Venture Debt · CEE & DACH
Developing a venture debt platform focused on technology companies in the DACH region and Central & Eastern Europe.
Typical Venture Debt Terms
Venture Debt Investment Focus
Technology companies and technology-enabled business models
Strong ownership, scalable business model and clear growth trajectory
DACH region and Central & Eastern Europe
Typical transaction range of €2m–€10m
Investment Platform
Danube Flow is currently developing an investment platform focused on venture debt investments in technology companies with strong ownership and growth profiles.
The platform is intended to focus on structured financing solutions that complement equity financing and support companies during key growth phases. Venture debt can provide non-dilutive capital that helps extend runway, finance expansion initiatives and support strategic investments.
The investment approach combines credit discipline, structured downside protection and an understanding of venture-backed business models.
Danube Flow focuses on the European innovation corridor spanning Central and Eastern Europe, complemented by Germany, Austria and Switzerland.
Typical transaction sizes are expected to range between €2m and €10m, depending on company stage, capital structure and financing objectives.
The investment approach is based on disciplined underwriting, thoughtful transaction structuring and regional ecosystem access. This includes detailed analysis of financial performance, capital structure, downside protection and the resilience of the underlying business model.
Growth Financing
Venture debt can support growth without diluting ownership — complementing equity funding as part of a broader growth financing strategy.
For many companies, venture debt can help extend runway, support expansion initiatives and finance selected operating or strategic investments. Structures typically depend on company maturity, business model, cash flow profile and intended use of proceeds.
Unlike equity financing, venture debt does not require a valuation negotiation and does not dilute existing shareholders. It is typically structured as a term loan with warrants or success fees, and repaid from future cash flows.
Extending runway between equity rounds without triggering a new valuation
Supporting growth initiatives, market expansion and new product development
Financing working capital or operational investments to support business scale-up
Supporting acquisitions or bridging to a defined liquidity event
Danube Flow focuses on technology-driven companies with strong ownership structures, scalable business models and clearly defined growth strategies. Companies do not need to be profitable, but should have a credible path to sustainable growth and the ability to service debt obligations.
People
Founding Partner
Peter is Founding Partner of Danube Flow. Prior to founding Danube Flow, he spent nine years in the Raiffeisen Banking Group, latterly at Raiffeisen Bank International (Vienna) as Telecom Industry Lead and Prokurist, where he co-created the "Growth Basket" programme — a €250m non-dilutive growth financing platform for technology and scale-up companies, which led to around 20 financings. His work spanned origination, credit underwriting and portfolio management across the DACH and CEE region. Most recently, Peter was Vice President and Relationship Manager at Citi (Frankfurt), serving telecoms, media and technology companies in Germany and Austria. Peter is a CFA charterholder.
Founding Partner
Christopher is Founding Partner of Danube Flow. Prior to founding Danube Flow, he trained and worked as a lawyer at Clifford Chance (London and Frankfurt) and Wolf Theiss (Vienna), then moved to Raiffeisen Bank International (Vienna) where he stayed for 12 years until 2026. In his time at Raiffeisen Bank International, Christopher advised on a broad range of structured financing transactions, handled special situations and sat on the bank's credit and problem loan committees. Christopher studied at the University of Vienna and University College Dublin and qualified as a lawyer in England and Austria.
Get in Touch
Currently in development — reaching out to founders, co-investors and advisers active in the DACH and CEE technology ecosystem.
DFF Advisors GmbH
Würschendorf 15/2
4203 Altenberg bei Linz
Austria
Email: info@danubeflow.fund
Commercial Court Linz
Commercial Register Number: FN 678174 s
Corporate Seat in: Altenberg bei Linz
VAT-Number: pending
Peter Richl, CFA
Mag. David-Christopher Nahler
Trade regulation under the Austrian Gewerbeordnung (GewO)
Available at: https://www.ris.bka.gv.at
Bezirkshauptmannschaft Urfahr-Umgebung
Peuerbachstraße 26
4041 Linz
Austria
Business consulting, including business organisation (Unternehmensberatung einschließlich Unternehmensorganisation)
This website provides information about the Danube Flow project and general topics related to venture debt, technology investments and the European startup ecosystem.
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DFF Advisors GmbH
Würschendorf 15/2
4203 Altenberg bei Linz
Austria
Email: info@danubeflow.fund
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Danube Flow is an investment platform currently in development. The information provided on this website is for general informational purposes only and does not constitute an offer, solicitation, recommendation or investment advice in relation to any securities, financial instruments or investment opportunities. No regulated financial services are offered through this website.
