Online business lending platform Spotcap, backed by Rocket Internet and Access Industries, will use the Holtzbrinck Ventures-backed round to expand internationally.
Holtzbrinck Ventures, the venture firm spun out of publisher Georg von Holtzbrinck, contributed to a €31.5m ($35.3m) series B round closed by Germany-based online lending platform Spotcap on Tuesday.
The round was led by private equity firm Finstar Financial Group, and brings Spotcap’s total debt and equity financing to €49.5m in under 18 months.
Launched by e-commerce holding company Rocket Internet in September 2014, Spotcap operates an online platform that provides businesses with short-term credit lines and loans.
The company…
