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Announced

Completed

Target Global, Partech Ventures and Avid Ventures led a $38m Series A round in elopage.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Minority

software-as-a-service

Germany

software development

Private

Friendly

Software

Private Equity

Cross Border

Acquisition

Single Bidder

Venture Capital

Synopsis

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Target Global, Partech Ventures and Avid Ventures led a $38m Series A round in elopage, a Berlin, Germany-based SaaS platform and payment provider for digital entrepreneurs, creators, SMEs and enterprise businesses. The company intends to use the funds to grow its team from 70 to 190 by the end of the year, expand across Europe, and invest further in its proprietary end-to-end platform.

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