EvoluteIQ, a leader in AI-powered business automation, has successfully secured just over SEK 200 million (approximately $20 million) in a funding round led by Round2 Capital, with participation from our own Dcap Select fund, Nordea Startup & Growth, and PH Ventures. This significant investment, combining equity and debt, will fuel EvoluteIQ's global expansion and enhance its innovative AI automation platform.

Founded in 2019, with the vision of transforming enterprise processes through intelligent automation, EvoluteIQ has seen impressive growth across key industries such as Healthcare, Banking, Financial Services, and Insurance. The company's EIQ platform has gained rapid adoption among Fortune 500 organizations globally, reflecting its strong and consistent organic growth in Annual Recurring Revenue (ARR) over recent years.

Christian Czernich, Co-Founder and CEO of Round2Capital, commented: "EvoluteIQ has consistently proven its ability to deliver tangible value to businesses through its robust automation platform. We are excited to support EvoluteIQ as they continue to push the boundaries of AI and automation and deliver exceptional results for their global customer base."

Sameet Gupte, Co-Founder & CEO of EvoluteIQ, remarked on the continued support from investors: "We are humbled to have the backing of our investors as we execute our vision for driving the next wave of enterprise transformation. Our commitment remains focused on delivering disruptive, scalable solutions that streamline the automation journey for our clients."

As a pioneer in end-to-end automation, EvoluteIQ offers companies a unique, comprehensive solution designed to increase productivity, reduce operational complexity, and accelerate digital transformation through the foundational integration of AI.

Hriday Ravindranath, Chief Digital & Information Officer at Orange Business, comments: "The AI revolution is ushering in an unprecedented scale of change across industries worldwide. To effectively navigate this transformative landscape, enterprises must select AI-driven technologies capable of delivering authentic, impactful business transformation within accelerated timelines." Ravindranath added, "Over the years, I have observed EvoluteIQ's unwavering commitment to its vision of simplifying and automating intricate end-to-end processes to achieve precisely these outcomes."

As a co-investor through Dcap Select, Dahlgren Capital recognizes EvoluteIQ's potential to revolutionize enterprise automation. The company's low-code/no-code platform, which integrates generative AI, intelligent data processing, and various automation technologies, aligns well with our investment focus on innovative AI solutions.

This investment marks a significant milestone for EvoluteIQ, reinforcing our commitment to supporting groundbreaking AI solutions. With this funding, EvoluteIQ is well-positioned to expand its presence in the automation industry and capitalize on the growing demand for intelligent business solutions across various sectors.