Penta Raised More than 4 Mio. Euro and Wins New Investors
Today, July 7th, 2020, will go down in the history of Penta, which we want to celebrate with you. With great pleasure we can announce today that we raised over 4 Mio. Euro from new international investors.
Our Series B Financing Round Now Totals over 23 Mio. Euro
After Penta already collected 18.5 Mio. Euro in March of this year, fresh capital is now flowing in again. This second closing of our financing round increases the total investment of our Series B to over 23 Mio. Euro. We’re happy to welcome S7 Ventures, Presight Capital and two family offices as new investors on board, whom we were able to convince with our idea during the negotiations.
We Welcome New Investors
Despite the corona crisis and the restraint that can be observed on the market, we succeeded in convincing new renowned investors. S7 Ventures is a globally oriented venture capital company that focuses on companies in early and growth phases. In addition to Penta, S7 Ventures also invested in other fintechs, for instance the leading mobile-first neobank in Spain Bnext and the Colombian financial services provider Addi.
Oleg Gordienko, Managing Partner of S7 Ventures comments on the new investment: “We believe SMEs are substantially underserved by financial institutions. The unrivalled quality of the management team and their focus on bringing additional value to small and medium enterprises makes Penta a great partner.”
As an international venture capitalist, Presights Capital also invests particularly in early-stage companies with a focus on software and advanced technology. Christian Angermayer, Co-Founder of Presight Capital says: “We are looking for companies which are led by a great and diverse management team, have a lot of growth potential and a promising business model. We found all of this in Penta. We are delighted that we can support and welcome them in our portfolio.”
S7 Ventures and Presight Capital now join our current investors finleap, Holtzbrinck Ventures, RTP Global, ABN AMRO Ventures and VR-Ventures.
We Are on a Growth Course
Penta’s CEO, Marko Wenthin already gives a small insight into the use of the new investment: “We are very pleased to complete the second closing and that we can welcome such great new partners. Especially, in the current corona crisis, it is a strong signal that there are still investors looking out for outstanding companies. With the new capital, we plan to accelerate our growth path in Germany and continue developing our product offering for SMEs.”
Growth is the right keyword, by the way. Just recently, we were able to celebrate 20,000 customers placing their trust in us. The new investment now supports us in continuing to work on our mission to build the best business banking platform for SMEs. We are constantly working on further improving and optimizing our platform and can’t wait to introduce you to new products and features.
Special thanks goes not only to the great Penta Team but also to you! Our customers are our biggest motivator! And that’s still our guarantee for success in the future: Our close cooperation and communication with all Penta customers. Together we’re building exactly the solutions for your business that you need.
We are looking forward to the journey ahead with you and our new investors.