Compeon raises €15 million from Iris Capital, NRW.BANK and Qatar Development Bank

Compeon, a Düsseldorf, Germany-based company operating a financial service platform, announced securing €15 million ($18.1M) in Series C funding.

The money was raised from the French VC Iris Capital, the largest state development bank in Germany, NRW.BANK and Qatar Development Bank through its investment subsidiary Yellow Services. Existing investors Tengelmann, btov Partners, and Dieter von Holtzbrinck Ventures (DvH Ventures) also contributed to the round.

Compeon, founded in 2012 by Frank Wüller (CEO), Kai Boringschulte and Nico Peters, developed a digital platform for a financial services brokerage. The company works with around 300 established banks, savings banks and alternative financial partners. In addition to credit, loans and leasing, the platform offers factoring and alternative financing solutions including mezzanine capital, finetrading, project financing, as well as private debt and private equity.