elopage raises $38m funding to help empower digital entrepreneurship

elopage founders

elopage founders

elopage, a fast-growing SaaS platform and payment provider for digital entrepreneurs, creators, SMEs and enterprise businesses, today announced the successful completion of its funding round of $38m to empower digital businesses at all stages of growth.

The Series A round, which is the SaaS company’s first-ever funding round, is backed by leading tech investors including lead investor Target Global as well as France-based Partech Ventures and US-based Avid Ventures.

The financing comes at a time of significant 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.

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.

Özkan Akkilic, elopage Founder 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.”

Tolga Önal, co-founder and Chief Growth Officer at elopage, adds: “The investment will empower us to fuel our growth at an unprecedented rate as we continue to build elopage into the preferred SaaS platform and payment provider for digital businesses. We are excited to partner with Target Global, Avid Ventures, and Partech who share our vision and will help us seize the enormous opportunity in front of us. In the context of the current accelerated switch to online, we have seen a surge in digital businesses and creators, adding more than 25.000 new customers during the last 18 months to our platform, including SPORT1, Hubert Burda Verlag, Finanzfluss, and falkemedia.”