Elevator Ventures

Elevator Ventures is the corporate venture capital arm of Raiffeisen Bank International, established in 2018 and headquartered in Vienna, Austria. The firm specializes in direct and fund of funds investments, focusing primarily on early and growth-stage fintech companies as well as related technologies in Central and Eastern Europe. In its direct investment strategy, Elevator Ventures targets growth, mid-venture, and later-stage fintech firms, and also engages in co-investments. Additionally, it invests in banking-related regulatory technology (REGTECH) companies. By leveraging the expertise and network of Raiffeisen Bank International, Elevator Ventures aims to support promising scale-ups in their expansion efforts across the dynamic markets of the region.

Suleiman Arabiat

Principal

Magdalena Chałas

Associate

Yuliya Kvetko

Associate

Annalisa Mortellaro

Analyst

Thomas Muchar

Managing Director

Thomas Muchar

Managing Director

Ariel Rosenberg

Analyst

Maximilian Schausberger

Managing Director

Nikolas Skalik

Analyst

Noémi Szabó

Associate

16 past transactions

goUrban

Seed Round in 2022
goUrban e-Mobility GmbH, founded in 2018 and based in Vienna, Austria, offers a comprehensive platform for renting e-scooters through a mobile app available on iOS and Android. The company's innovative operating system supports various mobility solutions, including car, scooter, and moped sharing systems. By utilizing its cloud-based software, goUrban provides operators with a centralized dashboard to monitor their operations, a user app for seamless travel access, and a service app for maintenance personnel. The company aims to optimize operations, reduce unnecessary costs, and increase revenue for mobility operators across three continents, drawing on its own experiences in the industry. With a commitment to adapting to the evolving mobility landscape, goUrban is dedicated to enhancing the efficiency and effectiveness of urban transportation.

Elucidate

Seed Round in 2022
Elucidate GmbH, founded in 2019 and based in Berlin, Germany, specializes in developing a financial crime risk management platform. The company's flagship product, the Elucidate FinCrime Index (EFI), leverages probabilistic modeling and machine learning to assess and quantify financial crime risk for financial institutions. This software-as-a-service (SaaS) platform enables users to store, manage, and analyze data related to financial crime, facilitating standardized measurement and reporting. By providing comprehensive data analysis, Elucidate allows clients to define acceptable levels of risk exposure and continuously monitor this exposure, thereby enhancing their ability to manage financial crime risk effectively.

byrd

Series C in 2022
byrd technologies GmbH is a third-party logistics and fulfillment company based in Vienna, Austria, founded in 2016. The company specializes in digital fulfillment services tailored for e-commerce businesses, offering solutions such as warehousing, pick and pack, shipping, quality control, and batch fulfillment. By operating an extensive fulfillment network, byrd connects online merchants with an international warehouse system, enabling retailers to provide advanced shipping options without the need to establish their own logistics infrastructure. The platform integrates seamlessly with popular e-commerce systems like Shopify and collaborates with logistics partners across multiple countries. In addition to its core markets in Germany and Austria, byrd has expanded its operations to include fulfillment locations in the UK and plans to launch new sites in the Netherlands and France. With the capacity to ship 10,000 orders daily from over ten warehouses, the company manages a storage space exceeding 500,000 square meters while also offering services like shipment tracking and product return management.

Tarfin

Series A in 2021
Tarfin operates a cloud-based credit platform designed to assist underbanked farmers in Turkey by providing access to high-quality farm inputs and competitive financing options at the point of sale. Founded in 2017 and based in Istanbul, the company employs advanced technologies, including big data analytics and machine learning, to compare prices and identify low-cost alternatives for essential agricultural inputs such as fertilizers, seeds, and equipment. This innovative approach not only helps farmers secure necessary resources at competitive prices but also allows retailers to mitigate receivable risks and optimize their capital. Tarfin's commitment to financial inclusion has been recognized, having won the EFSE's Financial Inclusion Challenge in 2016.

