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YPOG advises Eight Roads on €40 million Series B financing round of HERO Software

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Berlin, July 2024 – YPOG advised lead investor Eight Roads Ventures on the €40 million Series B financing round of HERO Software. Federated Hermes and existing investor Cusp Capital also participated in the round.

HERO Software was founded in 2020 by Dr. Michael Kessler and Philipp Lyding in Hanover and offers a SaaS platform that was specially developed for medium-sized craft businesses. The start-up company is the leading provider of business software for trade businesses in the DACH region.

With the new capital, HERO Software plans to invest in its team and new talent, expand into new markets and further develop its SaaS offering. HERO's goal is to offer the best software to small and medium-sized craft businesses in order to make them more successful in the long term. 

Team

Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Dr. Lutz Schreiber (IP/IT/Data Protection), Partner, Hamburg
Dr. Benedikt Flöter (IP/IT/Data Protection), Associated Partner, Berlin
Tobias Lovett (Co-Lead, Transactions), Senior Associate, Berlin
Matthias Treude (IP/IT/Data Protection), Associate, Hamburg
Farina Weber (Transactions), Associate, Berlin
Dr. Florian Wittner (IP/IT/Data Protection), Associate, Hamburg

About Eight Roads Ventures

Eight Roads Ventures is a global venture capital firm that helps entrepreneurs grow. With offices in Europe, Asia and the US, Eight Roads Ventures has more than 50 years of venture capital investment experience, $11 billion AUM and over 300 portfolio companies, including Alibaba, Amenitiz, AppsFlyer, Chewy, Fareye, Fever, Flywire, Fireblocks, Funnel, Gloat, Hibob, Icertis, Lighthouse, Neo4j, Owkin, Paidy, Spendesk, Tibber, Toast, Wallapop and Xoom.

Further information: https://eightroads.com/en/.

 

Download Press Release: YPOG advises Eight Roads on €40 million Series B financing round of HERO Software

 

About us

YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich. 

Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog

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