EvoluteIQ will use the funds provided by Round2 Capital to accelerate the scale-up phase of the business.
Vienna/Stockholm, October 28th, 2021 – Round2 Capital adds another Nordic scale-up to its portfolio with its latest investment in EvoluteIQ.
EvoluteIQ is a technology company that accelerates enterprise transformation by leveraging its proprietary low code, no code hyperautomation enablement platform – e.IQ. The platform makes it possible to bring together fragmented technology landscapes and ongoing automation initiatives to achieve digital transformation at scale. The exhaustive feature set of e.IQ allows enterprises to break away from silos and seamlessly adopt new technologies for future-proofing their business and significantly reduce the total cost of ownership.
Round2 Capital joins Nordea Growth Fund and Confidus Venture Capital in backing EvoluteIQ on its strong growth path.
Sameet Gupte, the Chief Executive Officer of EvoluteIQ said “We have experienced significant growth with our existing customers as well as new client acquisitions this year. The funds from Round2Capital will help us in this endeavour to further expand our sales and marketing investments globally”.
Peter Dahlgren, the Chairman of EvoluteIQ said “This investment further reinforces the robustness of our business model and EvoluteIQ’s unique positioning in the integrated automation marketplace. The adoption of the e.IQ platform has accelerated globally and we are keen to capitalise on this growth momentum.”
Christian Czernich, CEO and Co-Founder of Round2 Capital said: “We are excited to partner with EvoluteIQ and supporting their effort in establishing the e.IQ hyperautomation platform across the globe. Hyperautomation is one of the top strategic IT trends globally and the highly professional team of EvoluteIQ and the scalable business model makes us comfortable stepping into this market. In addition, the unique financing structure offered by Round2 Capital provides the flexibility required and fits perfectly with the business model and company needs. Round2 is looking forward to working with EvoluteIQ and supporting them in becoming a top leader in this market”.
About Round2 Capital
Round2 Capital (www.round2cap.com) is a fast-growing European investment firm. With business locations in Vienna, Berlin and Stockholm the company is a strong partner for European scale-ups with digital and sustainable business models. Headquartered in Vienna since 2017, Round2 Capital has been the pioneer of revenue-based financing in Europe. The company is active in several European countries focusing on Germany, Switzerland, Austria, and the Nordics. To date, Round2 Capital has invested in 23 companies, EvoluteIQ being its latest investment. With this fourth investment in Sweden, Round2 Capital further strengthens its market position.
About EvoluteIQ: EvoluteIQ is a Stockholm based privately held product company that was carved out in 2019 from a global technology group. The core platform e.IQ is, an end-to-end Enablement Platform for hyperautomation that combines the capabilities of low-code / no-code, iBPMS, AI, ML, IOT, RPA Integration, OCR, Blockchain and data processing on a single integrated platform. Headquartered in Sweden, the company has a global presence with offices in the US, UK and India.