The Zurich startup, which helps municipalities and institutional investors to capital, has now itself capital received: In a round of financing Loanboox has collected CHF 22 million risk capital. The investors include Deutsche Kreditbank and the Liechtenstein LGT Group.
Investors seem confident in the business model of simply brokering financing and investment for communities and institutions through a digital platform. Clients of Loanboox are banks, large companies and institutional investors. Since its foundation in 2016, Loanboox has handled a financing volume of CHF 20 billion.
Round was oversubscribed
According to Loanboox CEO Stefan Mühlemann, the startup has conducted round B to drive growth in Europe. The financing round was oversubscribed: “In fact, we had the opportunity to select the new lenders. We chose the investors who can offer us the most value in terms of content, “says Mühlemann. Even after this round of financing, most of the shares remain in the hands of the founders and employees.
Mühlemann sees with the investors DKB and LGT a clear sign that even traditional market participants would open the model of the platform. In addition to the two banks, numerous family offices have also invested in Loanboox.
Meanwhile, the rating of the startup is 122 million francs, as the company writes.
Also published on Medium.