Round2 Capital Partners

Round2 Capital Partners is a Vienna-based investment firm specializing in providing non-dilutive growth capital to fast-growing B2B software companies. Unlike traditional venture capital, Round2 Capital offers financing solutions that do not require founders to relinquish equity stakes, making it an attractive option for companies focused on retaining ownership and control. Their primary geographic focus is on the DACH region (Germany, Austria, Switzerland) and the Nordics, though they are expanding their reach across the broader European market.

Round2 Capital's investment thesis is built around supporting mature startups and scale-ups that have demonstrated robust recurring revenue and a clear path to profitability. They provide flexible, revenue-based financing tailored to the specific needs of each company, whether for expansion, product development, or market entry. This model is particularly beneficial for founders who prioritize maximizing their equity value and maintaining strategic independence as their businesses grow.

The firm typically provides initial cheques ranging from approximately €2 million to €20 million, which translates to about $2.16 million to $21.6 million USD, adjusting the structure to align with the portfolio company's revenue profile. Round2 Capital has successfully raised substantial capital, with their latest vehicle, Fund III, closing at €100 million (approximately $108 million USD). This significant raise brings their total capital under management to over €200 million (more than $216 million USD) across three funds, enabling them to support a diverse and growing portfolio of over 20 innovative technology companies.

Beyond capital, Round2 Capital aims to act as a strategic partner, leveraging its extensive industry expertise and network to help portfolio companies achieve their ambitious growth objectives. Their commitment to non-dilutive financing underscores a founder-friendly approach, fostering long-term relationships and sustainable growth for emerging and established European tech leaders.