Transaction Details

February 10, 2021
Zurich

Sector

Financial Technology and Services

Deal Type

Private placement, ESG

Deal Team

Thomas Egli, Alexander Grünwald, Daniel Fritz, Daniel Schreiber, Dominik Lalla

GCA Altium advises COMPEON on a Series C financing round

GCA Altium has advised COMPEON, Germany’s largest platform for SME financing solutions, on raising EUR 15m in a Series C funding.

The European venture capital specialist Iris Capital, NRW .BANK, the largest state development bank in Germany, and Qatar Development Bank (through its investment subsidiary Yellow Services) participated in this financing round alongside all existing investors.

COMPEON was founded in 2012 and is headquartered in Düsseldorf, Germany. The firm has established itself as the leading independent full-service provider for SME financing in Germany. Firms, their advisors, freelancers and self-employed workers use its platform and advice for quick access to the best financing solutions for them as well as the best related interest rates, terms, equity and collateral. Today, around 300 commercial banks as well as other financial service providers offer financing solutions through the platform and more than EUR 1.4bn has already been brokered to companies via various financing products.

COMPEON’s new investors bring exciting opportunities in terms of business development and future collaborations. Both Iris Capital and Qatar Development Bank offer robust, wide-branching networks and enjoy tremendous international experience which will boost COMPEON’s expansion. As one of the leading SME catalysts in Germany, NRW .BANK is a key addition to the COMPEON shareholder group as subsidies have been an important pillar in the financing mix of medium-sized companies. COMPEON wants to further simplify and expand access to subsidies for companies via its platform. The existing investors are Tengelmann, b-to-v Partners, and Dieter von Holtzbrinck Ventures (DvH Ventures).

“We are very happy to welcome new investors who bring extensive experience and market knowledge in addition to capital for the further scaling of our business model, as well as the commitment of all existing investors. This new round will allow us to keep on investing in growth and consistently expand our market leadership,” said Dr Frank Wüller, co-founder and managing director of COMPEON.

“The COVID pandemic has made many SMEs and financial service providers painfully aware of the digital backlog when it comes to granting corporate loans. Through this complex period, COMPEON demonstrated its central role as a user-friendly and customer-oriented platform between SMEs and the variety of financial service providers. The start-up thus quickly and efficiently supported entrepreneurs, saving them from the administrative burden and time spent searching for the best financial partner while helping financial service providers source targeted financing requests, driven by technology and data. Many banks are still in their early digital age, making us confident about COMPEON’s growth potential and we look forward to accompanying the team on its way,” added Thorben Rothe, Partner at Iris Capital.

Related Transactions

Previous
All transactions