Partech et al. inject €32m in Lendix

Previous backers Partech, CNP Assurances, Decaux Freres Investissements and Matmut reinvested in the business.

New investors include Idinvest Partners, CIR (an Italian company listed in Milan and majority owned by the De Benedetti family) as well as insurance company Allianz.

Partech has backed the business at different stages of its funding cycle. The VC firm first injected €8m in a seed round in 2014, then €3.2m in a series-A round in 2015 and €12m in a series-B in 2016.

The series-B saw CNP Assurances, Decaux Freres Investissements, Matmut, Sycomore Factory, Weber Investissement and Zencap invest alongside Partech.

The startup plans to open facilities in Germany and the Netherlands before the end of 2018 and pursue international expansion in 2019.

Company
Founded in 2014 and headquartered in Paris, Lendix is a crowd-lending platform accessible to both private individuals and institutional investors. It currently operates in France, Spain and Italy.

The business allows lenders to invest their savings while businesses find new sources of finance independently of banks.

People
Idinvest – Matthieu Baret (partner).
Partech Ventures – Philippe Collombel (co-managing partner).
Lendix – Olivier Goy (CEO), Benjamin Netter (CTO).

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• Topics
• Expansion
• France
• Financials
• France
• IDInvest Partners (AGF Private Equity)
• Partech Ventures