![Photo: Dr. Benjamin Ullrich, Partner at YPOG, Berlin (© YPOG)](https://cdn.fyb.de/wp-content/uploads/2024/07/benjamin-ullrich-ypog-400x363.jpeg)
Eight Roads Ventures lead investor in €40m Series B of HERO Software
Berlin — HERO Software raises €40 million in Series B financing round with Eight Roads Ventures as lead investor.
YPOG provided comprehensive legal advice to Eight Road Ventures on the transaction.
Federated Hermes and existing investor Cusp Capital also participated in the round.
HERO Software was founded in 2020 by Dr. Michael Kessler and Philipp Lyding in Hanover and offers a SaaS platform specially developed for medium-sized craft businesses.
The start-up company is the leading provider of business software for trade businesses in the DACH region.
With the fresh capital, HERO Software plans to invest in its team and new talent, expand into new markets and further develop its SaaS offering.
HERO’s goal is to provide craft businesses with the best software to make small and medium-sized craft businesses more successful in the long term. About Eight Roads Ventures Eight Roads Ventures is a global venture capital firm that helps entrepreneurs grow.
With offices in Europe, Asia and the US, Eight Roads Ventures has more than 50 years of venture capital investing experience, $11 billion in assets under management and over 300 portfolio companies, including Alibaba, Amenitiz, AppsFlyer, Chewy, Fareye, Fever, Flywire, Fireblocks, Funnel, Gloat, Hibob, Icertis, Lighthouse, Neo4j, Owkin, Paidy, Spendesk, Tibber, Toast, Wallapop and Xoom.
https://eightroads.com/en/ Advisor Eight Roads Ventures: YPOG Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin Dr. Lutz Schreiber (IP/IT/Data Protection), Partner, Hamburg Dr. Benedikt Flöter (IP/IT/Data Protection), Associated Partner, Berlin Tobias Lovett (Co-Lead, Transactions), Senior Associate, Berlin Matthias Treude (IP/IT/Data Protection), Associate, Hamburg Farina Weber (Transactions), Associate, Berlin Dr. Florian Wittner (IP/IT/Data Protection), Associate, Hamburg About YPOG YPOG is a law firm specializing in tax and commercial law, active in the core areas of funds, tax, banking + finance and transactions. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners are ranked nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners and Leaders League. Today, YPOG employs more than 120 experienced lawyers, tax consultants, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne. https://www.ypog.law