Two founders needed financing of € 7.5 million to build a chemical plant for the production of glycerine.
First, we mapped the technical interrelationships of the business model in an Excel model and created a extensive risk analysis.
With the business plan, we accompanied the team to bank meetings and applied for funding from various sources. We succeeded in obtaining external funds of EUR 7.25 million for this investment with equity of EUR 250,000.
We assisted the founders in selecting a location through on-site visits and discussions with business developers. The company was founded in the German state of Saxony-Anhalt – where the highest state subsidies were available – and has successfully established itself in the market.
For the two founders, the step has been very worthwhile, both financially and personally.