While AngelList has been acting as the link between investors and founders in the US for the past few years, a new rival has come up in Germany. Venturate, founded by Andreas Horr, wants to help venture capitalists (VCs) find the right investment that would fit their profile, according to VentureBeat.

Unlike its European competitor Dealroom which focuses mainly on venture capital, Venturate caters to different group of investors including angels, corporates, and SMEs. Before passing startups to the investors, Venturate performs a pre-selection screening process. The platform also has a circle of experts that can write an assessment on a startup's industry, the report explained.

For €299, an expert puts together a report on the firm and the startup's target market. Startups can decide if they want the report to be published on the platform or not. Venturate allows both startups and investors to keep most of their information private until both parties agree to start communicating, the report explained.

Once the two entities starts communcating, Venturate drops out of the conversation in order to maintain a neutral status. The platform does not take commission for completed deals, in contrast to another competitor, ExchangeBA. In addition, the Venturate platform is free for startups and only charges membership fee for investors, VentureBeat reported.