38 million US dollars for Elopage

The online business platform raises money from investors for the first time. Now the number of employees is to be doubled by the end of the year.

The SaaS start-up Elopage has closed a financing round for the first time. As the Berlin-based company announced, they were able to raise 38 million US dollars this way. The round is led by Target Global, with Partech Ventures and Fund Avid Ventures also participating.

Elopage provides a platform for companies to build their online businesses, such as selling products, courses and e-tickets. The company was founded in 2015 by Özkan Akkilic and Tolga Önal. They said that the service is already used by more than 40,000 companies, including prominent names such as Sport 1 and Financial River.

"With this investment, we are turning on the turbo for our growth and aim to further build elopage into the preferred SaaS platform and payment provider for digital businesses," co-founder Chief Growth Officer Önal said in light of the investment. Elopage plans to use the money to increase its headcount from 70 to 190 by the end of the year, including to invest further in Europe. In addition, capital is to flow into the technology and platform so that one million customers can be reached by 2025.