# Paragon Partners: portfolio, investments and team

> Paragon Partners is a private equity based in Germany. 9 investments on record, latest Apr 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/paragon-partners (Millionrounds; every figure on the page links to its filing or article)

Germany · [Investor](https://millionrounds.com/investors)

# Paragon Partners

Last cheque observed Apr 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Private equity Quiet Last fund $190M, May 2023

Growth Buyout Mittelständische Unternehmen Industrial Automation E-commerce

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 9 on record

Since the last cheque **2774** days **00** hrs **00** min **00** sec

Median round **$1.0M** Rounds led **1 of 9** Sole investor **8 rounds** Exits **8 from the portfolio**

Pitch Paragon Partners

## Paragon Partners highlights

- 01 9 rounds on record
- 02 Mostly Growth and Series A: 100% of its rounds
- 03 Sole investor in 8 rounds, median undisclosed
- 04 8 exits from the portfolio

## What they do

> Paragon ist eine inhabergeführte Beteiligungsgesellschaft. Wir investieren in etablierte mittelständische Unternehmen. From their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Stages:** Growth Buyout
- **Sectors:** Mittelständische Unternehmen Industrial Automation E-commerce
- **Based in:** Munich, Germany
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **9 appearances**

- **2019** 1 round
- **Apr** **[Teamonk](https://millionrounds.com/company/teamonk)** Series A · IN · Entrackr **$1.0M** *Led*
- **2015** 1 round
- **Mar** **[Anti-Germ & Medentech](https://millionrounds.com/company/anti-germ-and-medentech)** Growth **Undisclosed** Sole investor
- **2014** 2 rounds
- **May** **[Lutz Convenience Food](https://millionrounds.com/company/lutz-convenience-food)** Growth **Undisclosed** Sole investor
- **Apr** **[dtms](https://millionrounds.com/company/dtms)** Growth **Undisclosed** Sole investor
- **2013** 2 rounds
- **Jun** **[KADI](https://millionrounds.com/company/kadi)** Growth **Undisclosed** Sole investor
- **Jan** **[Wer Liefert Was](https://millionrounds.com/company/wer-liefert-was)** Growth · DE **Undisclosed** Sole investor
- **2012** 1 round
- **Mar** **[POLO Motorrad](https://millionrounds.com/company/polo-motorrad)** Growth **Undisclosed** Sole investor
- **2011** 1 round
- **Jun** **[Europart](https://millionrounds.com/company/europart)** Growth **Undisclosed** Sole investor
- **2010** 1 round
- **Nov** **[AWG](https://millionrounds.com/company/awg)** Growth **Undisclosed** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **14 named**

CB **Christian Bettinger** Limited Partner i Form ADV

CE **Christine Eagles** Liminted Partner i Form ADV

CW **Christine Woerner** Managing Director of the GP i Filing they signed

DH **Daniel Helmut Wolf Richard Kuhagen** Limited Partner i Form ADV

DE **Dr. Edin Hadzic** Managing Director of the GP i Filing they signed

DK **Dr. Krischan von Moeller** Managing Director of the GP i Filing they signed

EH **Edin Hadzic** Limited Partner i Form ADV

JE **James Edward Geoffery Williams** Director i Filing they signed

KV **Krischan Von Moeller** Limited Partner i Form ADV

MA **Marco Attolini** Limited Partner i Form ADV

MR **Max-Albrecht Richard Ulrich Moser Von Filseck** Limited Partner i Form ADV

SK **Santosh Kumar Gujadhur** Director i Filing they signed

SN **Shaheen Noorie Manjoo** Director i Filing they signed

ZM **Zayd Muhammad Soopun** Director i Filing they signed

We also hold **33** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.1B** gross assets of its funds, 3 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** THE PARAGON PARTNERS FUND III GMBH &amp; CO. KG
- **SEC number:** CRD 304934

Who backs their funds

## 1 LP on record in Paragon Partners's funds

- **Committed:** $4.0M
- **Funds:** 1
- **Vintages:** 1984

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026.

