Remagine receives 20 million euros

The start-up now wants to pass on some of the money it has raised to start-ups in the form of loans. To do so, it is relying on a new type of financing.

Remagine has raised 20 million euros in a seed round. The sum consists of both debt and equity. However, the start-up does not break down the distribution. The largest financier is an institutional investor from Great Britain, who wishes to remain unnamed, at least according to the Handelsblatt. In addition, there are business angels, for example Jonathan Weiner, former Global Head of Google Payment, and the former Chief Operating Officer of the Paypal company Venmo, Michael Vaughn.

Remagine relies on revenue-based funding as its business model. Remagine itself lends money to startups and charges a fee. Borrowers also agree to cede a portion of their revenue, rather than shares as is usually the case. A portion of the funding round is expected to flow into young companies accordingly. "We founded Remagine to solve two problems," co-founder Sebastian Dienst tells Handelsblatt. "We want to offer founder-friendly financing that doesn't rely on equity participation, and at the same time be a good banking partner for startups."


Newsletter

Startups, Stories und Statistiken direkt in dein Postfach. Mit 2 Klicks abonnieren. Noice.

LinkedIn Connect

Take care, give care

Hat dich diese News informiert oder unterhalten? Dann würden wir uns freuen, wenn du deinem Netzwerk davon erzählst.

Auf Linkedin teilen Auf Facebook teilen Auf Xing teilen

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts