Vienna | Austria
| Investor Type | Firm |
| Type of Fund | Corporate VC |
| Industries | IT (& TMT) • FinTech (& Financials services) |
| Stages | Expansion, Later Stage, Seed, Series A |
| Investing | Russia • Austria • Europe • Hungary • Poland • Turkey • Lithuania • Ukraine • Czech Republic • Bulgaria • Romania • Slovakia • Slovenia |
| Investment Range | €500,000 - €2,000,000 |
| Assets Under Management | €25,000,000 |
About The Fund
Elevator Ventures is a corporate venture capital firm specializing in equity investments and focusing on technology companies within the IT, TMT, and FinTech sectors, including financial services. The firm primarily operates in Central and Eastern Europe, leveraging Raiffeisen Bank International (RBI) Group's expertise, network, and corporate strength. They aim to assist promising scaleups in their expansion efforts across this dynamic region and beyond, targeting equity stakes with investment sizes ranging from a minimum of 500,000 EUR to a maximum of 2,000,000 EUR. Elevator Ventures' specialties include supporting companies in their Expansion, Later Stage, Seed, and Series A funding rounds, with a specific interest in companies offering solutions in Fintech, Beyond Banking, and adjacent areas. With assets under management totaling 25,000,000 EUR, they also maintain two fund-of-funds positions. Their investment thesis revolves around a 1M+ Internal Rate of Return (IRR) and involves backing companies through dedicated funds, managed in partnership with entities like Raiffeisen-Holding Niederösterreich-Wien and Raiffeisen-Landesbank Steiermark. The team is noted for its expansive sourcing and business development network throughout the DACH (Germany, Austria, Switzerland) and CEE (Central and Eastern European) regions, utilizing the deep market expertise of its investors for strategic benefits. Elevator Ventures has clocked considerable success, with investments close to 50 million EUR in 16 companies that led to four successful exits. They have backed various firms like Byrd, a scalable eCommerce fulfillment network, and Tarfin, which offers point-of-sales lending for small-scale farmers. Other noteworthy investments include Elucidate, Finqware, Bob W, SESAMm, and CloudCart, which reflect their diverse portfolio approaching unique challenges across sectors. Insights from founders of these companies praise Elevator Ventures for their strategic guidance, robust network, and significant impact on the companies' growth trajectories. Elevator Ventures' approach goes beyond mere financing; they engage actively in the companies' visions, aiming to cultivate sustainable, technology-driven futures in their respective industries.
What they say:
We invest in Fintech (and adjacent) in Central and Eastern Europe with €1M+ IRR. We leverage RBI Group’s expertise, network and corporate strength in order to help promising scaleups expand across this dynamic region and beyond.
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