This month, Roundtable crossed €1B in commitments. It is the kind of round number that invites a quick celebration and an even quicker scroll past, so it is worth slowing down on what it actually represents. The first €500M committed through the platform took roughly three years, from our launch in 2022 to the end of 2025. The second €500M took five months. Same platform, same legal rails, an entirely different pace.
The billion is the figure that makes the headline, but the gap between those two periods is the part that explains what changed. When the second half of a journey takes a fraction of the time the first half did, it usually means something underneath has shifted, both in how quickly a deal can be set up and in how many people are willing to run one. That is what the slope shows, and it says more about the market than any single deal could.
What changed
When we started in 2022, structuring a syndicate or a fund in Europe was a slow, manual process. It meant lawyers drafting bespoke documents, founders tracking commitments in spreadsheets, and someone spending weeks chasing signatures while half the investors were on holiday. Most people accepted this as the cost of doing private market deals, largely because there was no real alternative.
What changed is not the appetite for private markets, which has been there for years. What changed is that doing these deals properly stopped requiring a Google Doc and a great deal of patience. An SPV now comes together in about a week, and a fund in a matter of days, where the same work used to take a month or more. None of that is magic. It is infrastructure handling, automatically and at scale, the work that people used to do by hand.
What a billion is actually made of
It is easy to read a figure like a billion euros as an abstraction. In practice it is the sum of thousands of separate decisions, each one a person choosing to back a company through a structure that stayed out of their way. Behind the number is a founder who closed an angel round without turning a clean cap table into a forty-line spreadsheet. It is a syndicate lead who pooled dozens of co-investors into a single vehicle and had it signed in days rather than months. And it is a fund manager who launched in Europe without losing a year to legal and regulatory setup.
None of these are edge cases. They are the median Roundtable deal: a founder raising from angels they already know, a lead structuring a circle of co-investors, or a first-time fund manager who would rather spend time investing than administrating. Stack enough of them together, repeated thousands of times, and you arrive at a billion. That is what a milestone like this is really made of, which is friction removed, over and over, for a large number of people.
We did not raise this money. We built the rails it runs on.
It matters to us that this is a billion in commitments, rather than capital we raised or hold. Every euro of it was committed by a syndicate lead, a fund manager, or an angel backing a company they believed in. We did not put that money to work; we built the rails it runs on, and the billion is a measure of how much friction we have taken out of that path.
In practice, the rails are the parts of an investment that nobody enjoys handling. There are the Luxembourg and French legal structures, the bank accounts and the movement of funds across more than forty currencies, and the KYC checks, reporting, and signatures that normally need three reminders each. Roundtable automates the work that used to take a month, so that a deal worth doing does not stall somewhere in the paperwork.
We are still early
For all of that, this is an early milestone rather than a finish line. Today only around 2% of European financial wealth sits in private markets, and the barriers that kept it there were never really about demand. They were about sourcing deals, judging them, and having the infrastructure to move money properly across borders. Most private market transactions on the continent still run on PDFs and patience. As that share grows over the coming decade, the capital that moves will need somewhere reliable to run, and building that reliable place is the work we have set ourselves.
Where Roundtable stands today:
- €1B+ in commitments
- 600+ investment communities
- 30,000+ investors across 100+ nationalities
- 1,000+ deals onboarded
- 15+ funds onboarded
What comes next
The next step is to make this infrastructure not just fast, but intelligent. We are building toward an investment experience where the operational weight of a deal, the tracking, the structuring, and the reporting, runs quietly in the background, so that leads and investors can spend their attention on the only question that really matters, which is the company they are backing. The back office has already moved from spreadsheets to software over the past decade, and the next move is from software to agents that can carry the busywork from start to finish.
Five months ago, this post would have ended at €500M. Looking at the slope, we do not expect it to slow from here.
To everyone who has structured a deal on Roundtable, this milestone belongs to you as much as to us, and we are grateful for the trust. If you are raising, syndicating, or launching a fund in Europe, you can build on the same rails. Book a call with our team to see how it works.
Roundtable was also just ranked #4 in the Sifted 100: France & Benelux, the highest-placed fintech on the list. Read more here.
