elopage, a Berlin, Germany-based SaaS platform and payment provider for digital entrepreneurs, creators, SMEs and enterprise businesses, closed a USD 38m (EUR 32m) initial funding round.
The round was led by Target Global, Partech Ventures and Avid Ventures.
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.
Founded in 2015 by Özkan Akkilic and Tolga Önal, elopage delivers a payment provider and content delivery service to digital entrepreneurs ranging from solopreneurs and creators to international media platforms with annual sales from 5k EUR to 40m EUR. Via its microservices, users can develop and host a tailored website and sales funnels, collect payments, and take care of their tax payments.
elopage is used by more than 40,000 digital businesses.