-insolvency restructuring and layoffs, including the reduction from 16 staff to 6.
t3n · Feb 2017
Reports the insolvency filing after the company failed to close the follow-on financing round; notes the domains and customer notifications around the shutdown process.
0 jobs at Protonet
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Customers
Competitors
Crowdinvestors publicly challenged the Y Combinator restructuring over valuation, fund use, and the split of the operating business away from the crowd investors.
Business Insider reported Ali Jelveh's comeback while noting unresolved court disputes and delayed acquisition talks.
Sourcet3n · Apr 2016
Covers the Y Combinator deal, investor backlash, valuation concerns, and the restructuring that split the operating company from the crowd-investor vehicle.