🏆 Deal of the Week · CW 35/2022
topi raised USD 45 million in a Series A round; the post-money valuation was not disclosed. The round was co-led by Creandum and Index Ventures. The funding was announced in August 2022.
topi — key deal facts
| Company | topi |
| Founded | 2021 |
| Headquarters | Berlin, Germany |
| Amount raised | USD 45M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series A |
| Investors | Creandum (https://www.creandum.com/) Index Ventures (https://www.indexventures.com/) |
| Sectors | FinTech |
Who invested in topi?
The round was co-led by Creandum and Index Ventures. Both firms are prominent European venture capital investors with strong track records in FinTech and B2B software, making this a high-conviction institutional round for an early-stage company. No additional investors were disclosed as part of this transaction.
What does topi do?
topi is a Berlin-based FinTech company founded in 2021 by Charlotte Pallua and Estelle Merle. The company operates a Hardware-as-a-Service platform that enables retailers and manufacturers to offer IT hardware subscriptions to business customers. Through its API-based infrastructure, topi embeds flexible renting and leasing options directly into online, telesales, and in-store checkout flows, allowing end customers to access devices such as laptops and smartphones without upfront capital expenditure.
topi valuation & multiples
No verified revenue or EBITDA figures were available for topi at the time of this round, and the post-money valuation was not disclosed; accordingly, no EV/Sales or EV/EBITDA multiples can be calculated for this transaction. Investors seeking sector context can review prevailing valuation multiples for comparable FinTech and B2B SaaS businesses on the Venionaire DealMatrix FinTech multiples pages.
Explore the benchmarks: Series A.
Frequently asked questions
How much did topi raise in its Series A?
topi raised USD 45 million in its Series A round, announced in August 2022.
What is topi's valuation?
topi's post-money valuation was not disclosed as part of this funding round.
Who invested in topi?
The Series A was co-led by Creandum and Index Ventures.
When was topi founded and where is it based?
topi was founded in 2021 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.