Berlin – YPOG has provided comprehensive advice to early-stage VC Ventech on the sale of portfolio company 4Stop to Jumio. The exit is still subject to regulatory approval. Ventech invested in 4Stop in 2019 and was to date its sole investor. Founded in 2016 in Cologne, 4Stop offers a one-stop solution for KYC, compliance and anti-fraud procedures, combining access to more than 650 data sources across 195 countries through a single integration. Real time global verification technology as offered by 4Stop has become increasingly important in recent years for national and international businesses.
Jumio is a leading provider for AI-powered end-to-end identity orchestration, eKYC and AML solutions with headquarter in Palo Alto, California and offices in North America, Latin America, Europe and Asia Pacific. Earlier this year, Jumio had raised $150 million from private equity firm Great Hill Partners, joining other investors such as Centana Growth Partners or Millennium Technology Value Partners. Prior to the exit, Jumio and 4Stop had been strategic partners since November 2019.
"The exit of 4Stop after just one financing round is a prime example of the great acceleration potential that experienced VC’s like Ventech bring to the table for an ambitious set of founders like Ingo, Alvaro, Nolan and Daniel. From a larger point of view, the 4Stop exit is a really great sign for Cologne’s start-up ecosystem to look beyond Germany; not just for financing, but also for significant Exit opportunities", says Johannes Janning, Associated Partner at YPOG.
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Advisors Ventech:
Dr. Benjamin Ullrich (Co-Lead/Transactions), Partner
Dr. Johannes Janning (Co-Lead/Transactions), Associated Partner
Alexander Sekunde (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
