BMH BRÄUTIGAM advises elopage on $ 38M initial funding round
BMH BRÄUTIGAM has advised the Berlin-based SaaS startup elopage on their first financing round with an overall funding of USD 38 million. In addition to lead investor Target Global, other well-known tech investors Partech Ventures from France and the American fund Avid Ventures participated in the Series A round.
Elopage was founded in 2015 by Özkan Akkilic and Tolga Önal with the mission to help digital entrepreneurs focus more on their passion as they build and scale their business: their content. As the fastest growing SaaS platform and payment provider for the creator economy in Europe, elopage enables a new generation of entrepreneurs to easily set up, distribute, and monetize their digital content - within three hours, from anywhere, and without much prior technical knowledge. The company combines hundreds of applications with flexible features and apps. Users can easily develop and maintain a customized website and sales channels, collect payments and take care of their tax payments.
The company plans to use the fresh capital to grow its current team of 70 employees to 190 by the end of the year. The company also plans to further invest in its proprietary technology and drive European expansion. Today, elopage is already the platform and payment provider of choice for more than 40,000 digital entrepreneurs and SMEs.
Background: The team of BMH BRÄUTIGAM has advised elopage for the first time during the financing round. Since then, the client relationship has been strengthened and expanded. In the meantime, we advise elopage on an ongoing basis and look forward to future financing rounds of Europe's fastest growing SaaS startup. The contact to elopage came about through our network.
Team BMH BRÄUTIGAM: Dr. Alexander Wulff (Lead), Dr. Patrick Auerbach, Bastian Reinschmidt, Till Wansleben, Edzard Rothen, Dr. Raoul Moritz Nissen, Sebastian Krieg, Daniel Schlichting, Maximilian Frink, Jonas Kiehne (all Venture Capital)