Round2 Capital

Quick read

Round2 Capital, a revenue-based financing firm, was founded in 2017 and is headquartered in Vienna, Austria. It provides non-dilutive growth capital to SaaS and recurring-revenue software companies across DACH and the Nordics, repaid as a percentage of future revenues. With over 30 portfolio companies across 8 European jurisdictions, it targets businesses on the path to €50m ARR.

Key facts

Founded

2017

Founders

Christian Czernich, Jan Hillered

Employees

16

Sectors

saas, enterprise, fintech

Website

round2cap.com

Investment thesis

Round2 Capital provides non-dilutive, revenue-based financing to SaaS and recurring-revenue software companies in DACH and the Nordics, repaid as a share of future revenues. The firm targets growth-stage businesses between early traction and €50m ARR, avoiding equity dilution, loss of founder control, and restrictive covenants.

Recent activity

• Jun 2026investment
  Round2 Capital provided a 7-figure revenue-based financing to PreciTaste, an AI-powered kitchen management software company with 7,000+ deployments across 50+ restaurant chains. The non-dilutive capital will fund PreciTaste's European expansion and product development. round2cap.com
• Jun 2026investment
  Portfolio company Testbirds exited Round2's portfolio on 8 June 2026, marking the firm's sixth portfolio exit to date. cbinsights.com
• Apr 2026investment
  Portfolio company E-Learning Group GmbH (ELG) became part of Sefera GmbH, forming a European digital and hybrid higher education group alongside LUNEX University and Ambis University. Round2 Capital retained its growth equity position in ELG and will continue supporting the group's expansion. round2cap.com
• Jul 2025investment
  Round2 Capital invested a EUR 7-figure revenue-based financing in Berlin-based InsurTech Friendsurance to expand its bancassurance platform partnerships with European banks and insurers. round2cap.com
• Mar 2025investment
  Round2 Capital provided EUR 2.5m revenue-based financing to Nect, a German digital identity company with 12 million Nect Wallet users, to support EU market expansion and international growth. round2cap.com
• Oct 2024investment
  Round2 Capital led a USD 20m equity and debt investment into EvoluteIQ, an AI-powered enterprise automation platform, with co-investors Nordea Growth Fund, DCAP Select, and PH Ventures. round2cap.com
• 2024investment
  Round2 Capital led a USD 20m investment into EvoluteIQ to fuel growth in AI-powered automation. round2cap.com
• 2024investment
  Round2 Capital invested a EUR 7-figure amount into bancassurance platform Friendsurance to drive further growth. round2cap.com
• 2024investment
  Round2 Capital provided 7-figure financing to an e-learning group to drive educational innovation in the university sector. round2cap.com
• 2023investment
  Round2 Capital invested a 7-figure amount in Betterspace GmbH, a German hotel management platform, to expand its better.energy product offering into hospitality and adjacent sectors. linkedin.com
• 2023press
  Round2 Capital congratulated the DRACOON team on their acquisition, noting co-investors BayBG, Experium, HTGF, SaaSgarage, and WENVEST Capital on the deal. at.linkedin.com
• 2022investment
  Round2 Capital invested a 7-figure amount in Actindo AG, a digital operations platform used by Nintendo of Europe and ABUS, on a revenue finance basis. linkedin.com

Notable investments

• PreciTasteRevenue-Based FinancingJun 2026round2cap.com
• E-Learning Group GmbHGrowth Equity (continued)Apr 2026round2cap.com
• FriendsuranceRevenue-Based FinancingJul 2025round2cap.com
• NectRevenue-Based FinancingMar 2025round2cap.com
• EvoluteIQGrowth (Equity + Debt)Oct 2024round2cap.com
• EvoluteIQUSD 20m2024round2cap.com
• Friendsurance7-figure (EUR)2024round2cap.com
• E-Learning Group (unnamed)7-figure2024round2cap.com
• Betterspace GmbH7-figure2023linkedin.com
• Actindo AG7-figure2022linkedin.com
• AvallainFollow-on growth financing2022linkedin.com
• E-Learning-GroupSeedMay 2026tracxn.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Christian Czernich · Founder & Managing Partner
  LinkedIn
• Jan Hillered · Managing Partner, Founder
• Stefan Nagel · Partner
  LinkedIn
• Maximilian Held · Team Member
  LinkedIn
• Christoph Bezemek · Co-founder & Partner

Sources

• Round2 Capital – Home
• Round2 Capital Partners | LinkedIn
• Round2 Capital Partners – Tracxn
• Round2 Capital Partners – Crunchbase
• Round2 Capital Partners: Funding, Team & Investors
• Round2 Capital Partners – RocketReach
• https://tracxn.com/d/private-debt-fund/round2capitalpartners/__99AB6KNPBSYqpf0wl87pDuf4rZhC1DfSFJyDnCEc4dA
• https://www.crunchbase.com/organization/round2-capital-partners/investor_summary/overview_timeline
• https://www.linkedin.com/in/heinz-marx-99a04451/
• https://www.linkedin.com/posts/round2-capital-partners_round2cap-growth-acquisition-activity-7133008867638034432-VWQr?trk=public_profile_like_view
• https://at.linkedin.com/company/round2-capital-partners
• https://www.linkedin.com/posts/round2-capital-partners_an-exciting-2022-comes-to-an-end-activity-7011231182621143040-2gdS
• https://round2cap.com/round2-capital-invests-7-figure-sum-in-precitaste-to-accelerate-ai-driven-kitchen-management/
• https://www.cbinsights.com/investor/round2-capital-partners
• https://round2cap.com/new-european-education-group-formed-through-seferas-investment-in-round2-portfolio-company-e-learning-group/
• https://round2cap.com/round2-capital-invests-eur-7-figure-amount-into-bancassurance-platform-provider-friendsurance-to-drive-further-growth/
• https://round2cap.com/seven-figure-boost-for-digital-identity-leader-nect-secures-new-investment-from-round2-capital/
• https://round2cap.com/wp-login.php?action=lostpassword&redirect_to=%2Finsights%2F

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