topi, a Berlin, Germany-based provider of the underlying technology for the B2B subscription economy, raised $45m in Series A equity and debt funding.
The Series A financing round in August 2022 was co-led by Index Ventures and Creandum with further participation of Silicon Valley-based TriplePoint Capital.
The company intends to use the funds to expand operations and its business reach.
Founded in 2021 by Charlotte Pallua and Estelle Merle, topi provides a tech infrastructure that will allow any retailer or manufacturer to offer Hardware-as-a-Service to business customers. In the back end, a fraud and risk engine vets eligible buyers automatically and in real-time. Through integrations between trade-in partners, financial partners, insurance providers and merchants, topi enables live and automated check-out for e-commerce, tele-sales and in-store.
Since launching last year, the company has grown to 35 people from 14 countries.
topi also announced a strategic partnership with GRAVIS Computervertriebsgesellschaft mbH, one of the leading electronics retailers in Germany.