Successful closing of Series A financing round
We are thrilled to announce the successful completion of our Series A financing round – a pivotal moment in our journey to redefine leasing through cutting-edge technology. With CHF 8m in a first closing and CHF 10m total round size. Innovation often takes the form of simplifying complexity. When it comes to leasing, a traditionally cumbersome and process, LeaseTeq offers a highly modular and fully digital leasing process. This leads to new levels of convenience and efficiency along the entire customer lifetime.
Making Lives Easier
LeaseTeq’s mission is a commitment to offer the world’s most convenient way to lease any car, anywhere: for end customers and clients, such as OEMs, dealers or partners. We firmly believe that leasing should be a seamless and paperless experience. That is what our software delivers. By offering a 100% digital leasing solution, we eliminate the need for paperwork, reduce processing times, and minimize manual work. Our platform streamlines every aspect of the leasing process, from application, approval, servicing to funding – creating a paramount experience for all parties involved.
The successful completion of our financing round, which was led by Vi Partners with the participation of Anker Capital, N & V Capital and Monte Carlo Capital and further investors will allow us to take bigger steps in the DACH region and beyond. This is an important milestone towards our goal of revolutionizing the leasing industry internationally and bringing our innovative digital leasing solution to a broader audience.
Oender Boyman of Vi Partners, lead investor of this Series A round, adds: “The leasing industry, despite being profitable, has been slow to innovate. Similar to the changes banks underwent a decade ago, the industry requires a significant transformation. LeaseTeq is at the forefront of this digital shift in German-speaking Europe. They are rapidly expanding to become a major force in the European market, delivering solutions that meet current market demands.”
Closing this round is not only about the financial support we have received; it also marks the beginning of a valuable partnership with our new investors and strengthening the partnership with our existing investors such as ARMADA INVESTMENT AG and AMYP Ventures AG.
Robert Oudmayer, Chairperson, and shareholder of LeaseTeq comments: “We are extremely grateful for the confidence that all investors have placed in us as a team and in our vision. Beyond the capital infusion, our investors bring a wealth of knowledge, experience, and industry insight that will be crucial as we continue to grow. We are excited to work closely with them and leverage their expertise to drive our mission forward.”
We would like to extend our heartfelt thanks to all our contributors including investors, partners, and supporters who have believed and continue to believe in our vision. Your support has been instrumental in reaching this significant milestone. We are committed to deliver on our promise to offer a user-friendly digital customer journey facilitated by cutting edge technology increasing efficiency and operational quality for all parties involved. We invite everyone to join us on this transformative journey. Together, we can create a better future for leasing, one where simplicity and satisfaction are the norm.