Paragon Partners
Private equityMünchen · Growth–Late Stage · 36 people tracked
Also known as THE PARAGON PARTNERS FUND II GMBH & CO. KG · THE PARAGON PARTNERS FUND III GMBH & CO. KG · THE PARAGON PARTNERS FUND IV GMBH & CO. KG
Find your way into Paragon Partners
1,903 people in our graph share verified history with the Paragon Partners team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Paragon is an owner-managed investment firm that has stood for sustainable investments in mid-market companies since 2004. It acquires established Mittelstand companies with sustainable business models and significant growth potential, letting each company operate independently under its own management and financing. Paragon supports its holdings from an advisory board position, helping management teams improve businesses strategically and operationally, and provides additional capital for add-on acquisitions and growth initiatives. It also offers access to external experts in areas such as recruiting and operational development. Its investors include institutional players like life insurers, pension funds, and university endowments, alongside the Paragon team.
Source: firm website, verified Sep 1, 2026.
Team · 36 people
from the firm's website & public directories
Founder mafia
2 people who came through Paragon Partners went on to found or lead other companies.
What they invest in
from 16 of 46 portfolio companiesAdvanced Manufacturing ×6Logistics & Supply Chain ×5E-commerce ×4Hardware ×3New Materials ×3SaaS ×3Circular Economy ×2Cleantech ×2
HQs:Germany×12Canada×1India×1
Investments · 46 tracked
founders shown can be your intro path
Castolin manufactures welding, coating, brazing, and thermal spraying equipment and consumables for industrial applications across hydropower, mining, oil and gas, steel, automotive, and aerospace sectors.
Advanced ManufacturingNew MaterialsMunich, DE
7Days Gruppe is an owner-managed group of companies offering sales, distribution, and logistics solutions along with fulfillment services and IT-supported process design for selected industries such as fashion, FMCG, healthcare, media, retail, eCommerce, industry, construction, and telecommunications/technology.
E-commerceLogistics & Supply ChainRetail TechTroisdorf, DE
ABL-Technic Group is the global market leader in paint stripping and metal cleaning services for automotive and industrial customers across 24 locations in 10 countries.
Advanced ManufacturingCircular EconomyCleantechLeutkirch im Allgäu, DE
Chai Point sells tea blends and brewing products, offering a home café experience with personalized blends for consumers in India.
ConsumerDirect to ConsumerFoodTech
Co-investorsDSG Consumer PartnersNewRadioVentureSaama CapitalStride VenturesTrifecta Capital AdvisorsEight Roads Ventures
Chicco di Caffè operates its own coffee roastery selling specialty coffee through an online shop, and runs the chicco akademie offering on-site training and courses for baristas and other professionals.
ConsumerE-commerceFoodTech
cunova is a manufacturer of copper-alloy products and solutions serving industrial, maritime, and melting & casting technology applications, including tube bundles for marine systems.
Advanced ManufacturingHardwareNew MaterialsOsnabrück, DE
EOS makes sauna and wellness equipment, including sauna heaters (Öfen) and control systems for wellness cabins.
Advanced ManufacturingHardwareWellness & Fitness
GoBolt provides ecommerce fulfillment and last-mile delivery services, handling picking, packing, shipping, delivery, and returns for merchants, with a focus on sustainability and an electric vehicle fleet.
CleantechE-commerceLogistics & Supply ChainSaaS
Heindrik Bernabe(Co-founder)inMark Ang(Co-founder & CEO)in
Co-investorsFounderFuelIngka InvestmentsKensington Capital Partners LimitedPlaza VenturesWhitecap Venture PartnersBDC Capital Corporation+4 more
PAKi Logistics operates a load-carrier pooling network for managing and exchanging pallets and containers across Europe.
Circular EconomyLogistics & Supply ChainEnnepetal, DE
POLO Motorrad is an online retailer of motorcycle gear, apparel, and accessories, offering products such as riding outfits and equipment.
E-commerceMobility & TransportationRetail Tech
Schülerhilfe is a German tutoring institute offering after-school academic support in subjects such as math, German, English, sciences and languages, delivered in small groups of three to five students or as one-on-one lessons, in person or online.
EdTech
Co-investorsDBAGDeutsche Beteiligungs AGLevine Leichtman
Fund performance · per public LP disclosures · 3
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| The Paragon Fund IV GmbH & Co. KGLPs: Florida State Board of Administration | 2023 | — | -13.2% | 0.96x | 0.00x |
| Paragon Venture Partners II, L.P.LPs: Washington State Investment Board | 1989 | — | 11.6% | 2.30x | 2.30x |
| Paragon Partners, L.P.LPs: Washington State Investment Board | 1984 | — | 13.8% | 2.10x | 2.09x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Paragon Partners made?
- Paragon Partners has 44 tracked investments.
- What stage does Paragon Partners invest at?
- Paragon Partners invests at the Growth, Late Stage stages.
- What sectors does Paragon Partners focus on?
- Paragon Partners focuses on Sector Agnostic.
- Where is Paragon Partners located?
- Paragon Partners is headquartered in München, DE.
- Who does Paragon Partners co-invest with?
- Paragon Partners most often shares deals with DBAG, Deutsche Beteiligungs AG, Levine Leichtman, among 3 tracked co-investors.
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