Elevator Ventures
Elevator Ventures is a Vienna-based corporate venture capital firm backed by Raiffeisen Bank International that invests €1–3M Series A and B tickets in fintech and "Beyond Banking" startups across DACH and CEE, managing over €100M across two fund vehicles and 21 portfolio companies.
- Company typePrivate
- Founded2018
- HeadquartersVienna, Austria
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Elevator Ventures does
Elevator Ventures is the corporate venture capital arm of Raiffeisen Bank International (RBI), headquartered in Vienna, Austria, and operates as a dedicated fintech and "Beyond Banking" investor across DACH and Central and Eastern Europe. The firm was formally established in 2018 following the 2017 launch of RBI's Elevator Lab accelerator, and it manages more than €100 million of committed capital across two vehicles: the original Elevator Ventures Beteiligungs GmbH (€50M, vintage 2018) and the successor EV II EuVECA GmbH & Co KG (€70M, vintage 2024), both managed by the AIFM-registered EV Management GmbH.
The firm targets Series A and B companies in fintech and adjacent verticals with initial tickets of €1–3M, and has deployed over €60 million across 21 portfolio companies with seven successful exits to date (including FinCompare, kompany sold to Moody's, and Twisto sold to Zip for €89M). The technology layer consists of a Portfolio Success Pack delivered through a Founder Portal (business development introductions, capital strategy, talent visibility, media amplification, advisory board access, and the RBI Growth Financing Program for non-dilutive loans), combined with a four-stage UNPRI-aligned ESG screening process and an AIFM/EuVECA-regulated fund management structure.
Economically, Elevator Ventures generates revenue through a mix of fund management fees on committed capital and transaction-driven investment returns from portfolio exits, supplemented by fund-of-funds carried interest exposure via Fintech Growth Fund Europe and Speedinvest 4. Limited Partners are concentrated within the Raiffeisen banking group (RBI, Raiffeisen-Holding Niederösterreich-Wien, Raiffeisen-Landesbank Steiermark), and deal flow is sourced through a combination of direct inbound pitches, RBI network-bank referrals across 14 countries, the Elevator Lab accelerator pipeline, and an international VC/PE co-investor network.
Elevator Ventures firmographics
Firmographics- Name
- Elevator Ventures
- Legal name
- Elevator Ventures Beteiligungs GmbH
- Website
- https://elevator-ventures.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Elevator Ventures is a Vienna-based corporate venture capital firm backed by Raiffeisen Bank International that invests €1–3M Series A and B tickets in fintech and "Beyond Banking" startups across DACH and CEE, managing over €100M across two fund vehicles and 21 portfolio companies.
- Ownership category
- akta.pro rank
Elevator Ventures industry classification
Industry- Product category
- Venture Capital / Fintech Investment Services
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI)
- akta.pro secondary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
Keywords
Where Elevator Ventures is headquartered
LocationHeadquarters
- HQ city
- Vienna
- HQ country
- Austria
- HQ region
- Europe
Offices1 record
Markets served
Elevator Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Returns from Portfolio Exits: Primary economic engine: capital gains from equity investments in portfolio companies; 7 successful exits reported to date and ongoing value creation across 21 portfolio companies. Returns are realized on a transaction/event basis (exit-driven), not recurring.
- Fund Management (EV II EuVECA GmbH & Co KG): €70m fund vehicle backed by three Limited Partners (Raiffeisen Bank International, Raiffeisen-Holding Niederösterreich-Wien, Raiffeisen-Landesbank Steiermark), managed under an AIFM/EuVECA-regulated GP structure (EV Management GmbH), generating recurring management economics on committed capital.
- Fund-of-Funds Returns: Two fund-of-funds positions (Fintech Growth Fund Europe alongside UNIQA Ventures and Speedinvest; Speedinvest 4 seed fund) generating carried-interest-style returns from underlying fund performance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Series A & B target stage; initial ticket size €1–3m per company |
| Other | Multi-year contract | EV II EuVECA fund size: €70m (successor to €50m first-fund commitment) |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
Elevator Ventures product offering
Product offeringCore offering
Elevator Ventures is a corporate venture capital firm that invests €1–3M tickets in Series A and B technology companies in Fintech and Beyond Banking across DACH and CEE. It backs founders with capital and a Portfolio Success support platform (business development, capital strategy, talent, media amplification, RBI Growth Financing Program) and operates through the €70M EV II EuVECA fund and the original €50M Elevator Ventures Beteiligungs GmbH vehicle, managed by AIFM/EuVECA-registered EV Management GmbH.
Product overview
Elevator Ventures is a venture capital firm (not a software product company) that operates a platform-plus-modules architecture consisting of two core fund vehicles — the newer EV II EuVECA GmbH & Co KG (a €70M fund, vintage from 2024) and the earlier Elevator Ventures Beteiligungs GmbH (direct investment arm, vintage from 2019) — both managed through EV Management GmbH, registered as an AIFM and EuVECA Fund Manager. Layered on top are sub-products including the Elevator Lab accelerator program, the Portfolio Success Pack post-investment support platform, a Fintech & Beyond Banking podcast, a newsletter, and Fund of Funds investments (Fintech Growth Fund Europe and Speedinvest 4). The firm's overall offering centers on investing in Series A and B technology companies in Fintech and Beyond Banking across DACH and CEE, with initial ticket sizes of €1–3M, and supporting them through corporate network access to Raiffeisen Bank International and its network banks.
Differentiator
Problem solved
Functional benefit
Products and services
- EV II EuVECA GmbH & Co KG A €70M EuVECA-regulated venture capital fund (vintage 2024) backing Series A and B companies in Fintech and Beyond Banking across DACH and CEE with initial tickets of €1–3M. For growth-stage founders seeking banking-validated capital.
- Elevator Ventures Beteiligungs GmbH
Companies that use Elevator Ventures
Customer profileNamed customers15 records
Segments5 records
Ideal customer profiles2 records
Elevator Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Elevator Ventures partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, minor and flagship.
- Fintech Growth Fund Europe (FGFE)coreJoint fund-of-funds investment vehicle with UNIQA Ventures and Speedinvest for later-stage fintech investments. Started in 2018 and now in divestment phase. Used for trend scouting and know-how transfer within the fintech industry; FGFE holds 18 fintech companies in its underlying portfolio.
- SpeedinvestcoreCo-General Partner in the Fintech Growth Fund Europe (2018 vintage, now divesting). Elevator Ventures also committed to Speedinvest 4, Speedinvest's latest seed-stage fund for European startups launched in 2023. Speedinvest is a co-investor in multiple Elevator Ventures portfolio companies (e.g., Agro.Club, byrd, kompany).
- MoonShotX, InnovX, FintechersminorRegional startup and fintech community partnerships giving Elevator Ventures portfolio companies access to curated networks across DACH and CEE; portfolio founders receive invitations to co-hosted community events.
- Elevator Lab (RBI Accelerator)flagshipIn-house accelerator program launched in 2017 within Raiffeisen Bank International. Scouting global fintech startups and validating them for collaboration with RBI through proof-of-concepts. Successful alumni (e.g., Pisano, kompany) have subsequently received growth investments from Elevator Ventures, providing a proprietary deal pipeline.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Elevator Ventures competitors and assessment
Company assessmentEmerging players
- Anthemis: Independent VC firm focused on fintech and embedded finance investments across Europe and North America. Emerging player: not a CVC, but directly comparable on fintech investment focus, portfolio support model, and overlap with several Elevator Ventures portfolio categories.
- Speedinvest: Austrian-based early-stage VC investing across Europe, with strong fintech and fintech-adjacent thesis, and a co-investor relationship with Elevator Ventures. Emerging player: not a CVC, but closely comparable on geography, stage focus, and active co-investment overlap.
Direct peers
- CommerzVentures: German bank-backed CVC (subsidiary of Commerzbank) investing in early- and growth-stage fintech and insurtech across Europe. Direct peer: comparable bank-CVC model, similar ticket sizes, European geographic focus, and shared thesis of leveraging parent-bank distribution for portfolio validation.
