Paragon Partners
Private equityMünchen · Growth–Late Stage · 31 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
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 Aug 18, 2026.
Team · 31 people
from the firm's websiteWhat they invest in
from 14 of 45 portfolio companiesAdvanced Manufacturing ×6Logistics & Supply Chain ×5E-commerce ×4Hardware ×3New Materials ×3Cleantech ×2Marketing Tech ×2Mobility & Transportation ×2
HQs:Germany×9Canada×1
Investments · 45 tracked
founders shown can be your intro path7Days 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 provides professional industrial paint stripping (decoating) services for coated workpieces and components, using chemical, thermal, and mechanical methods.
Advanced ManufacturingCircular EconomyCleantechLeutkirch im Allgäu, DE
Castolin Eutectic provides maintenance, repair, and wear protection technologies and services for heavy industries such as mining, steel, cement, oil and gas, power generation, and railway.
Advanced ManufacturingNew Materials
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
Duoplast provides stretch films and stretch hoods, packaging machines, and packaging optimization services for securing pallet loads, offering a full system for transport packaging.
Advanced ManufacturingLogistics & Supply ChainNew Materials
DYMATRIX offers a customer data and marketing platform that unifies data sources into 360-degree customer profiles and uses AI to automatically select the most relevant content, channel, and send time for each individual contact.
AI & Machine LearningMarketing TechSaaS
EOS makes sauna and wellness equipment, including sauna heaters (Öfen) and control systems for wellness cabins.
Advanced ManufacturingHardwareWellness & Fitness
EUROPART supplies spare parts, tools, and workshop equipment for trucks, trailers, buses, and vans, serving commercial vehicle workshops and fleet operators.
B2B MarketplacesLogistics & Supply ChainMobility & Transportation
GoBolt operates a supply chain network for merchants, providing warehousing, pick and pack, shipping, and last-mile delivery through a network of warehouses across North America and custom-built apps.
CleantechE-commerceLogistics & Supply Chain
Co-investorsFounderFuelIngka InvestmentsKensington Capital Partners LimitedPlaza VenturesWhitecap Venture PartnersYaletown Partners
KINSHOFER manufactures attachments for truck cranes and excavators used in industries such as scrap, demolition, construction, forestry, and recycling.
Advanced ManufacturingConstruction TechHardwareHolzkirchen, DE
PAKi Logistics provides load-carrier management and open pooling services for euro pallets and box pallets, using digital tools to organize logistics for its clients.
Logistics & 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
rapidmail is an email marketing tool for creating and sending newsletters, including guidance for first-time newsletter users.
Marketing TechSaaS
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.
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