Alpana invests CHF 6m in Lend

The Geneva-based VC focuses on supporting the expansion of European startups into Silicon Valley and Asia.

Lend will use the fresh capital to further digitalise its platform, professionalise new business areas and secure institutional credit facilities to finance loan projects.

Previous funding
Swiss-American venture firm Polytech Ecosystem Ventures (PEV) led a CHF 1.65m seed round for Lend in June 2016 and a CHF 3.5m series-A in April 2017.

Company
Lend is a marketplace lending platform, allowing credit investors to connect with borrowers directly. Lenders have access to risk-relevant information from prospective borrowers and can allocate funding across projects with different risk profiles and maturities. Most of the credit projects are protected by Helvetia insurance against unemployment, disability and death.

People
Alpana Ventures – Pascal Widmer (managing partner).
Lend – Florian Kübler (CEO).

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• Topics
• Expansion
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