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POELLATH advises ABN AMRO VC on Penta financing round

Photo: Hugo Bongers, Mana­ging Direc­tor of ABN Amro Ventures
5. March 2021

Amsterdam/ Munich/ Berlin — Digi­tal busi­ness banking plat­form Penta Fintech GmbH (“Penta”) has closed a top-up Series B+ finan­cing round. Lead inves­tor was ABN AMRO Ventures along­side exis­ting inves­tors finleap, HV Capi­tal, RTP Global, Presight Capi­tal, S7V and VR Ventures.

This is the third round of finan­cing after Penta closed two rounds of finan­cing with new inves­tors last year. The total invest­ment now amounts to EUR 30 million.

Penta is the digi­tal plat­form for busi­ness banking for small and medium-sized enter­pri­ses as well as solo self-employed and free­lan­cers. Within minu­tes, busi­nes­ses can digi­tally apply for a busi­ness account and receive a German IBAN, debit cards, digi­tal expense manage­ment and many other finan­cial solu­ti­ons. As an offi­cial DATEV market­place part­ner, Penta also enab­les the trans­fer of accoun­ting data via the offi­cial inter­face to DATEV. Penta says it has well over 25,000 custo­mers. The company is head­quar­te­red in Berlin with anot­her office in Belgrade.

ABN AMRO Ventures is the corpo­rate venture capi­tal arm of ABN AMRO Bank in the Nether­lands, head­quar­te­red in Amster­dam. The focus is on stra­te­gic invest­ments in tech­no­logy compa­nies that are rele­vant for the bank and the digi­tal trans­for­ma­tion of its products and services. The fund has a total volume of EUR 150 million and a port­fo­lio of now 15 compa­nies, inclu­ding 1 success­ful exit.

Advi­sors to ABN AMRO Ventures: POELLATH P+P Partners

Chris­tian Tönies, LL.M. Eur. (Part­ner, M&A/VC, Munich/Berlin)
Dr. Sebas­tian Gerlin­ger, LL.M. (Coun­sel, Lead Part­ner, M&A/VC, Munich/Berlin)
Markus Döll­ner (Senior Asso­ciate, M&A/VC, Munich)

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