Round2 Capital provides a 7-figure financing to DealCircle
Hamburg-based startup DealCircle has received a 7-figure revenue-based financing by Round2 Capital, an investment firm with offices in London and Vienna. The funding will enable further growth of the business and investments in additional tech enhancements through AI for an M&A software.
Deal Circle digitizes M&A projects
DealCircle offers a Mergers & Acquisitions deal match-making solution for M&A advisors for the buyer-identification process and for the market approach. The company simplifies the process of finding suitable buyers by using intelligent search algorithms for the final selection of the most suitable buyers, enabling M&A advisors to get instant access to the company’s investor database. DealCircle has placed around 1,200 M&A projects in 2023 and will market more than 1,500 projects this year.
The funding from Round2 is intended to further accelerate the company’s growth and to facilitate investments into the company’s tech stack and in-house AI tools for product enhancements and increased value creation, starting with an automated, AI-generated buyer shortlist Therefore DealCircle aims to expand its tech team with additional Machine Learning Engineers and Data Scientists. The revenue-based finance investment and its flexible refinancing profile align well with the company’s success-based business model. The two founders Kai Hesselmann and Graig Gröbli, who built up the company without external equity investors, thus retain full control over DealCircle.
