Private Equity

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Round2 Capital

Round2 Capital gives software entrepreneurs the choice to grow their company without dilution. It is Europe's leading provider of revenue-based financing,...

Round2 Capital logo

Round2 Capital

Round2 Capital gives software entrepreneurs the choice to grow their company without dilution. It is Europe's leading provider of revenue-based financing, helping software businesses with recurring revenues grow through flexible funding solutions. Round2 was created to close the funding gap for software businesses and empower entrepreneurs to grow through revenue-based financing with royalties. Its portfolio includes over 30 companies across Europe.

General information

Firm type

Private Equity

Year founded

2017

Location

Region

Europe

Country

Austria

City

Vienna

Corporate office

Vienna, Austria

Additional offices

Berlin, Germany

Principals

Jan Hillered

General Contact

Sector focus

Enterprise SoftwareAI/MLFinTechEdTechCybersecurityDigital HealthPropTechMedia & EntertainmentHR TechLogistics & Supply Chain

Frequently asked questions

How does Round2 Capital's financing model differ from traditional venture debt?

Round2 provides revenue-based financing with royalties, not fixed-interest debt. Repayments scale with the borrower's top-line revenue, aligning the firm's returns with portfolio company growth rather than imposing rigid debt-service schedules. The firm explicitly avoids taking board seats or equity warrants, giving founders a financing option that sits between bootstrapping and dilutive venture capital rounds.

Does Round2 Capital take board seats or equity in its portfolio companies?

No. Round2's stated model is to provide growth capital via revenue-based financing with royalties while leaving founders in full control. The firm does not take board seats or equity warrants, positioning itself as a non-dilutive partner for SaaS entrepreneurs who want to avoid governance dilution.

Which countries does Round2 Capital invest in?

Round2 has deployed into companies across 9 countries since 2018. Its geographic footprint includes the DACH region, the Nordics, and broader Western Europe, with offices in Vienna and Berlin. Portfolio companies such as DRACOON (Germany) and Zen Educate (UK) reflect this cross-European reach.

Who leads investment decisions at Round2 Capital?

The firm's public-facing contact is Jan Hillered, who handles general enquiries from the Vienna office. Round2 does not publicly list a full investment committee or dedicated CIO on its website or LinkedIn, making the internal decision-making structure opaque to outside observers.

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