
Christian Buchenau
Partner
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- Full Name
- Christian Buchenau
- Title
- Co-Founder, Managing Director & Partner
- Firm
- SquareOne Venture Capital (formerly Paua Ventures)
- Firm Type
- Early-stage venture capital firm (also active as an angel/first-institutional investor)
- Investment Stage
- Pre-seed and Seed
- Check Size
- ~€350,000 to €3.5 million
- Target Company Profile
- B2B technology startups where SquareOne is typically the first institutional investor on the cap table; technical founding teams solving complex problems in large markets
- Sector Focus
- B2B software / enterprise SaaS, deep tech, AI and data-driven solutions, plus areas such as climate tech, open source, and supply chain/procurement
- Geographic Focus
- Europe
- Location
- Berlin, Germany
Background
Christian Buchenau is a co-founder and partner of SquareOne Venture Capital, the Berlin-based early-stage firm that was originally founded as Paua Ventures in 2010 and rebranded to SquareOne in 2022. The stub data and many third-party databases still list him under the Paua Ventures name (and his firm email remains [hidden]), but the operating entity today is SquareOne. As a member of the founding team, he is described as mainly responsible for structuring funding rounds and leading exit discussions, and he sits on the boards of several portfolio companies.
He studied Business Administration in Vienna, Cologne, and Barcelona, completing a Master's in finance at EADA Business School in Barcelona. Before moving into venture capital, he worked in mergers & acquisitions at Deutsche Bank, holding positions in both Frankfurt and Vienna — a background that aligns with his current focus on financing rounds and exits.
Beyond investing, Buchenau has been active in the European startup ecosystem as a mentor for accelerator programs including Microsoft Accelerator and Techstars, and he has lectured on entrepreneurship and venture financing (reported affiliations include LMU Munich). At SquareOne he works alongside fellow partners and co-founders such as Christophe Defforey and Georg Stockinger, with the firm positioning itself as a hands-on, first-institutional backer for B2B and deep-tech companies.
Investment Thesis & Focus
- Invests at pre-seed and seed, frequently as the first institutional investor on the cap table, with checks of roughly €350K–€3.5M.
- Focuses on B2B software, enterprise SaaS, and deep tech, increasingly with an AI and data emphasis, backing companies "building technology to solve complex problems in huge markets."
- Looks for strong founding teams — Buchenau noted around the 2022 fund launch: *"We've never had so many high-quality founding teams in our deal flow before."*
- On the firm's identity and strategy, he framed the SquareOne rebrand as: *"We decided to rebrand to concretely reflect what we have been doing for 13 years in one brand, namely early-stage investments."*
- Differentiates via a "first-customers-guarantee" — actively helping portfolio companies land early enterprise customers — and positions the firm as an entrepreneurial sparring partner and hands-on supporter from day one.
- Personally oriented toward the finance side of deals: structuring rounds, board work, and leading exit discussions.
Notable Investments
- Stripe — global payments infrastructure company; an early Paua Ventures portfolio name.
- Pipedrive — sales CRM SaaS; a widely cited Paua/SquareOne success story.
- Detectify — Swedish web application security / external attack surface management company.
- Keelvar — sourcing optimization and procurement automation software.
- Wandelbots — robotics / no-code industrial robot programming company.
- Carbon One — climate / deep-tech company in the SquareOne portfolio.
- Tylko — direct-to-consumer customizable furniture company.
- Lhotse — procurement / supply-chain software startup.
- Retorio — AI-based behavioral assessment and coaching platform.
- PartsCloud — spare-parts logistics / supply-chain software.
- Outfunnel — revenue-focused marketing automation tool.
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