Following an initial business angel round in autumn 2016, Munich-based Werthstein GmbH successfully completed a second financing round through its Swiss parent company in May 2017. The company now has approximately 10 million euros in funding.
Bastian Lossen, co-founder and managing director of Werthstein, said:
"With these two successful rounds, we are now equipped with growth capital for the market launch and the first phase of the business. We are very pleased to have reliable partners with excellent market knowledge at our side."
Media cooperation with Finanzen Verlag
After receiving the asset management license from the Federal Financial Supervisory Authority (BaFin), the media cooperation with the Finance Publishing (Munich) marks another milestone for the Munich-based asset manager. The publisher made a significant investment in this financing round. Frank-B. Werner, Managing Director of Finanzen Verlag, says:
“Werthstein’s business model with exciting investment ideas is a perfect fit for our readers.”
Third financing round already planned
Werthstein currently offers a free virtual depot to a limited group of customers. However, the service will be opened to the general public in the coming weeks. With the integration of Baader Bank AG from Unterschleissheim as a custodian bank, asset management will likely be possible as early as summer 2017, the company announced. Werthstein is already planning a third financing round, which will be used to finance the company's international market presence. An offer for customers in Switzerland is already in preparation.
