Penseo
Latest round
- Seed
Last raised
- Sep 2018
Total raised
- $0.1M
Investors
- 2
About Penseo
Founded in 2017 and headquartered in Hamburg, Germany, Penseo GmbH offers a digital solution for managing occupational pensions.Penseo offers a digital platform designed to streamline the management of occupational pensions (betriebliche Altersversorgung, bAV) for both employers and employees. This platform allows clients, including small to medium-sized enterprises and their employees, to manage existing and new pension contracts efficiently. By providing a user-friendly interface and integrating with payroll and HR software, Penseo facilitates automated administration of pension plans, ensuring transparency and accessibility of information for all stakeholders.Penseo's revenue model is based on a subscription fee structure that is determined by the number of pension contracts managed through their platform. Clients, predominantly employers, pay a monthly fee in exchange for access to the platform and its services. This pricing model is designed to align with the scale of the client's pension administration needs. As organizations increasingly recognize the importance of offering competitive retirement benefits, Penseo's innovative platform enables them to implement these programs without incurring additional costs, thanks to the potential savings on social security contributions through salary conversion.59 million post-money. Future growth strategies include potentially expanding into additional European markets and improving their service capabilities by integrating more features into their software. These initiatives are expected to solidify Penseo's presence in the occupational pensions sector and broaden their client base.
Who invested in Penseo
2 investors across 1 round
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Funding rounds
Seed
Sep 3, 2018
Amount
$0.1M
Investors
Questions about Penseo
Who invested in Penseo?
Penseo has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Penseo raised?
Penseo has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Penseo last raise money?
Penseo's most recent round on record is a Seed, in Sep 2018.
What does Penseo do?
Founded in 2017 and headquartered in Hamburg, Germany, Penseo GmbH offers a digital solution for managing occupational pensions.
Where is Penseo headquartered?
Penseo is headquartered in Hamburg, Germany.
Which VCs invest in companies like Penseo?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back internet companies at Penseo's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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