Together with the existing shareholders Round2 Capital provides Portagon with growth capital.
Frankfurt, May 31, 2021 – Portagon, a software as a service provider for digital financing, joins the Round2 Capital portfolio. With Round2 as lead investor the German company has successfully closed a Series A financing round of EUR 8.5 million (US $ 10.3 million). With the fresh capital, the FinTech company aims to achieve even greater market penetration in the medium term, strengthen its brand awareness and advance to become the leading SaaS company in the private capital market.
Founded in 2015 by Jamal El Mallouki and Johannes Laub, Portagon provides companies with easy access to capital anytime and anywhere. Their technology allows to standardize the processes of raising, brokering and investing capital – legally secure and fully digitized.
“With our technology, we are significantly reducing issuing costs and are providing companies of all sizes and industries as well as professional financial service providers access to the digital capital market. With the provided growth capital we want to promote technological networking among the participants and provide the leading infrastructure for non-listed financial instruments,” says Johannes Laub, co-founder and managing director of Portagon.
“Portagon is a forerunner in digitizing private capital markets. The company has unique tech and regulatory know how for making private capital investments more efficient and fully transparent. We are looking forward to support Portagon in shaping private capital markets in the years to come.”, says Christian Czernich, co-founder and CEO of Round2 Capital.
About Portagon: As a pioneer in digital finance, Portagon enables easy and reliable access to capital. With the software solution, customers can raise and broker capital online and process transactions in a safe and secure manner. Various banks, financial service providers and brokers are also using the software solution successfully, offering their customers alternative financing and investment options.