German fintech company Kapilendo AG secures €7M in Series B funding

Berlin-based fintech startup Kapilendo AG announced that it raised €7 million in a Series B funding round that was primarily supported by the new investor's pension fund of the Chamber of Dentists in Berlin.

The company was founded in 2015 and consists of employees from various expertises including several former KPMG consultants as well as rating experts from Standard & Poor's and Barclays Capital. Kapilendo AG wants to utilize the funding to become the leading full-service provider in the field of crowdfunding in Germany, the release stated.

"We are very pleased to have just won a new financial investor for the kapilendo with the utility of the Chamber of Dentists in Berlin, but above all also an entrepreneurial investor, whose extensive network will open up many opportunities for us in the future", Christopher Grätz, Co And CEO of kapilendo AG said (loosely translated).

Apart from the Chamber of Dentists, the funding round also saw investments from the existing investors Comvest Holding GmbH and the listed fintech investor FinLab AG.

"The investment in Kapilendo is more than just a strategic investment for us. Kapilendo offers us the ideal platform in the area of SME financing to make our own investments accessible to a broad public and to invest successfully together here,” Ralf Wohltmann, director of the supply department of the Chamber of Dentists in Berlin stated.