Revenue-based financing, Vienna
Round2 Capital
Venture capital firm · Vienna · Founded 2017
Quick read
Round2 Capital, a revenue-based financing firm, was founded in 2017 and is headquartered in Vienna, Austria. It provides non-dilutive growth capital to SaaS and recurring-revenue software companies across DACH and the Nordics, repaid as a percentage of future revenues. With over 30 portfolio companies across 8 European jurisdictions, it targets businesses on the path to €50m ARR.
Key facts
- Founded
- 2017
- Founders
- Christian Czernich, Jan Hillered
- Employees
- 16
- Sectors
- saas, enterprise, fintech
- Website
- round2cap.com
Investment thesis
Round2 Capital provides non-dilutive, revenue-based financing to SaaS and recurring-revenue software companies in DACH and the Nordics, repaid as a share of future revenues. The firm targets growth-stage businesses between early traction and €50m ARR, avoiding equity dilution, loss of founder control, and restrictive covenants.
Recent activity
- May 2026investmentRound2 Capital made an undisclosed Seed investment in E-Learning-Group, providing 7-figure financing to drive educational innovation in the university sector. tracxn.com
- Mar 2026investmentA funding round involving Round2 Capital was recorded on Crunchbase; deal details are obfuscated behind the paywall. crunchbase.com
- Jul 2025investmentRound2 Capital invested a EUR 7-figure amount in Friendsurance, a German bancassurance platform provider, to fund further growth. round2cap.com
- Jun 2025pressRound2 Capital team attended SuperReturn International 2025 in Berlin (2–6 June). linkedin.com
- 2025investmentRound2 Capital led a USD 20 million investment in EvoluteIQ to support growth in AI-powered automation. round2cap.com
- 2025investmentRound2 Capital invested a 7-figure amount in WeAreDevelopers, Europe's developer community and career platform. linkedin.com
- 2023investmentPortfolio company DRACOON GmbH was acquired by Kiteworks as part of its DACH expansion. Round2 Capital co-investors on the deal included BayBG, HTGF, SaaSgarage, and WENVEST Capital. linkedin.com
- May 2026investmentRound2 Capital made an undisclosed seed investment in E-Learning Group, with a new European education group formed through Sefera's investment in the same portfolio company. round2cap.com
- Jul 2025investmentRound2 Capital invested a EUR 7-figure amount in bancassurance platform Friendsurance to fund its European expansion. round2cap.com
- Nov 2024investmentRound2 Capital led a USD 20m investment round into EvoluteIQ, an AI-powered automation company, alongside Nordea and Dahlgren Capital. tracxn.com
- 2024pressPortfolio company DRACOON GmbH was acquired by Kiteworks as part of Kiteworks' expansion in DACH markets, marking one of Round2's three portfolio exits to date. linkedin.com
Notable investments
- E-Learning-GroupSeedMay 2026tracxn.com
- FriendsuranceUndisclosedJul 2025round2cap.com
- EvoluteIQUndisclosed2025round2cap.com
- WeAreDevelopersUndisclosed2025linkedin.com
- DRACOON GmbHUndisclosed (exited via acquisition by Kiteworks)2023linkedin.com
- BetterspaceUndisclosed2023linkedin.com
- Actindo AGUndisclosed2022linkedin.com
- FriendsuranceGrowthJul 2025round2cap.com
- EvoluteIQGrowthAug 2024tracxn.com
- DRACOON GmbHGrowth2024linkedin.com
- DealCircleUndisclosedtracxn.com
- ActindoUndisclosedtracxn.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Christian Czernich · Founder & Managing Partner
- Jan Hillered · Managing Partner, Founder
- Stefan Nagel · Partner
- Maximilian Held · Team Member
- Christoph Bezemek · Co-founder & Partner
Sources
- Round2 Capital – Home
- Round2 Capital Partners | LinkedIn
- Round2 Capital Partners – Tracxn
- Round2 Capital Partners – Crunchbase
- Round2 Capital Partners: Funding, Team & Investors
- Round2 Capital Partners – RocketReach
- https://tracxn.com/d/private-debt-fund/round2capitalpartners/__99AB6KNPBSYqpf0wl87pDuf4rZhC1DfSFJyDnCEc4dA
- https://www.crunchbase.com/organization/round2-capital-partners/investor_summary/overview_timeline
- https://www.linkedin.com/in/heinz-marx-99a04451/
Other VCs in Austria
- Speedinvest · Pan-European VC, Vienna + Berlin·
- 3VC · Multi-stage VC, Vienna·
- APEX Ventures · Deep-tech VC, Vienna
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Frequently asked
What is Round2 Capital?+
Round2 Capital, a revenue-based financing firm, was founded in 2017 and is headquartered in Vienna, Austria. It provides non-dilutive growth capital to SaaS and recurring-revenue software companies across DACH and the Nordics, repaid as a percentage of future revenues.
Where is Round2 Capital headquartered?+
Round2 Capital is headquartered in Vienna, Austria.
When was Round2 Capital founded?+
Round2 Capital was founded in 2017 by Christian Czernich, Jan Hillered.
What sectors does Round2 Capital invest in?+
Round2 Capital focuses on saas, enterprise, fintech. They primarily invest in these sectors.
How do I prepare for a meeting with Round2 Capital?+
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