Heliad Equity Partners leads MODIFI’s €20m Series B funding round
Frankfurt am Main, 14th of September 2021 – Heliad Equity Partners GmbH & Co. KGaA (ISIN: DE000A0L1NN5) welcomes MODIFI to its portfolio by investing a high single digit million amount. Neva, the corporate venture arm of Italy’s leading banking group Intesa San Paolo, as well as existing investors, including Global Founders Capital, Maersk Growth and Picus Capital participated significantly in the round. MODIFI is the only digital trade finance platform for SMEs that spans the three major trading regions of Europe, Asia and North America – a cluster which encompasses approximately 80% of global imports and exports. It provides SMEs with simple digital solutions to finance their trades, protect them from counterparty risk, and easily track and manage their shipments. The new funding round will power major upgrades to the platform, allowing MODIFI customers to take care of all trade-related activities in one place. This includes finding new trade partners and managing foreign exchange risk, among other things.
“MODIFI has not just grown in business and outreach in the last few years but also in its approach to addressing systemic issues related to global trade. We are very happy to support the stellar team around Nelson Holzner, Sven Brauer and Jan Wehrs in their journey to become the leading trade finance and management platform for SMEs. Small businesses represent 90% of all firms worldwide, forming the backbone of local economies. It’s critical that we help them grow and flourish” says Falk Schäfers, CEO of Heliad.
“Smaller businesses lack the tools and know-how to trade with the ease and comfort enjoyed by their larger counterparts. The solutions available out there are fragmented and don’t approach the problem holistically. We have successfully digitized the trade finance industry and are now developing our plat-form into a comprehensive trade management hub that will empower SMEs to take control of their global trade activities. With Heliad Equity Partners and Neva we are delighted to have two new strong partners complementing our existing shareholder base” says CEO and Co-Founder Nelson Holzner.
MODIFI is a global fintech company that helps small and medium sized businesses (SMEs) finance and manage their international trades. Serving over 1,000 buyers and sellers across more than 40 countries, MODIFI offers simple digital solutions that enable SMEs to trade like large corporates. Through its digital platform the company empowers businesses to grow, fostering strong international partnerships and benefitting local economies. To see how small and medium sized businesses can grow with MODIFI, visit www.modifi.com or follow us on LinkedIn and Twitter.
Heliad (ISIN: DE000A0L1NN5 / Ticker: HPBK) is a listed investment company with a mission to empower both entrepreneurs and investors. The company invests in market leading companies across various verticals and regions to power their next phase of growth. As a listed company and through our strong team and strategic partners, Heliad can support companies pre, at and post IPO and act as a gateway to public equity capital markets. An evergreen structure allows Heliad to act independently of usual fund lifecycles and provides share-holders with unique access to pre-IPO market returns without any restrictions or limitations in terms of investment size and term commitment. Further information about Heliad can be found under www.heliad.com follow us on LinkedIn.
Heliad Equity Partners GmbH & Co. KGaA