What investment strategy does SquareOne focus on?

SquareOne focuses on VC strategies in the private equity space.

How many portfolio companies does SquareOne have?

SquareOne has 26 active portfolio companies and 7 completed exits and 2 funds tracked on GP Intel.

Where is SquareOne headquartered?

SquareOne is headquartered in Berlin, Germany.

What is SquareOne's assets under management?

SquareOne manages approximately €180M in assets under management.

What sectors does SquareOne invest in?

SquareOne invests across Software, TMT, Business Services.

What are SquareOne's recent exits?

Recent realized exits by SquareOne include: Deed (2026) to Bonterra; Noscendo (2026) to Bruker; Inai (2025) to Chargebee; Detectify (2024) to Insight Partners; Wellabe (2024) to Mavie; Silexica (2021) to Xilinx; Pipedrive (2020) to Vista Equity Partners.

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SquareOne

Berlin, Germany·Founded 2010·

Venture Capital

·squareone.vc

SquareOne (formerly Paua Ventures, founded 2010 in Berlin) is an early-stage German venture capital firm investing at pre-seed and seed in B2B enterprise software, SaaS and deeptech founders across Europe. It has invested in more than 40 startups including Stripe, Pipedrive, Wandelbots and Detectify, and launched its EUR 100M third fund (SquareOne III) in December 2022.

AUM

€180M

Funds

vintages 2015–2022

Portfolio

Exits

SquareOne is a Berlin venture capital firm with €180M AUM, 26 active companies and 7 exits.

SectorsSoftware TMT Business Services

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 7 realized deals: 5 years.

Sector breakdown

33 companies

SaaS

5 · 15%

Software

4 · 12%

Deep Tech

4 · 12%

Fintech

3 · 9%

ClimateTech

2 · 6%

Cybersecurity

2 · 6%

MedTech

2 · 6%

AI/ML

2 · 6%

Geography breakdown

11 geographies

Germany

18 · 55%

Austria

3 · 9%

Estonia

2 · 6%

France

1 · 3%

Switzerland

1 · 3%

Spain

1 · 3%

Sweden

1 · 3%

Key facts

HQBerlin, Germany

Founded2010

Websitesquareone.vc

Recent exits

SquareOne sold Deed to Bonterra in 2026 after 6 years.

SquareOne sold Noscendo to Bruker in 2026 after 6 years.

SquareOne sold Inai to Chargebee in 2025 after 4 years.

SquareOne sold Detectify to Insight Partners in 2024 after 9 years.

Coverage notes

2 funds tracked, 33 portfolio companies (26 active · 7 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund SquareOne has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

SquareOne III

VC2022€100M14 assets

2022 · 4yr

€100M

–

Unrealized

14 held

Company	Entry
Anytype Software · Germany	2023
Atmio ClimateTech · Germany	2024
C1 Green Chemicals ClimateTech · Germany	2025
Edgeless Systems Cybersecurity · Germany	2021
Flinn MedTech · Austria	2024
Graph Therapeutics Biotech · Austria	2025
Hero Fintech · France	2022
PartsCloud Logistics · Germany	2025
Procuros SaaS · Germany	2022
Pyne SaaS · Germany	2022
Semron Deep Tech · Germany	2024
Ultralytics AI/ML · US	2025
Xolo Deep Tech · Germany	2021
ZuriQ Deep Tech · Switzerland	2025

Paua Ventures Fund I

VC2015€55M12 assets7 exits

2015 · 11yr

€55M

Unrealized

12 held

Company	Entry
Codasip Deep Tech · Germany	2018
Consentio FoodTech · Spain	2017
FireStart DevTools · Austria	2020
Hygraph Software · Germany	2020
Keelvar Software · Ireland	2020
Lhotse SaaS · Germany	2021
Outfunnel SaaS · Estonia	2020
Relimetrics AI/ML · Germany	2018
Retorio Software · Germany	2020
Stripe Fintech · US	2015
Tylko Consumer · Poland	2017
Wandelbots Industrials · Germany	2018

Realized

7 exits

Company	Entry	Exit	Type	Buyer	MOIC
Deed HR Tech · US	2020	2026	Trade Sale	Bonterra	–
Detectify Cybersecurity · Sweden	2015	2024	Secondary	Insight Partners	–
Inai Fintech · India	2021	2025	Trade Sale	Chargebee	–
Noscendo MedTech · Germany	2020	2026	Trade Sale	Bruker	–
Pipedrive SaaS · Estonia	2015	2020	Secondary	Vista Equity Partners	–
Silexica DevTools · Germany	2017	2021	Trade Sale	Xilinx	–
Wellabe HealthTech · Germany	2020	2024	Trade Sale	Mavie	–

Frequently asked questions

What investment strategy does SquareOne focus on?: SquareOne focuses on VC strategies in the private equity space.
How many portfolio companies does SquareOne have?: SquareOne has 26 active portfolio companies and 7 completed exits and 2 funds tracked on GP Intel.
Where is SquareOne headquartered?: SquareOne is headquartered in Berlin, Germany.
What is SquareOne's assets under management?: SquareOne manages approximately €180M in assets under management.
When was SquareOne founded?: SquareOne was founded in 2010.
What sectors does SquareOne invest in?: SquareOne invests across Software, TMT, Business Services.
What are SquareOne's recent exits?: Recent realized exits by SquareOne include: Deed (2026) to Bonterra; Noscendo (2026) to Bruker; Inai (2025) to Chargebee; Detectify (2024) to Insight Partners; Wellabe (2024) to Mavie; Silexica (2021) to Xilinx; Pipedrive (2020) to Vista Equity Partners.