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