VCs in €15m funding round for Compeon

All existing investors also participated in the round, including Tengelmann Ventures, B-to-V Partners and Dieter von Holtzbrinck (DVH) Ventures, according to a statement.

Following the round, Compeon intends to simplify and build its platform to allow more SMEs to access financing. Compeon also expects new investors Iris Capital and QDB will be able to assist the business with its international expansion.

Previous funding
In July 2014, DVH backed an early-stage round for Compeon.

DVH also backed a €2.5m series-A funding round for Compeon in November 2015, investing alongside Tengelmann.

In October 2017, Tengelmann led a €12m series-B funding round for the company, backed by B-to-V and DVH.

Iris made a further investment in Compeon in April 2020.

The company has now raised €35m in funding, Compeon said in a statement.

Company
Founded in 2012 and headquartered in Berlin, Compeon provides a financing marketplace for SMEs. The platform offers products from financing providers including mezzanine capital, private debt, acquisition finance and private debt. Approximately 300 banks and financial services offer financial products via its platform, according to a statement. The company employs 69 staff, according to LinkedIn.

People
Compeon – Frank Wüller (co-founder, managing director).
Iris Capital – Thorben Rothe (principal).

Advisers
Company – Poellath, Christian Tönies, Sebastian Gerlinger, Markus Döllner, Philip Mostertz (legal).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany
• Iris Capital