Tengelmann leads €12m series-B funding round for Compeon

Existing investors BtoV Partners and Dieter von Holtzbrinck Ventures (DVH) also took part in the round.

The fresh capital will be used to support the development of the company's IT platform. It will also expand into the area of acquisition financing.

Previous funding
In July 2014, DVH structured a round of early-stage funding for Compeon. Terms of the deal were not disclosed.

DVH subsequently took part in the company's €2.5m series-A alongside Tengelmann and Holtzbrinck.

Company
Founded in 2012, Compeon is a cross-product financial portal for small and medium-sized businesses. On the portal, companies can place financing requests directly or through consultants. Compeon structures the requests and forwards them to the affiliated financing partner network.

The firm has a network of 220 banks and alternative lenders and can now offer mezzanine financing and acquisition debt. Its average financing volume is €700,000 and it says it has arranged €2.5bn in transactions to date. The company is headquartered in Emsdetten, Germany.

People
Compeon – Frank Wüller (managing director).

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• Topics
• Expansion
• DACH
• Financials
• Germany
• Holtzbrinck Ventures
• Venture