Compa secures €3 million from LocalGlobe and Discovery Ventures.

Compa, a Berlin, Germany-based SAAS developer of financial solutions for the construction industry, secured a €3 million ($3.6M) capital funding round.

The money was raised from investors led by the British early stage investor LocalGlobe and included contributions from Discovery Ventures as well as angel investors such as Victor Jacobsson, André M. Bajorat and Jochen Siegert.

Compa, founded in 2020 by Ferdinand Witt-Dörring and Matthäus Matt Kerres, is building a payment platform facilitating  fast, clear and in time transactions on construction sites. The company previously raised a pre-seed round in 2020.