Elevator Ventures

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.

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

11–50 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

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 industry

PRIMARYFSANAHAI

Corporate Innovation & Technology Scouting Units (with investment mandate)

Financial & Insurance/Private Equity & Venture Capital/Corporate Venture Capital (CVC)

SECONDARYFSANAAAM

Accelerators & Incubators (Investor-Operated)

Financial & Insurance/Private Equity & Venture Capital/Venture Capital Firms

Keywords

• Venture capital funding
• Fintech investments
• Growth equity capital
• Series A investments
• Corporate venture capital

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core 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

Named customers15 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core, minor and flagship.

• Fintech Growth Fund Europe (FGFE)coreStrategic or Co-development PartnerJoint 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.
• SpeedinvestcoreStrategic or Co-development PartnerCo-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, FintechersminorGTM or Marketing PartnerRegional 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)flagshipStrategic or Co-development PartnerIn-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

Emerging 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

• LinkedInlinkedin.com/company/elevatorventures
• Xx.com/ElevatorVenture

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments27 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elevator Ventures