# Lavego

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lavego

- Industry: Financial Services
- Headquarters: Munich, Germany
- Website: www.lavego.de
- Total disclosed funding: $0.4M
- Latest round: Series A (Oct 21, 2007)
- Investors on record: 1

## About

Lavego AG is a Munich-based company specializing in payment solutions, notably through its PaySphere platform, which offers various cashless transaction technologies to merchants across Europe.Founded in 2003 in Munich, Germany, Lavego AG provides a suite of payment processing solutions. The CEO, Florian Gohlke, has overseen the company's focus on enhancing cashless transactions. In October 2007, Lavego AG raised USD 0.43 mn in a Series A round led by BayBG, marking its single deal to date and bringing the total amount raised to USD 0.43 mn. The company has not undergone significant business pivots or changes operationally since its inception.Lavego AG specializes in providing a comprehensive suite of payment solutions primarily through its PaySphere platform. The core offerings include a range of point-of-sale (PoS) terminals, both stationary and mobile, designed to facilitate secure and efficient cashless transactions. The stationary terminals are fixed installations at checkout points, while mobile terminals operate wirelessly, equipped with batteries and connectivity options like WLAN and mobile networks. Additionally, Lavego offers unattended terminals for automated payment processing in machines, catering to various industries such as fuel stations and retail. The company also supports major international card networks, including Mastercard, Visa, American Express, and others, ensuring widespread acceptance of diverse payment methods. Lavego primarily serves merchants across Germany and Europe, leveraging over 30 years of expertise in card payment processing to deliver innovative technologies tailored to their clients' needs.In the most recent year, 2023, Lavego AG reported a revenue of USD 34,488.40 and an EBITDA of USD 2,060,887.40. The revenue is generated through transaction-based fees for payment processing services, as well as service contracts with retailers and partnerships with technical operators, ensuring a steady income stream.Lavego AG aims to expand its offerings and market presence in the near future. Plans include the launch of new products designed for enhanced payment solutions, though specific release dates have yet to be announced. The company is also targeting expansion into additional European markets to broaden its customer base. The recent funding through the Series A round in October 2007 will be utilized to support these initiatives, further solidifying Lavego's capabilities in the payment solutions sector.

## Funding rounds

- Series A, Oct 21, 2007, $0.4M — BayBG

## Investors

- BayBG (https://capitalatlas.ai/funds/baybg) — Series A