Compeon, a Germany-based finance platform for businesses, has raised €2.5m ($2.8m) in a series A round featuring Tengelmann Ventures, the corporate venturing arm of retail group Tengelmann, Gruenderszene has reported.
DvH Ventures, the venture capital firm affiliated with publisher Dieter von Holtzbrinck, and entrepreneurial investment network B-to-V also took part in the round.
Compeon connects small and medium-sized entrerprises and freelance contractors with potential financiers, either directly or through consultants, allowing them to submit borrowing requests and compare lenders’ criteria.
The funding will be used to hire new staff, increase marketing activity and extend the platform’s IT functionality.