evoluteIQ will use the funds provided by Round2, complemented by a loan from Nordea, to finance the scale-up phase of the business.
Vienna, September 6th, 2021 – Round2 Capital adds another nordic scale-up to its portfolio with the newest investment in evoluteIQ. evoluteIQ, a Swedish B2B SaaS company, accelerates the adoption of automation in the enterprise by leveraging its e.IQ Platform, an end-to-end Enablement Platform for hyper-automation. Gartner has named hyperautomation among the top 10 strategic IT trends for 2020. 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. The system also incorporates hundreds of ready-made integrations to most of the enterprise systems used on the market.
About Round2 Capital: Round2 Capital is a fast-growing European investment firm that manages 30 million euros worth of assets. The company is a strong partner for European scale-ups that have digital and sustainable business models. Headquartered in Vienna since 2017, Round2 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. Up till now, Round2 Capital invested in 14 different companies, evoluteIQ being its latest investment. With this fourth investment in Sweden, Round2 Capital further strengthens its market position.