EvoluteIQ, a Stockholm and London-based AI-powered intelligent business automation platform, has raised $20 million in equity and debt funding.
Investors
The funding round was led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select, and PH Ventures.
Round2 Capital is a pan-European growth investment firm managing €180 million. Since its inception in 2017, it has specialized in revenue-based finance and growth equity investments, supporting digital and sustainable business models across Europe, including the DACH region, Nordics, and the UK. Round2 Capital has invested in 37 software and tech scale-ups across nine European countries.
EvoluteIQ Use of Funds
The funds will be utilized to enhance EvoluteIQ's AI automation platform and support global expansion.
About EvoluteIQ
Founded in 2019, EvoluteIQ offers an AI-driven platform for end-to-end automation, designed to help businesses improve processes, cut costs, and grow efficiently. The company’s low-code/no-code platform integrates tools such as AI, data processing, automation, and app development to simplify digital transformation for organizations in sectors like healthcare, finance, and insurance. Its platform, EIQ, is widely adopted by large companies worldwide, including many Fortune 500 organizations.
Funding Details
Company: EvoluteIQ AB
Raised: $20.0M
Round: Unknown
Funding Date: October 2024
Lead Investor: Round2 Capital
Additional Investors: Nordea Growth Fund, DCAP Select, PH Ventures
Company Website: https://evoluteiq.com/
Software Category: Business Automation
Source: https://siliconcanals.com/evoluteiq-raises-e18-5m-in-funding/