Finlab publishes 2020 figures

The venture capitalist from Frankfurt generated a surplus in 2020, compared to a minus of 1.5 million euros in the previous year. Very topically, there is still a change in the supervisory board.

Finlab announces its figures for 2020: The Frankfurt-based venture capitalist, which invests primarily in fintechs, was able to generate a net profit of 300,000 euros, compared to a minus of 1.5 million euros in the previous year.

However, the Corona pandemic shows: Finlab comes only to a total result of 25.8 million euros, which is 10.8 million euros less than in 2019. The amount of equity, however, has increased: if it was 142.8 million euros in 2019, Finlab reports a 168.6 million euros for 2020, which corresponds to an equity ratio of 97.4 percent.

There is also a new addition to the Supervisory Board: Friedrich Schmitz is stepping down after ten years for personal reasons. His post has been taken over since mid-March by tax consultant Herbert Seuling, who has held various supervisory board and consulting positions since his official retirement.