Zenloop most recently made a loss of 3.8 million euros

The Berlin-based start-up had a higher net loss in 2021 than the year before.

The Berlin-based start-up Zenloop published its financial statements for 2021, which show a net loss of 3.8 million euros for the entire year. In 2020, the annual loss was still 2.8 million euros. In total, the establishment of the company thus cost 11.3 million euros since its founding, as Deutsche-startups.de. writes. There are no signs of a trend reversal, so Zenloop will probably need new capital soon.

Most recently, the startup closed a funding round in the summer of 2020. Signals Venture Capital, Nauta Capital and Piton Capital invested €6.1 million. Since the company was founded in 2016, founders Paul Schwarzenholz and Björn Kolbmüller have raised more than twelve million euros. They each still hold 22.5 percent of the company. The financial statements also show that Zenloop raised more than two million euros in new liabilities in 2021.

Zenloop had an average of 44 employees in 2021, compared to 38 in the previous year and 35 in 2019. A year earlier, there were only 12. On its own website, Zenloop currently writes of more than 60 employees.