Tengelmann Ventures has led small business lender Compeon's series B round, having previously backed its $2.8m series A two years ago.

Tengelmann Ventures, the corporate venturing subsidiary of retailer Tengelmann, led a €12m ($14m) series B round on Thursday for Germany-based business finance platform Compeon.

Dieter von Holtzbrinck Ventures, the venture capital arm of publishing holding firm DvH Medien, and VC firm B-to-V Partners also participated in the round. All three investors had previously contributed to the company’s $2.8m series A round in 2015.

Compeon operates a marketplace enabling small and medium-sized enterprises (SMEs) to seek various forms of funding…