# Smava

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

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.smava.de
- Total disclosed funding: $156M
- Latest round: Series H (Dec 2, 2019)
- Investors on record: 10

## About

Smava GmbH is a prominent online credit comparison platform that connects consumers in Germany to various loan offerings, enabling them to make informed financial decisions.Founded in 2007, Smava GmbH operates as an online platform for personal loans, including consumer and auto loans, as well as refinancing options. The company is headquartered in Berlin, Germany. Alexander Artope and Eckart Vierkant co-founded the company, with Alexander Artope currently serving as CEO. Smava has successfully raised EUR 22.00 mn through several funding rounds, with the most recent being a VENTURE DEBT round in February 2021, where they secured EUR 35.00 mn from Kreos Capital. A notable event occurred in February 2021 when Hellman & Friedman agreed to acquire a minority stake in Smava as part of a share swap deal.Smava is a leading online credit comparison platform that offers access to a variety of loan products from participating banks and intermediaries. The core service enables users to submit loan applications and compare offers for personal loans, consumer loans, auto loans, and refinancing options, primarily targeting consumers in Germany. The platform allows users to review interest rates, loan terms, and conditions from multiple lenders, providing a comprehensive solution for individuals seeking financing for personal projects, vehicle purchases, or debt consolidation.In the most recent year reported, 2017, Smava generated a revenue of EUR 44,613,056.30 and reported an EBITDA of EUR -2,893,347.40. The company earns revenue primarily through referral fees and commissions from lending partners when customers secure loans via their platform, effectively aligning their business model with client interests.Smava GmbH plans to leverage its recent VENTURE DEBT funding to enhance its platform and expand its services. The funding will support the development of new products aimed at improving user experience and increasing loan offerings. Additionally, the company is exploring opportunities to expand its market presence beyond Germany, with specific plans to enter new European markets by the end of 2021. The minority stake acquisition by Hellman & Friedman is expected to bolster these growth initiatives.

## Funding rounds

- Series H, Dec 2, 2019, $24M — Earlybird, Vitruvian Partners, Runa Capital, Mercura Capital
- Series G, Dec 18, 2017, $65M — Runa Capital, Smart Rate S.a.r.l.
- Series F, Mar 18, 2016, $34M — Verdane, Earlybird, Runa Capital, Mojo.Capital, Mercura Capital
- Series E, Apr 22, 2015, $16M — Neuhaus Partners, Earlybird, Phenomen Ventures
- Series D, Sep 7, 2011, $5.5M — Banca Sella Holding, Neuhaus Partners, Earlybird
- Series B, Sep 12, 2008, $5.6M — Banca Sella Holding, Neuhaus Partners, Earlybird
- Series A, May 12, 2007, $5.3M — Earlybird

## Investors

- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series A, Series B, Series D, Series E, Series F, Series H
- Banca Sella Holding — Series B, Series D
- Neuhaus Partners (https://capitalatlas.ai/funds/neuhaus-partners) — Series B, Series D, Series E
- Phenomen Ventures (https://capitalatlas.ai/funds/phenomen-ventures) — Series E
- Verdane (https://capitalatlas.ai/funds/verdane) — Series F
- Runa Capital (https://capitalatlas.ai/funds/runa-capital) — Series F, Series G, Series H
- Mojo.Capital (https://capitalatlas.ai/funds/mojo-capital) — Series F
- Mercura Capital — Series F, Series H
- Smart Rate S.a.r.l. — Series G
- Vitruvian Partners (https://capitalatlas.ai/funds/vitruvian-partners) — Series H