# EvoluteIQ funding: rounds and investors

> EvoluteIQ has raised $73M across 2 rounds since 2024. Investors include Baird Capital, Round2 Capital Partners and DCAP Select. Every round with its source.

Source: https://millionrounds.com/company/evoluteiq (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Growth startup](https://millionrounds.com/companies)

# Who invested in *EvoluteIQ*

2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Enterprise Software Robotics

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Funding summary Updated 5 Nov 2026

**$73M** raised across 2 rounds since 2024, from 2 sources

**$20M** Round **$53M** Growth

- **Latest round:** Growth, $53M Sept 2025
- **Led by:** Baird Capital
- **Step-up i:** 2.6×
- **Investors:** 5 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025

**$20M** Round

**$53M** Growth

- **First round:** Round, $20M
- **Biggest round:** $53M
- **Between rounds:** 11 months

## The rounds

- **Sept 2025** Growth **$53M** *1 new* [Baird Capital](https://millionrounds.com/fund/baird-capital) Lead Reported by Silicon Canals
- **Oct 2024** Round **$20M** *4 new* [Round2 Capital Partners](https://millionrounds.com/fund/round2-capital) Lead [DCAP Select](https://millionrounds.com/fund/dcap-select) [Nordea Growth Fund](https://millionrounds.com/fund/nordea-growth-fund) [PH ventures](https://millionrounds.com/fund/ph-ventures) Reported by Silicon Canals

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2024 **Growth** 2025 [Baird Capital](https://millionrounds.com/fund/baird-capital) L [Round2 Capital Partners](https://millionrounds.com/fund/round2-capital) L [DCAP Select](https://millionrounds.com/fund/dcap-select) [Nordea Growth Fund](https://millionrounds.com/fund/nordea-growth-fund) [PH ventures](https://millionrounds.com/fund/ph-ventures)

## Everyone who backed them

[Baird Capital](https://millionrounds.com/fund/baird-capital) Wealth manager **1** round, led 1

[Round2 Capital Partners](https://millionrounds.com/fund/round2-capital) VC firm **1** round, led 1

[DCAP Select](https://millionrounds.com/fund/dcap-select) Investment firm **1** round

[Nordea Growth Fund](https://millionrounds.com/fund/nordea-growth-fund) Investment firm **1** round

[PH ventures](https://millionrounds.com/fund/ph-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=evoluteiq).

## Quick answers about EvoluteIQ

### Who invested in EvoluteIQ?

EvoluteIQ's investors include Baird Capital, Round2 Capital Partners, DCAP Select, Nordea Growth Fund and PH ventures. Baird Capital led its latest round.

### How much has EvoluteIQ raised?

EvoluteIQ has raised $73M across 2 rounds since 2024.

### When did EvoluteIQ last raise?

EvoluteIQ's most recent round was a Growth of $53M in Sept 2025, led by Baird Capital.

### What was EvoluteIQ's biggest round?

Its most recent round, $53M in Sept 2025, is also its largest on record.

### Who backed EvoluteIQ first?

EvoluteIQ's first round on record, in Oct 2024, was backed by Round2 Capital Partners, DCAP Select and Nordea Growth Fund and 1 others.

### What stage is EvoluteIQ at?

EvoluteIQ's latest named round is a Growth, in Sept 2025.

### Where is EvoluteIQ based?

EvoluteIQ is based in Sweden.

### Who led EvoluteIQ's rounds?

Round2 Capital Partners led the Undisclosed round in 2024; Baird Capital led the Growth in 2025.

## Companies like EvoluteIQ

In the same sector, and raised in the last eighteen months.

[**Tandem Health** $150M · Nov 2026](https://millionrounds.com/company/tandem-health)[**Sortrace** $800K · Nov 2026](https://millionrounds.com/company/sortrace)[**Emfas** Oct 2026](https://millionrounds.com/company/emfas)[**Holyvolt** $45M · Oct 2026](https://millionrounds.com/company/holyvolt)[**Legora** $1.3B · Oct 2026](https://millionrounds.com/company/legora)[**MAIA Universe** $1.1M · Oct 2026](https://millionrounds.com/company/maia-universe)

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