Fundraising Fox

Round2 Capital Partners

Venture debt

Berlin · Series A–Late Stage · 16 people tracked

Also known as Round2 Capital Partners LP RAIF

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Investment thesis

Round2 Capital provides revenue-based financing to software entrepreneurs, enabling them to grow without giving up equity or control. Positioning itself as Europe's leading provider of revenue-based funding, the firm targets software businesses with recurring revenues and offers flexible funding solutions tailored to each company's goals. Its philosophy emphasizes steady, long-term, sustainable growth over short-term expansion, and it aims to help entrepreneurs readily access capital while retaining ownership of what they build.

Source: firm website, verified Aug 3, 2026.

Stage
Series A–Late Stage
Check
$1M – $5M
HQ
Berlin, DE
Instruments
Debt
Founded
2017
Tracked investments
42

Team · 16 people

from the firm's website & curated & public directories
Isabella Hermann-Schoen· Managing Partner
Stefan Nagel· Managing Partnerin𝕏
Isabella Hermann-Schön· Managing Partnerin
Hans Wikse· Advisory Board
Maximilian Held· Senior Investment Managerin
Niklas Törnkvist· Advisory Board
Sven Leissler· Advisory Board
Vinayak Bhattacharjee· Advisory Board
Wolfgang Hargassner· Advisory Board

What they invest in

from 37 of 42 portfolio companies

SaaS ×23Enterprise Software ×15AI & Machine Learning ×13Marketing Tech ×6Cybersecurity ×5Fintech ×5B2B Marketplaces ×4Developer Tools ×4

HQs:Germany×13Austria×4Sweden×4Finland×2United Kingdom×2Switzerland×1

Who they back

founder profiles across 10 portfolio companies
50%
solo founders
5 of 10 mapped founding teams

Founding team size:solo founder×52 founders×43 founders×1

Investments · 42 tracked

founders shown can be your intro path
3GSM3gsm.atin

Company providing drone-based surface assessment and data collection solutions for hard-to-reach areas, including muck pile analysis.

Data & InfrastructureHardware

Actindoactindo.comin

Actindo provides an order management system and platform for e-commerce and retail that unifies orders across multiple sales channels including D2C, B2B, brick-and-mortar, and marketplaces using centralized inventory management and process orchestration.

E-commerceEnterprise SoftwareSaaS

Avallainavallain.comin

Avallain is an educational technology company that provides AI-powered authoring and learning management solutions for publishers and educational institutions.

AI & Machine LearningEdTechSaaSAppenzell Ausserrhoden, CH

Ignatz Heinz(President and Co-Founder)inUrsula Suter(Executive Chairwoman and Co-Founder)in

Betterspacebetterspace360.comin

Betterspace provides software solutions to help non-residential buildings and enterprises with digital transformation.

CleantechConstruction TechEnergyEnterprise SoftwareIoTPropTechSaaSIlmenau, DE

Benjamin Köhler(Co-CEO & Chief Revenue Officer)Marcel Schöttke(Co-CEO & Chief Technical Officer)

Blue Fire AIbluefireai.com

Blue Fire AI develops Emmalyn, a neuro-symbolic AI framework for active investment decision-making, deployed by large asset managers either as a fully managed AI-native active asset manager or as a research service to improve investment strategies.

AI & Machine LearningEnterprise SoftwareFintech

Boltensternboltenstern.com

Boltenstern creates jewelry combining 3D printing technology with fine craftsmanship, producing pieces directly from 18-karat gold with gemstone accents.

ConsumerDirect to ConsumerE-commerceHardware

Clanedclaned.comin𝕏

Claned is a digital learning platform that combines online pedagogy and learning analytics to help organisations deliver engaging and effective training.

AI & Machine LearningCloud ComputingEdTechEnterprise SoftwareSaaSHelsinki, FI

Vesa(Co-founder)Petri(Chief Business Development Officer)

Cookie Consent with Real Cookie Bannerdevowl.io

A web development company creating high-quality WordPress plugins, React frontends, and Node.js backends for clients.

Developer ToolsSaaSGermany, DE

Matthias GünterJan Karres

Co-investorsBeyond Capital PartnersGREEN FamilyOffice GmbHUtopia

Customer Alliancecustomer-alliance.comin𝕏

Customer Alliance is a guest feedback intelligence platform for hotels that centralizes reviews and surveys, enables teams to respond to guest feedback across major portals with an AI reply assistant, and tracks satisfaction metrics like CSAT and NPS.

Marketing TechSaaSTravel & Hospitality

Co-investorsRheingau FoundersSenovo

DealCircledealcircle.comin

DealCircle provides AI-powered buyer matching technology for M&A advisors and investment professionals, automating the creation of targeted acquisition candidate lists from a database of over 250,000 contacts.

