Round2 Capital, a Vienna, Austria-based software program funding agency, accomplished the primary shut of its second software program lending fund with €62m.
The Round2 Capital Fund II buyers embrace numerous household places of work and institutional buyers from Europe in addition to the US. The anchor investor is the European Funding Fund (EIF), which will likely be represented on the fund’s governance board.
The second fund, which has a goal of €100m, targets European progress corporations providing B2B software program crucial to enterprise success with sometimes € 5-25m Annual Recurring Income. With its company-friendly revenue-based funding strategy, Round2 Capital permits software program corporations to show their recurring revenues into versatile progress financing, that permits these companies to safe capital with none dilution, lack of management, or restrictive covenants.
The fund will likely be managed by Christian Czernich, Jan Hillered, Isabella Hermann-Schön and Stefan Nagel.
Round2 Capital is a pan-European software program lending agency making use of an actively managed revenue-based credit score technique and has invested in additional than 25 corporations all through 8 European jurisdictions. It has enterprise areas in Vienna, Berlin, and Stockholm. The agency is energetic in a number of European nations, with a concentrate on Germany, Switzerland, Austria, the Nordic nations, and the UK. Thus far, Round2 Capital has invested in 25 corporations.
The shut expands the agency’s complete assets-under-management to €115m.
FinSMEs
28/11/2022
