FLEX Capital
Founded 2018 · 51 employees on LinkedIn · 2 known investors
Flex Capital is a private equity fund that acquires and invests in profitable, growing technology companies in German-speaking markets, offering succession solutions, carve-outs, and management buyouts. It provides flexible equity structures alongside an in-house operational team to help "hidden champion" firms scale, with an emphasis on ESG criteria.
Also known as FLEX Capital · Flex Capital GmbH
Investors · 2
Company profile
researched Aug 2026FLEX Capital is a private equity investor focused on the software and technology Mittelstand in German-speaking Europe. It positions itself as a firm run by entrepreneurs ("entrepreneurs at heart, investors by profession") that combines capital with an in-house operational expert team to take medium-sized software and tech businesses to their next growth stage.
The firm's stated investment criteria are bootstrapped tech and software companies located in Germany, Austria and Switzerland, with revenues of EUR 5-50 million, acquired via majority shareholdings. FLEX Capital builds and grows company platforms, and its portfolio and platform activity includes Nitrado, PROXORA, Omikron, EVEX Group, IPRO, Formware, lawpilots, Simovative, Evo IT, 3C Deutschland, the OMS Group, the Neeyo Group and Egoditor (exited in 2021).
Founding story
According to co-founders Peter Waleczek and Christoph Jost, FLEX was founded in reaction to their experience as founders sitting across from investors who explained entrepreneurship without ever having been entrepreneurs themselves.
Business model
FLEX Capital acquires majority stakes in profitable, bootstrapped software and technology companies in the DACH region and supports them through an operational value-creation team, consolidating assets into larger business platforms (for example the EVEX Group, OMS Group and Neeyo Group) and realising value through exits such as Egoditor in 2021.
Traction
The partners report an entrepreneurial track record of founded companies with more than EUR 200 million in revenue, over 1,500 employees across six continents, and more than 150 investments with over 20 exits representing more than EUR 20 billion in enterprise value. Christoph Jost's pre-FLEX private investments are cited at a 4.5x MOIC and 63% IRR, and Dr. Toni Schmidt led portfolio company EVEX Group from EUR 10 million to over EUR 30 million in revenue.
Latest developments
Recent announcements include EVEX Group's acquisition of Bludata, the appointment of Dr. Bernhard Langwallner (previously Managing Director AI at CHECK24) as Partner, the acquisitions of Evo IT in Austria and 3C Deutschland, the combination of Simovative and SOP into a European higher-education software platform, and the OMS Group's expansion in customer communication management.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
FLEX Capital operates as a DACH-focused software and tech buyout investor running multiple company platforms, several of which it describes as leading providers in their niches, including the OMS Group in customer communication management, 3C Deutschland in digital claims management for insurers, and a European higher-education software platform formed from Simovative and SOP.
FLEX Capital presents itself as a new kind of private equity in which the partners are operators who founded and scaled their own companies, contributing entrepreneurial and operational expertise alongside capital; its partners have invested more than EUR 70 million of their own capital into FLEX Capital Fund I and Fund II.
Technology
The firm invests in software and technology businesses and has established a dedicated AI partner role to drive AI transformation at FLEX Capital and across its portfolio companies.
Go-to-market
Deal sourcing is directed at software entrepreneurs and M&A consultants via the firm's website, and the firm publicises transactions, platform combinations and portfolio founder success stories through press releases and interviews.
Owners and founders of bootstrapped tech and software companies in Germany, Austria and Switzerland with revenues between EUR 5 million and EUR 50 million; the firm also addresses M&A advisers as deal sources and candidates seeking career opportunities.
Geography
Investment focus on Germany, Austria and Switzerland; portfolio platforms extend into other European markets, for example EVEX Group's acquisition of Bludata giving it leadership in two of Europe's five largest markets, and the OMS Group's European expansion.
History
The firm was founded by Christoph Jost and Peter Waleczek, who built software platforms including Absolventa and Passion 4 Gästezimmer and invested private capital together before establishing FLEX. Four entrepreneurial partners — Felix Haas, Andreas Etten, Robert Wuttke and Jan Becker — backed the firm from the outset. The partner group has since expanded to include Dr. Toni Schmidt (former CEO at Synformulas and Check24, previously Associate Partner at McKinsey), Peter Kautz (former Statista board member, founder of mymoria, previously FLEX Director Value Creation) and Dr. Bernhard Langwallner as Partner AI. Portfolio milestones include the Egoditor exit in 2021 and subsequent platform build-ups.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
3 people who came through FLEX Capital went on to found or lead other companies.
Timeline · 7
launches, deals, and filingsPortfolio platform EVEX Group acquired Bludata, establishing market leadership in two of Europe's five largest markets.
FLEX Capital acquired 3C Deutschland, a provider of digital claims management solutions for the insurance sector.
FLEX Capital acquired Evo IT, an Austrian provider of customized software solutions in the DACH region.
The OMS Group became a leading provider of Customer Communication Management in the DACH region and continued expansion in Europe.
FLEX Capital appointed Dr. Bernhard Langwallner, previously Managing Director AI at CHECK24 (various MD positions there from 2015 to 2025), as Partner responsible for AI transformation of the firm and its portfolio companies.
Simovative and SOP joined forces in a transaction creating a European platform for higher education software.
FLEX Capital exited Egoditor in 2021, as stated in the partner profiles of Christoph Jost and Peter Waleczek.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- FLEX Capitalflex.capital · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does FLEX Capital do?
- German private equity firm taking majority stakes in bootstrapped software and tech SMEs across Germany, Austria and Switzerland.
- Who are FLEX Capital's investors?
- FLEX Capital's investors include 10x Group, BLN Capital.