Vitruvian backs credit-comparison site Smava

Vitruvian closed its third fund on its €2.4bn hard-cap in June this year. The vehicle typically writes equity cheques of €25-200m.

Previous funding
Smava has raised more than €60m in previous funding rounds, according to press reports.

Earlybird Venture Capital was the company's first institutional investor; the VC firm led a €4m financing round in May 2007. It was joined by Neuhaus Partners in October 2008 for another €3.17m round and both investors returned alongside Phenomen Ventures for a €10.81m round in April 2015.

Finally, Earlybird, Runa Capital and Verdane Capital Partners took part in a $24m series-C round for Smava in October 2016. Verdane had previously acquired Neuhaus's stake in the business.

Company
Founded in 2005 and based in Berlin, Smava is a marketplace connecting private borrowers with banks and private investors. It offers instant credit, personal loans and loan comparison.

The startup claims it originated a loan volume of $3bn to date. Smava has 300 employees.

People
Smava – Alexander Artopé (CEO).

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