Both Deutsche Kreditbank AG (DKB) and the LGT Group, among others, were involved in the now-concluded Series B funding round, as detailed in a press release. Numerous business angels from Europe and further afield also invested. Loanboox’s valuation has now risen to 122 million francs. The majority of shares remain in the hands of the founders and employees.
Stefan Mühlemann, CEO of Loanboox, was delighted with the trust placed in the company by international investors. He was quoted in the press release: “We actually had the opportunity to handpick the new investors who would offer Loanboox the greatest added value, also in substantive terms, as the funding round was significantly oversubscribed.”
Loanboox is a money and capital market platform for cantons and municipalities, institutional investors and banks. Its offering ensures that municipalities, for example, no longer have to instruct a bank to find a lender for a loan aimed at renovating a school building. With Loanboox, this process can now be completed online. In this way, costs can be kept to a minimum. In Switzerland, Loanboox also allows securitized and exchange-traded products such as bonds to be subscribed. Since being launched in 2016, the financing volume secured via Loanboox amounts to 20 billion francs.
Loanboox now intends to expand into Europe on the back of this fresh capital injection and develop its product portfolio. Stefan Mühlemann believes the company is “optimally prepared” for this venture.
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