AI & Machine LearningEnterprise SoftwareSaaS

DRACOONdracoon.comin𝕏

DRACOON provides GDPR-compliant cloud storage and file synchronization solutions designed to integrate with Microsoft 365 applications like Teams and Outlook, addressing data protection concerns for organizations handling sensitive information.

Cloud ComputingCybersecurityEnterprise SoftwareRegensburg, DE

E-Learning Groupe-learning-group.comin𝕏

E-Learning Group offers flexible online continuing education and distance learning programs in cooperation with accredited universities for working professionals.

EdTechHamburg, DE

Enviseenvise.ioin

Envise provides interactive real estate solutions and property management tools for real estate companies and their customers throughout the property lifecycle.

PropTechSaaS

Anna Nordström(CEO)

EvoluteIQevoluteiq.comin

EvoluteIQ provides an agentic AI platform for building and managing autonomous processes in regulated industries, integrating with enterprise systems like SAP and Salesforce.

AI & Machine LearningEnterprise SoftwareSaaS

Friendsurancefriendsurance.comin

Friendsurance Business provides a white-label digital platform for bancassurance that enables banks and insurers to digitize insurance products and services for their customers through online banking integration.

FintechInsurTechBerlin, DE

Co-investorsGerman Startups Group

HDS Grouphds-group.comin𝕏

HDS Group provides invoice digitization and document management software using OCR and AI to automatically extract invoice data, process supplier invoices, and archive documents for accounting teams and finance departments.

AI & Machine LearningFintechSaaS

Horse & Countryhorseandcountry.tv𝕏

Horse and Country is a dedicated equestrian sports and lifestyle network that broadcasts live sports coverage, training content, and documentary programming to over 40 million households across pay-TV and digital streaming platforms globally.

Media & EntertainmentSports Tech

Hoxhunthoxhunt.comin𝕏

Hoxhunt provides an AI-powered human risk management platform that automates security awareness and phishing training for enterprise employees through gamified, personalized simulations and interactive training modules.

AI & Machine LearningCybersecurityEnterprise Software

Mika Aalto(Founder)in

Co-investorsDawn CapitalIcebreakerLevel Equity

Internet Yieldiy.se

Internet Yield acquires and operates a portfolio of websites across multiple niches and geographies.

B2B MarketplacesSector Agnostic

Dan Egerstad(Founder)Adam Ljungrell(Founder)

Jacandojacando.com
Klaxoon by Wrikeklaxoon.comin

Klaxoon offers a collaboration platform with AI features, visual management tools, whiteboards, and ready-to-use templates for teams working in design, manufacturing, marketing, client services, training, agile, and project management.

Enterprise SoftwareFuture of WorkSaaS

Matthieu Beucher(Founder)in

Co-investorsWhite Star CapitalWind Venture

Market Logicmarketlogicsoftware.comin𝕏

MarketLogic provides market research and consumer behavior insights software for consumer goods enterprises to understand shifting consumer preferences and market trends.

AI & Machine LearningConsumerEnterprise SoftwareHealthtechMarketing Tech

minubominubo.comin

minubo provides a data analytics platform that lets users create in-depth analyses, dashboards, and reports with a few clicks, offered with a guided demo shop and a free 14-day trial.

Data & InfrastructureRetail TechSaaS

Co-investorsTola Capital

Myprivateboutiquemyprivateboutique.ch
Myra Securitymyrasecurity.comin

Myra is a German Security-as-a-Service platform that monitors, analyzes, and filters malicious internet traffic to protect digital business processes.

CybersecurityDefense TechEnterprise SoftwareSaaSNot stated on page, DE

NECTnect.comin𝕏

Nect provides AI-based identity verification and fraud prevention technology, including video-based remote identification, liveness detection, and age verification.

AI & Machine LearningCybersecurityDigital HealthFintechGovTechHamburg, DE

Co-investorsAlstin CapitalDvH VenturesKickstart Innovation

Ocastocast.comin𝕏

Ocast is a marketplace platform that connects advertisers and companies with media agencies, influencers, and marketing service providers across the Nordic region.

AdTechB2B MarketplacesMarketing TechSaaSStockholm, SE

Eric Gisaeusin

ONTOPxontopx.com

ONTOPx is an independent manufacturer of LED lighting products and solutions.

CleantechHardwareLeutenbach-Nellmersbach, DE

Phyronphyron.comin

Phyron develops digital sales and marketing solutions using immersive 3D technology for automotive dealers and OEMs.