- [**Washington State Investment Board** 1 fund *$4.0M*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed Paragon Partners 1984 $4.0M

## What they claim to have backed

From their own portfolio page (on their website)

**1** of 2 we have independently watched raise

[Xing](https://millionrounds.com/company/xing) AGB

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **8 in all**

**[Anti-Germ & Medentech](https://millionrounds.com/company/anti-germ-and-medentech)** Bought by [Paragon Partners](https://millionrounds.com/fund/paragon-partners) **Undisclosed** Mar 2015

**[Lutz Convenience Food](https://millionrounds.com/company/lutz-convenience-food)** Bought by [Paragon Partners](https://millionrounds.com/fund/paragon-partners) **Undisclosed** May 2014

**[dtms](https://millionrounds.com/company/dtms)** Bought by [Paragon Partners](https://millionrounds.com/fund/paragon-partners) **Undisclosed** Apr 2014

**[KADI](https://millionrounds.com/company/kadi)** Bought by [Paragon Partners](https://millionrounds.com/fund/paragon-partners) **Undisclosed** Jun 2013

**[Wer Liefert Was](https://millionrounds.com/company/wer-liefert-was)** Bought by [Paragon Partners](https://millionrounds.com/fund/paragon-partners) **Undisclosed** Jan 2013

**[POLO Motorrad](https://millionrounds.com/company/polo-motorrad)** Bought by [Paragon Partners](https://millionrounds.com/fund/paragon-partners) **Undisclosed** Mar 2012

**[Europart](https://millionrounds.com/company/europart)** Bought by [Paragon Partners](https://millionrounds.com/fund/paragon-partners) **Undisclosed** Jun 2011

**[AWG](https://millionrounds.com/company/awg)** Bought by [Paragon Partners](https://millionrounds.com/fund/paragon-partners) **Undisclosed** Nov 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**[Anti-Germ & Medentech](https://millionrounds.com/company/anti-germ-and-medentech)** **Undisclosed** Mar 2015

**[Lutz Convenience Food](https://millionrounds.com/company/lutz-convenience-food)** **Undisclosed** May 2014

**[dtms](https://millionrounds.com/company/dtms)** **Undisclosed** Apr 2014

**[KADI](https://millionrounds.com/company/kadi)** **Undisclosed** Jun 2013

**[Wer Liefert Was](https://millionrounds.com/company/wer-liefert-was)** **Undisclosed** Jan 2013

**[POLO Motorrad](https://millionrounds.com/company/polo-motorrad)** **Undisclosed** Mar 2012

**[Europart](https://millionrounds.com/company/europart)** **Undisclosed** Jun 2011

**elero** **Undisclosed** Jan 2011

**EOS** **Undisclosed** Jan 2011

**[AWG](https://millionrounds.com/company/awg)** **Undisclosed** Nov 2010

**Metallwarenfabrik Gemmingen** **Undisclosed** Jan 2008

**ABL-TECHNIC** **Undisclosed** Jan 2007

Latest fund on file

**$190M**

raised in May 2023

From its SEC filing. Nothing newer is on file yet.

## The cheque

Growth Buyout

Median round joined **$1.0M** the round, not its cheque Alone, median **-**

Led 1 of 9 rounds **11%**

- **Sole investor:** 8 rounds
- **Last cheque:** Apr 2019
- **Exits:** 8 from the portfolio

Rounds by stage said on their site

- Growth said *8*
- Series A *1*
- Buyout said *-*

Cheques by year Led Joined

2010 2019

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## Recently backed

The latest companies Paragon Partners put money into.

[**Teamonk** $1.0M · Apr 2019](https://millionrounds.com/company/teamonk)

## Quick answers about Paragon Partners

### What does Paragon Partners invest in?

Paragon Partners invests most often at Growth and Series A (100% of the rounds on record), in sectors such as Mittelständische Unternehmen, Industrial Automation and E-commerce.

### How active is Paragon Partners?

9 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Apr 2019.

### What has Paragon Partners invested in recently?

Its most recent investments on record: Teamonk (Series A, Apr 2019).

### How big are Paragon Partners's cheques?

The median round it joins is $1.0M.

### Does Paragon Partners lead rounds?

Sometimes: it led 1 of its 9 investments on record (11%).

### Is Paragon Partners investing now?

No investments in the last 12 months; the latest was in Apr 2019.

### What kind of investor is Paragon Partners?

Paragon Partners is a private equity firm based in Munich, Germany.

### How much does Paragon Partners manage?

About $2.1B, as gross assets of its private funds, 3 advisers added together (Oct 2026).

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