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
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YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 150 experienced attorneys, tax advisors and tax specialists and a notary, in four offices, located in Berlin, Hamburg, Cologne, and Munich.
