Multi-million investment for kompany

06 August 2019,   By   

UNIQA Ventures and Elevator Ventures Beteiligungs GmbH (“Elevator Ventures”), a 100 per cent subsidiary of Raiffeisen Bank International, have joined kompany’s cap table alongside the European Super Angel Clubs syndication fund “EXF Alpha”.

The deal was executed with the broad support and commitment of Venionaire Group:

“Members of the European Super Angels Club initially co-invested end of last year into a convertible bond through the syndication fund EXF Alpha, managed by Venionaire Ventures. This initial investment is now followed by a strategic share purchase alongside Elevator Ventures and UNIQA Ventures. The deal brings in value and support for the further growth of kompany”, explains Berthold Baurek-Karlic, Managing Partner (CEO) of Venionaire Capital.

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kompany operates the largest proprietary corporate register network in the world with real-time access to primary source data. They are the only global network to provide audit-proof commercial register information and automated Business KYC Solutions for banks, insurances and advisory firms covering more than 110 million companies in more than 200 countries and jurisdictions. The company built its infrastructure over the last five years servicing international banks and insurance companies, leading advisories, as well as compliance software providers. kompany is advancing its AI engine for automated Ultimate Beneficial Owner & Shareholder (UBO) discovery and the distributed ledger technology solution KYC on-chain (Business “Know-Your-Customer” on the blockchain).

“kompany is among the top five in the Global Top 100 RegTechs, they participated in the MasterCard Start Path Program and CB Insights nominated them among the Top 60 RegTechs in Europe. The founders built a product which is in high demand by companies across all industries. FinTechs are like vitamin supplements, while RegTech is the pain-killing medicine for organisations. We are already working hard on the upcoming growth funding round for kompany, which will catapult them to the next level”, concludes Baurek-Karlic.

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