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/.
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