AI & Machine LearningMarketing TechSaaSStockholm, SE

Portagonportagon.comin

portagon is a distribution platform for alternative investments in private capital markets, offering standardized software solutions and a digital marketplace for asset issuers and distributors.

B2B MarketplacesFintechSaaSFrankfurt, DE

Jamal El Mallouki(Managing Director and Co-founder)in

Co-investorsblueworld.group

Proeinsproeins.de
Quivoquivo.coin

Quivo operates a fulfillment and logistics solution that synchronizes e-commerce shops with warehouses for automated order processing.

Logistics & Supply ChainSaaSWetzlar, DE

Salesimpactsalesimpact.ioin𝕏

Seattle, US

Alexandra Damgaard(Founder)

Shortcut Labsflic.ioin𝕏

Flic develops smart buttons that integrate with existing business systems through customizable software.

ConsumerHardwareIoTRetail TechStockholm, SE

Amir SharifatJoacim WestlundPranav Kosuri

Co-investors500 GlobalHCVC

Smartlockrsmartlockr.io

Co-investorsNV NOMValue Creation Capital

Testbirdstestbirds.comin𝕏

Testbirds provides crowdtesting and QA/UX testing services, leveraging a global community of real testers to validate digital products across devices and use cases.

Developer Tools

Co-investorsMatterwave VenturesP101 Ventures

UNGUESSunguess.ioin

UNGUESS operates a crowdtesting platform that combines a profiled community of testers with proprietary technology to run functional testing, UX research, and security testing for companies.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareSaaS

Co-investorsClub Italia Investimenti 2Italian Angels for GrowthP101 Ventures

Vainuvainu.comin𝕏

Vainu provides a B2B sales intelligence platform with company and contact data covering the Nordic region, helping sales teams identify and reach decision-makers to shorten sales cycles and increase conversion rates.

Data & InfrastructureEnterprise SoftwareSaaSSales TechHelsinki, FI

WeAreDeveloperswearedevelopers.comin𝕏

WeAreDevelopers is a global platform where tech professionals build skills, share knowledge, and connect with peers and employers.

Creator EconomyDeveloper ToolsEnterprise SoftwareFuture of WorkMarketing TechSaaSVienna, AT

Workspace 365workspace365.netin𝕏

Workspace 365 provides an all-in-one adaptive digital workplace that centralizes access to applications, documents, company information, and communication tools for organizations.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSNijkerk, NL

XroadMediaxroadmedia.comin𝕏

XroadMedia develops a personalization platform that helps streaming operators, media companies, broadcasters, and service providers recommend content and target advertising to consumers.

AdTechAI & Machine LearningMarketing TechMedia & EntertainmentSaaSVienna, AT

Adolf Proidl(Chief Executive Officer)inTom Dvorak(Chief Commercial Officer)inAndras Kalmar(Chief Technology Officer)Paul Schenk(Chief Operating Officer)

Zen Educatezeneducate.comin𝕏

Zen Educate operates a digital platform connecting schools to qualified substitute teachers and temporary educators.

B2B MarketplacesEdTechHR TechSaaSLondon, GB

Oren Cohen(Founder)inSlava Kremerman(Founder)in

Co-investorsAdjuvoBrighteye VenturesClaret Capital PartnersConduit ConnectCREAS IMPACTO GLOBAL SGEICOleka Capital

Frequently asked questions

How many investments has Round2 Capital Partners made?
Round2 Capital Partners has 42 tracked investments.
What stage does Round2 Capital Partners invest at?
Round2 Capital Partners invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What is Round2 Capital Partners's typical check size?
Round2 Capital Partners typically writes checks of $1M – $5M.
What sectors does Round2 Capital Partners focus on?
Round2 Capital Partners focuses on E-commerce, Enterprise Software, Hardware, SaaS, Sector Agnostic.
Where is Round2 Capital Partners located?
Round2 Capital Partners is headquartered in Berlin, DE.
Who does Round2 Capital Partners co-invest with?
Round2 Capital Partners most often shares deals with P101 Ventures, Brighteye Ventures, HCVC, among 29 tracked co-investors.

Media · Podcasts & interviews

featuring the team

487th 1Mby1M Entrepreneurship Podcast With Christian Czernich, Round2 Capital Partners

1Mby1M Roundtables · Christian Czernich

Investor Connect - 528 - Christian Czernich of Round2 Capital Partners

Hall Martin · Christian Czernich

487th 1Mby1M Roundtable May 28 2020: With Christian Czernich, Round2 Capital Partners

1Mby1M Roundtables · Christian Czernich

Images

Round2 Capital Partners photoRound2 Capital Partners photo

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