Round2 Capital, a Vienna, Austria-based software investment firm, completed the first close of its second software lending fund with €62m.
The Round2 Capital Fund II investors include various family offices and institutional investors from Europe as well as the US. The anchor investor is the European Investment Fund (EIF), which will be represented on the fund’s governance board.
The second fund, which has a target of €100m, targets European growth companies offering B2B software critical to business success with typically € 5-25m Annual Recurring Revenue. With its company-friendly revenue-based funding approach, Round2 Capital enables software companies to turn their recurring revenues into flexible growth financing, that allows those businesses to secure capital without any dilution, loss of control, or restrictive covenants.
The fund will be managed by Christian Czernich, Jan Hillered, Isabella Hermann-Schön and Stefan Nagel.
Round2 Capital is a pan-European software lending firm applying an actively managed revenue-based credit strategy and has invested in more than 25 companies throughout 8 European jurisdictions. It has business locations in Vienna, Berlin, and Stockholm. The firm is active in several European countries, with a focus on Germany, Switzerland, Austria, the Nordic countries, and the UK. To date, Round2 Capital has invested in 25 companies.
The close expands the firm’s total assets-under-management to €115m.
FinSMEs
28/11/2022