Kapilendo hopes to corner the market on crowdlending and crowdsourced investments in Germany
German crowdfunding platform Kapilendo will ring in the new year with bells on their tassels after scoring a late-season Series B financing round led by the pension fund for the Berlin Chamber of Dentists (Versorgungswerk der Zahnärztekammer Berlin, or VZ Berlin), the company announced last week. German fintech incubator FinLab AG and Comvest Partners also participated in the round.
“We’re very pleased not only to have recruited a new strategic investor in VZ Berlin, but also an entrepreneurial investor whose extensive network will afford us many opportunities,” wrote Kapilendo Co-Founder and CEO Christopher Grätz in a blog post (German).
The company uses two financing models: small business loans and equity crowdfunding investments, opening up a marketplace model in search of equity investors. AngelList and CircleUp in the US, Seedrs and CrowdCube in the UK, and Jerusalem-based OurCrowd are a few of the major equity crowdfunding platforms out there. Kapilendo hopes to take the lead on doing the same for Germany.
“With this fresh capital we want to become the leading full-service provider for crowdfunding in Germany,” Grätz added.
Ralf Wohltmann of VZ Berlin said the company offered an “ideal” platform for SME financing “to make our own investments accessible to the broader public.”
This will be the sixth company to enter the FinLab portfolio after investment analysis company Nextmarkets, Patriarch, Authada, Deposit Solutions, and venture investor Heliad.
“Crowdlending is one of the most exciting trends in fintech right now and will make the financing market in Germany more sustainable,” said FinLab board member Stefan Schütze. “Cooperation with their team has fully convinced us [of that]. With our continued engagement, we want to actively support their future growth.”
Founded in 2015, Kapilendo has 20 employees with headquarters in Berlin.