Today elopage, a fast-growing SaaS platform and payment provider for digital entrepreneurs, creators, SMEs and enterprise businesses, has announced the successful completion of its funding round of €32 million to empower digital businesses at all stages of growth. The Series A funding, which is the SaaS company’s first-ever round, is backed by leading tech investors including lead investor Target Global as well as France-based Partech Ventures and US-based Avid Ventures.
elopage was founded in 2015 by Özkan Akkilic and Tolga Önal with the mission of empowering and enabling digital entrepreneurs to launch and scale their online businesses by selling digital products, courses, memberships, and subscriptions. The company is capitalizing on the tailwinds around e-commerce, edtech and flexible work, and is a meaningful contributor to the emerging “creator economy”, which is estimated to be a €32 billion market alone. Digital businesses are faced with administrative and technical hurdles, spending at least ten hours a month on repetitive administrative tasks. elopage’s platform eliminates these barriers to getting a business off the ground and scaling it by supporting automation and helping to drive customer acquisition for digital business owners.
The financing comes at a time of growth for elopage, which had previously been bootstrapped and has been profitable since 2018. elopage already is the platform and payment provider of choice for more than 40,000 digital businesses and will use the fresh funding to grow its team from 70 to 190 by the end of the year while accelerating its strong momentum and expansion plans across Europe. The company is also committed to investing further in its proprietary end-to-end platform, with the goal of enabling at least one million businesses to unlock their potential through elopage by 2025.
Özkan Akkilic, elopage Gründer and CEO, said: “Having gone through the same challenges ourselves, we set out to simplify the process from having an idea to creating a flourishing business. With elopage we wanted to draw on our own experience and act as enablers for digital entrepreneurship to help them focus on what they are truly passionate about: their content. Our end-to-end platform brings a completely reimagined infrastructure to build and scale a business to digital entrepreneurs, allowing a new generation of non-technical entrepreneurs to easily set up, distribute and monetize their content, within three hours, on the go.”
elopage delivers a one-stop platform to digital entrepreneurs, ranging from solopreneurs and creators to international media platforms, with annual sales from €5K to €40 million. As a payment provider and content delivery service, the startup combines the power of microservices, offering hundreds of use cases with its flexible features and apps. Users can easily develop and host a tailored website and sales funnels, collect payments, and take care of their tax payments. elopage also provides the infrastructure to deliver content that can be readily shared with the community. By creating a robust product that builds the foundation to scale digital businesses of all sizes and enables a fully branded customer experience, elopage has established trust and loyalty within the community of digital entrepreneurs in Europe.
Bao-Y van Cong, Investment Director at Target Global, commented: “elopage is truly built by entrepreneurs for entrepreneurs – we were highly impressed by the thoughtful approach that Özkan and Tolga have put into building an end-to-end platform serving more digital entrepreneurs. They have been able to bootstrap their business to this scale as they have listened to their customers carefully and executed with high precision and focus. We are excited to support them as they build on this foundation to double down on growth and continue to scale elopage.”