Polytech Ecosystem Ventures joins CHF 3.5m series-A for Lend

Existing investors provided nearly half of the funding round, while PEV and business angels contributed the majority of the series' equity.

With the fresh funding in hand, Lend will seek to increase and improve its platform's automation, as well as increase customer usability and marketing in its native Swiss market.

In addition to the series-A, Lend also announced the appointments of Stefan Jaecklin, the former head of financial services consulting company Oliver Wyman Switzerland; and Luzius Anderegg, senior software developer at Ergon Informatik.

Lend raised a seed round of CHF 1.65m in June 2016.

Company
Based in Luzern, Lend is a crowdlending platform in the Swiss market.

The company said in a statement that it had attracted more than 4,000 users and funded 300 projects since launching in January 2016.

People
Polytech Ecosystem Ventures – Guillaume Dubray (managing partner).

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• Topics
• Expansion
• Technology
• DACH
• Fintech
• Switzerland
• Crowd funding
• Venture