- BBVA Spark: Innovation and investment arm of BBVA focused on fintech and digital financial services globally. Direct peer: large bank-backed fintech investor with CVC structure, comparable post-investment support platform, and similar thesis of banking-industry transformation.
- UNIQA Ventures: CVC of Austrian insurance group UNIQA, co-investor with Elevator Ventures in the Fintech Growth Fund Europe and in multiple portfolio companies. Direct peer: Austria-headquartered financial-services CVC, active co-investor, and comparable DACH/CEE fintech focus.
- Santander Ventures: CVC of Banco Santander focused on fintech and emerging financial technologies with global reach. Direct peer: bank-CVC structure, similar AUM scale in the low-to-mid hundreds of millions, and direct overlap in European fintech investment thesis.
- Intesa Sanpaolo Innovation Center: Innovation and venture arm of Intesa Sanpaolo Group, the largest Italian banking group. Direct peer: large European bank CVC with strong focus on Italian and broader European fintech startups, comparable model of leveraging bank infrastructure for portfolio support.
- ING Ventures: CVC arm of ING Bank investing in fintech and adjacent technologies with a focus on Europe. Direct peer: bank-backed investment model, comparable regulatory familiarity, and similar use of parent-bank network for portfolio validation and distribution.
- UniCredit Ventures: CVC arm of UniCredit, one of the largest European banking groups, investing in fintech and digital services. Direct peer: major European bank CVC with CEE presence, comparable regulatory and banking-distribution moat, and overlapping investment thesis in payments and embedded finance.
Broad incumbents
- BNP Paribas Venture Capital: BNP Paribas' strategic venture and innovation activities spanning fintech, climate, and deep tech. Broad incumbent: a much larger incumbent with a broader mandate than Elevator Ventures, but overlapping on European fintech investment themes and use of parent-bank distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Elevator Ventures social profiles
Digital presenceElevator Ventures compliance and trust
Trust signalCompliance3 records
Elevator Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elevator Ventures leadership team
Management profileNumber of profiles
Profiles12 records
Elevator Ventures subsidiaries and ownership
Company hierarchySubsidiaries2 records
Elevator Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elevator Ventures M&A and investment
M&A and investmentM&A
Investments27 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elevator Ventures
What does Elevator Ventures do?
Elevator Ventures is a corporate venture capital firm that invests €1–3M tickets in Series A and B technology companies in Fintech and Beyond Banking across DACH and CEE. It backs founders with capital and a Portfolio Success support platform (business development, capital strategy, talent, media amplification, RBI Growth Financing Program) and operates through the €70M EV II EuVECA fund and the original €50M Elevator Ventures Beteiligungs GmbH vehicle, managed by AIFM/EuVECA-registered EV Management GmbH.
Is Elevator Ventures a public or private company?
Elevator Ventures is a private company. It is classified as corporate owned and is currently operating.
When was Elevator Ventures founded?
Elevator Ventures was founded in 2018. It employs 1 to 10 people.
Where is Elevator Ventures based?
Elevator Ventures is headquartered in Vienna, Austria, in the Europe region.
How does Elevator Ventures make money?
Three revenue lines are on record. Investment Returns from Portfolio Exits are the primary driver. The others are fund Management (EV II EuVECA GmbH & Co KG) and fund-of-Funds Returns.
Who are Elevator Ventures's main competitors?
Emerging players on record are Anthemis and Speedinvest. Direct peers are CommerzVentures, BBVA Spark, UNIQA Ventures, Santander Ventures, Intesa Sanpaolo Innovation Center, ING Ventures and UniCredit Ventures. BNP Paribas Venture Capital is listed as a broad incumbent.
Does Elevator Ventures have an API?
No public API is recorded for Elevator Ventures.
What industry is Elevator Ventures in?
Elevator Ventures's product category is Venture Capital / Fintech Investment Services. Its primary akta.pro industry code is FSANAHAI, Corporate Innovation & Technology Scouting Units (with investment mandate), with a secondary code of FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 525 and its SIC code is 6282.