# Compeon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/compeon

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.compeon.de
- Total disclosed funding: $34M
- Latest round: Series C (Feb 5, 2021)
- Investors on record: 5

## About

Compeon GmbH, based in Germany, operates as a financial portal that streamlines financing processes for small and medium-sized enterprises (SMEs), offering a platform to compare options from numerous banks and financiers.Founded in 2012 and headquartered in Berlin, Germany, Compeon GmbH specializes in providing financial solutions for SMEs. The company has executed a total of 8 deals, with a strong focus on facilitating efficient financing through their digital platform. Frank Wüller and Kai Böringschulte are the founders, with Frank Wüller serving as the current CEO. In its latest funding round, Series C, the company raised EUR 15.000 mn from investors including NRW Bank and Tengelmann Ventures Management, which contributed to its total amount raised of EUR 15.000 mn and a current valuation of EUR 246.846 mn.Compeon operates a financial portal tailored for SMEs, simplifying the financing process. Its platform enables users to quickly compare financing options from approximately 300 banks and specialized financiers, allowing them to secure favorable conditions for funding. Customers can complete a financing request in just six minutes, with commitments potentially issued on the same day. This service addresses challenges associated with lengthy loan applications, providing tailored solutions for businesses across Europe, particularly in Germany.Compeon's revenue model is based on transaction fees and advisory services linked to financing solutions. The company facilitates transactions, permitting clients to request funding from multiple lenders simultaneously, which may involve commissions on successful placements. The services are primarily B2B, catering to SMEs needing various financing products, while also providing advisory support for complex financial projects. Solutions range from corporate loans to intricate funding arrangements, ensuring comprehensive financial assistance for clients.In June 2024, Compeon GmbH secured additional venture debt funding from Claret Capital Partners and AI Paytec to support its operations following a withdrawal from insolvency. The funding will aid in stabilizing the company as it focuses on enhancing its platform and potentially launching new products aimed at improving financing processes. Plans for expansion into new markets are also under consideration, targeting broader access for SMEs across Europe, with specific strategies to be detailed as the company progresses.

## Funding rounds

- Series C, Feb 5, 2021, $18M — NRW Bank, b2venture, Tengelmann Ventures Management
- Series B, Jul 18, 2016, $13M — b2venture, Tengelmann Ventures Management, Dieter von Holtzbrinck Ventures
- Series A, Nov 4, 2015, $2.7M — b2venture, Tengelmann Ventures Management, Dieter von Holtzbrinck Ventures, Michael Grabner Media
- Seed, Jun 1, 2014 — Dieter von Holtzbrinck Ventures, Michael Grabner Media

## Investors

- Dieter von Holtzbrinck Ventures (https://capitalatlas.ai/funds/dieter-von-holtzbrinck-ventures) — Seed, Series A, Series B
- Michael Grabner Media — Seed, Series A
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series A, Series B, Series C
- Tengelmann Ventures Management (https://capitalatlas.ai/funds/tengelmann-ventures-management) — Series A, Series B, Series C
- NRW Bank — Series C