Hamburg-based DealCircle has marked a pivotal moment in its growth journey with a substantial infusion of capital from Round2 Capital, positioning itself to enhance its pioneering role in technology-driven mergers and acquisitions solutions.
Founded in 2018 by entrepreneurs Kai Hesselmann and Graig Gröbli, DealCircle has navigated the competitive landscape of M&A advisory with a distinctive approach. The company, which has been self-funded until now, remains under the steadfast leadership of its founders while welcoming non-dilutive growth capital from Round2.
Gerd Sumah, Partner at Round2, praised DealCircle’s resilience and strategic acumen in a challenging market environment, highlighting their exceptional leadership in steering the company to sustained success.
“DealCircle has shown remarkable performance despite very challenging market conditions over the past 1.5 years,” Sumah remarked. “Graig and Kai have demonstrated exceptional entrepreneurial thinking and have successfully steered the company with effectiveness throughout their bootstrapped journey.”
Round2 Capital’s investment, characterized by revenue-based finance and flexible refinancing options, aligns seamlessly with DealCircle’s success-based business model. This strategic partnership aims to propel DealCircle into its next phase of growth, leveraging advanced technologies and AI-driven tools to revolutionize the M&A landscape.
DealCircle’s proprietary M&A matchmaking platform simplifies the complexities of buyer identification and market approach for M&A advisors, utilizing sophisticated data analytics and intelligent algorithms to optimize results. With over 1,200 M&A projects facilitated to date, DealCircle is poised to expand its market reach and aims to surpass 1,500 projects by the end of this year.
The funding from Round2 will be pivotal in accelerating DealCircle’s technological advancements, particularly in enhancing its AI capabilities for automated buyer shortlisting and expanding its team of Machine Learning Engineers and Data Scientists.
According to Kai Hesselmann, Co-founder and Managing Director of DealCircle, “Round2’s investment marks a significant milestone not only in fueling our operational growth but also in advancing our technological prowess. AI is set to transform our industry, and our focus is on harnessing its potential to accelerate our trajectory.”
Round2 Capital, a pan-European growth investment firm with a strong commitment to digital and sustainable business models, underscores its support for DealCircle’s innovative approach. With €180M under management and backing from the European Investment Fund (EIF), Round2 has established itself as a key player in fostering technology excellence across Europe.
Since its inception in 2017, Round2 has invested in 36 software and technology scale-ups across nine countries, contributing to the evolution of Europe’s digital landscape. The firm’s partnership with DealCircle signifies a shared vision for pioneering advancements in M&A technology, bolstered by strategic financing and collaborative growth initiatives.
As DealCircle embarks on this transformative journey with Round2 Capital, the stage is set for continued innovation and leadership in revolutionizing M&A solutions through cutting-edge technology and entrepreneurial spirit.
