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POELLATH advises COMPEON on EUR 15 million funding round

COMPEON, an online platform for commercial financing, has successfully closed a EUR 15 million Series C funding round.

New investors include European venture capital firm Iris Capital, German state development bank NRW-Bank and Qatar Development Bank. In addition, all existing investors, including Tengelmann, B-To-V Partners and Dieter von Holtzbrinck Ventures, also participated in the round. Including the new round, COMPEON has raised approximately EUR 35 million over the past four years.

COMPEON is a full-service provider for SME financing in Germany that operates independently of products and providers. The aim of the B2B provider is to quickly offer companies, freelancers and the self-employed the best financing solution through the platform, as well as the best conditions in terms of interest rate, term, equity and collateral. In addition to credits, loans and leasing, COMPEON also arranges factoring and alternative financing such as mezzanine capital, purchase and project financing or private debt. To this end, the company works with more than 300 established banks, savings banks and alternative finance partners. According to its own information, COMPEON has brokered financing worth an aggregate of EUR 1.4 billion since its market launch in 2015.

POELLATH advised COMPEON on this funding round with the following team:

Monika Goede
+49 (89) 24 24 0 - 228 call