Innofinance Oy

About The Fund

Innofinance Oy, operating under the brand Elevator Ventures, is a venture capital firm that is reinforced by notable institutions such as Raiffeisen Bank International, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark. With headquarters in Vienna, Austria, the fund specializes in equity investments, focusing on expansion and later-stage opportunities within the technology sphere. They manage assets totaling over 25 million euros and aim to elevate the growth of innovative technology companies, particularly in the sectors of Fintech and Beyond Banking, though they also target investments in software, IT, BioTech, hardware and manufacturing, energy, material science, and medical devices and hospital services. Elevator Ventures prides itself on a strong sourcing and business development network in the DACH (Germany, Austria, Switzerland) and CEE (Central and Eastern Europe) regions, utilizing the comprehensive expertise of its backing investors to provide a competitive edge. They hold a record of significant investments, nearing 50 million euros in 16 companies and achieving four successful exits, alongside two fund-of-funds positions. The fund generally targets Series A & B stages with initial ticket sizes ranging from 1-3m EUR. The fund focuses on fostering companies that provide novel solutions and services across various industries, highlighted by the achievements of their portfolio companies like byrd, Tarfin, Elucidate, Finqware, Bob W, SESAMm, and CloudCart, among others. Elevator Ventures not only commits capital but also engages closely with their portfolio companies, offering strategic guidance and leveraging a robust network to catalyze growth and innovation.