Compeon raises €2.5m series-A from Tengelmann et al.

The funds will go into additional hires, the expansion of IT functionalities and into marketing activities.

Tengelmann mainly focuses on early- and later-stage investments in consumer internet companies, internet marketplaces and technology ventures. The VC currently has 50 companies in its portfolio.

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

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 company is headquartered in Emsdetten, Germany.

People
Frank Wüller is the co-founder and managing director of Compeon.

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• DACH
• Expansion
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• Germany