EvoluteIQ, an intelligent automation technology provider, has announced a $20 million equity and debt investment led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select and PH ventures. The company shared the news in a Linkedin post. 

About EvoluteIQ

  • Stockholm-based EvoluteIQ is a leader in AI-powered end-2-end automation, offering a low-code/no-code platform that combines generative AI, intelligent data processing, process automation, RPA, web/mobile application development, and built-in connectors. 

  • Founded in 2019, EvoluteIQ aims to simplify enterprise software by stating "absolute automation" as its guiding principle. The AI-driven platform enables businesses to automate tasks without advanced technical skills, improving processes, cutting costs, and growing efficiently.

  • EvoluteIQ's platform combines AI, data processing, automation, and app development, making digital transformation easier for industries like healthcare, finance, and insurance.

“We are humbled to have the continued support of our investors as we execute on our vision to drive the next wave of enterprise transformation. We remain committed to delivering disruptive, scalable solutions that streamline the automation journey for our clients,” said Sameet Gupte, Co-Founder & CEO of EvoluteIQ.

Investment details

  • The round was led by the Vienna-based venture capital firm Round2Capital and joined by Nordea Growth Fund, DCAP Select and PH ventures. 

  • Round2 Capital, a Vienna-based pan-European growth investment firm, which manages €180 million and has investments in the DACH and Nordics regions, as well as in the UK, and EU. 

  • Established in 2017, it pioneers revenue-based finance in Europe and has invested in 37 software and technology scale-ups across 9 jurisdictions. The firm has invested in digital and sustainable business models and is active in several European countries.

“EvoluteIQ has consistently proven its ability to deliver tangible value to enterprises through its robust automation platform.  We are excited to support EvoluteIQ as they continue to push boundaries in AI and automation and drive exceptional outcomes for their global customer base,” said Christian Czernich, Co-Founder & CEO at Round2 Capital.

The fresh funding will be used to support EvoluteIQ’s plan to enhance its AI automation platform and expand operations globally.