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 completed its first financing round. As the Berlin-based company announced, it was able to raise 38 million US dollars in this way. The round was led by Target Global, with Partech Ventures and Fund Avid Ventures also participating.

Elopage offers companies a platform to build their online business, for example by selling products, courses and e-tickets. The company was founded in 2015 by Özkan Akkilic and Tolga Önal. The service is already used by more than 40,000 companies, including prominent names such as Sport 1 and Finanzfluss.

"With this investment, we are turning on the turbo for our growth and want to further expand elopage into the preferred SaaS platform and payment provider for digital companies," said Co-Founder Chief Growth Officer Önal in light of the investment. Elopage plans to use the money to increase the number of employees from 70 to 190 by the end of the year, also in order to invest further in Europe. Capital will also flow into the technology and platform so that one million customers can be reached by 2025.