Berlin – YPOG’s Tim Schlösser and Barbara Hasse advised French investor Partech on its investment in Berlin-based company elopage. The round was led by Target Global. In addition to YPOG's client Partech, US investor Avid Ventures also participated. Partech is a global venture capital firm founded in 1982 with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and IT startups in the seed, venture and growth phases. In terms of assets under management, Partech is one of the largest VC funds worldwide according to the US-based research institute Preqin. Most of Partech's partners have been entrepreneurs themselves or have held leadership positions in technology companies. The partnership acts and invests as a team, helping founders build fast-growing technology and digital companies that address large markets on multiple continents. The current portfolio includes 200 companies in more than 30 countries, ten of which are valued at more than $1 billion.
elopage founders Özkan Akkilic and Tolga Önal operate a platform that can be used to monetize a variety of digital business models, such as online courses – within three hours, from anywhere, and without much prior technical knowledge. By its own account, elopage has been operating profitably for three years and has now secured its first funding with this round, which is worth $38 million. Currently, elopage has around 40,000 customers who process payments from 3,000,000 end consumers via the platform – including companies such as Burda Verlag and Sport1. The capital raised will be used to continue the expansion course. The number of employees is to be doubled by the end of the year. The creator economy market in which elopage operates is estimated at $38 billion annually.
Download PDF
Team:
Dr. Tim Schlösser (Lead/Transactions), Partner
Barbara Hasse (Transactions), Associate
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
