Topi raises $45 million

The start-up rents electronic devices to companies. This is now convincing investors.

Berlin-based fintech Topi has raised $45 million in a Series A funding round. The round is led by existing investors Creandum and Index Ventures. Triplepoint Capital from Silicon Valley is also participating. In addition to the current funding round, the startup is also announcing its new partnership with electronics retailer Gravis. Topi's customers will be able to rent their IT equipment from Gravis in the future.

"We are making the as-a-service models that have long been established for software the standard for hardware as well," say founders Estelle Merle and Charlotte Pallua. Founded in 2021, the startup rents electrical equipment to businesses on a subscription model. The hardware-as-a-service concept would allow companies to save time managing devices and avoid obsolete hardware. In addition, the concept would drive the transition to a circular economy. "We firmly believe that in the future, every retailer and manufacturer will also have to offer their products as a subscription model in order to remain competitive," the founders said.