8.5 million euros for Fintech Crowddesk

The investment flows as revenue-based financing. The start-up now wants to invest the money in marketing and sales.

The Frankfurt-based fintech Crowddesk has received 8.5 million euros in a financing round. The new backer is Austrian scale-up investor Round2. "We are paying back part of the financing with our sales, which is why we are diluting our shares less," says co-founder Johannes Laub to Finance Forward. The start-up is one of the first to receive money via revenue-based financing. Investors do not receive company shares, but a fixed share of the turnover.

Crowddesk offers companies a platform for crowdfunding. The start-up has already raised 160 million euros from 250 customers. Crowddesk earns a monthly fee and a small share of the money raised. The start-up wants to continue to grow, which is why the investment sum is to flow into sales and marketing. 65 people work for Crowddesk in Frankfurt am Main.