The venture capital companies b-to-v and Tengelmann Ventures together with the senior shareholder Dieter von Holtzbrinck Ventures are investing EUR 2.5 million in the financial portal for small and medium-sized enterprises as a part of a series A financing. COMPEON wants to sustainably expand its leading market position as a B2B financial marketplace.
Emsdetten, 04 November 2015
With b-to-v and Tengelmann Ventures, very prestigious and internationally-oriented investors are joining the B2B financial marketplace COMPEON. Already last year, a known FinTech investor could be gained with Dieter von Holtzbrinck Ventures, who also invested in this round. The funds from this round of financing will go into the setup of the team, the expansion of IT functionalities of COMPEON and into extensive marketing activities.
COMPEON is Germany's first cross-product financial portal for small and medium-sized enterprises. 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. In the process, specialists accompany the requesting companies throughout the entire request, decision-making and implementation process. COMPEON thus combines the best of both worlds - the speed, transparency and comfort of the online channel with the advantages of bank financing - and with this approach strives for a leading market position in digital B2B banking.
"We are very pleased to have very well-known partners on board with b-to-v, Tengelmann Ventures and Dieter von Holtzbrinck Ventures who share our passion and who will sustainably accompany us in expanding our business model", says Frank Wüller, co-founder and managing director of COMPEON.
B-to-v Partners AG is a venture capital fund as well as the leading network of entrepreneurial private investors in Europe. Based in St. Gallen, Switzerland and Berlin, Germany, the company combines the industry expertise and experience of entrepreneurs in its network with the many years of venture capital expertise from its own team. With investment teams in the fields of Internet & Mobile as well as Advanced Technologies, b-to-v Partners invests EUR 25 million into high-growth companies on an annual basis. The joint investment and inspiration of the mutual financial, substantive and personal support from entrepreneur to entrepreneur form the core of the corporate philosophy. Following the merger with RI Digital Ventures in 2015, the third b-to-v fund was set up. Founded in 2000, b-to-v Partners manages assets of more than EUR 200 million. More information can be found at www.b-to-v.com.
Tengelmann Ventures GmbH, a 100 per cent subsidiary of the Tengelmann Group, has taken interest in quickly growing companies under the motto "Funding your ideas" since the end of 2009 and is one of the most important start-up investors in Germany. The investment focus lies in the areas of consumer Internet, marketplaces, classifieds and technology. The company is currently involved in more than 50 start-up companies worldwide. More information can be found at www.tev.de.
DvH Ventures is one of the leading early-stage investors in Germany and has a stake in technology-oriented start-ups who develop disruptive products and services - from FinTech and big data to art and culture, from education and training to mobile advertising. As an independent venture capital company of the same name as the publisher Dieter von Holtzbrinck, DvH Ventures invests with capital, management support and access to the readers of the publishing companies of DvH media (Handelsblatt Publishing Group, Tagesspiegel Group and Die ZEIT Publishing Group). The management is formed by Oliver Finsterwalder, Peter Richarz and Fabian von Trotha. Additional information can be found at: www.dvhventures.de.
Compeon offers small and medium-sized enterprises the opportunity to obtain free, customised financial offers in the products of credit, leasing and investment at currently around 150 affiliated partner banks and leasing companies. Moreover, for the first time Compeon is creating a broad transparency of banking and leasing offers for corporate clients not only in relation to the interest rate, but also in relation to securities, requirements, restrictions and conditions for all products of everyday operation, such as machines and equipment, real estate, vehicles, goods and equipment as well as investments. In total, requests with a volume of over EUR 750 million have already been processed on the portal.
Dr. Nico Peters