Agro.Club

Series A in 2021
Agro.Club is the farmer facing ecosystem with best-in-class UX, backed by the enterprise platform that empowers Input Manufacturers, Retailers, and Grain companies to run business at maximum efficiency.

Finqware

Seed Round in 2021
Finqware is a technology company based in Bucharest, Romania, that develops an interface aggregation platform aimed at connecting businesses, fintechs, and financial service providers. Its product is an API middleware platform that serves as a single point of contact for accessing real-time multi-banking financial data. By leveraging PSD2 APIs from banks and custom data exposure APIs, Finqware enriches financial data and provides it to various tenants, allowing them to build frontend applications and services. This infrastructure enables organizations to enhance user onboarding for financial products, facilitate access to bank accounts, and initiate payments. Additionally, Finqware contributes to cross-border financial marketplaces by creating new revenue streams through commissions on financial product sales, thereby expanding the distribution reach of banks and financial providers.

Twisto

Series C in 2021
Twisto Payments a.s., founded in 2013 and based in Prague, Czech Republic, operates a payment platform that caters to users in the Czech Republic and Poland. With over 600,000 users and 100,000 app and card clients, Twisto is recognized for its buy-now, pay-later capabilities and flexible installment financing. The company provides a user-friendly daily payments app that enhances the point-of-sale experience, allowing customers to make one-click bill and invoice payments, as well as access competitive foreign exchange rates and travel insurance. Twisto's platform supports convenient online purchasing through a virtual card and third-party payment tools, enabling customers to manage their payments efficiently and effectively. Additionally, Twisto serves as a primary Mastercard issuer and integrates seamlessly with Apple Pay, further streamlining the payment process for its users.

Pisano

Venture Round in 2020
Pisano offers software-as-a-service solutions that help streamline customer and employee experience management for enterprise businesses in Banking, Insurance, Retail, Utility, Travel and more. Enabling businesses to increase customer retention, employee engagement, revenue growth, productivity and customer loyalty. While decreasing costs, employee turnover and IT overhead.

Tarfin

Series A in 2020
Tarfin operates a cloud-based credit platform designed to assist underbanked farmers in Turkey by providing access to high-quality farm inputs and competitive financing options at the point of sale. Founded in 2017 and based in Istanbul, the company employs advanced technologies, including big data analytics and machine learning, to compare prices and identify low-cost alternatives for essential agricultural inputs such as fertilizers, seeds, and equipment. This innovative approach not only helps farmers secure necessary resources at competitive prices but also allows retailers to mitigate receivable risks and optimize their capital. Tarfin's commitment to financial inclusion has been recognized, having won the EFSE's Financial Inclusion Challenge in 2016.

Pisano

Venture Round in 2020
Pisano offers software-as-a-service solutions that help streamline customer and employee experience management for enterprise businesses in Banking, Insurance, Retail, Utility, Travel and more. Enabling businesses to increase customer retention, employee engagement, revenue growth, productivity and customer loyalty. While decreasing costs, employee turnover and IT overhead.

Agro.Club

Seed Round in 2020
Agro.Club is the farmer facing ecosystem with best-in-class UX, backed by the enterprise platform that empowers Input Manufacturers, Retailers, and Grain companies to run business at maximum efficiency.

Pisano

Venture Round in 2020
Pisano offers software-as-a-service solutions that help streamline customer and employee experience management for enterprise businesses in Banking, Insurance, Retail, Utility, Travel and more. Enabling businesses to increase customer retention, employee engagement, revenue growth, productivity and customer loyalty. While decreasing costs, employee turnover and IT overhead.

FinCompare

Series A in 2020
FinCompare GmbH operates a financing platform for small and medium-sized enterprises where they can overview the financing options available for their company. The company was founded in 2016 and is headquartered in Berlin, Germany.

Loop+

Seed Round in 2020
Loop+ is a remote rehabilitation platform focused on improving health management for wheelchair users. Its primary product, an activity tracker, utilizes sensor technology to convert clinical care plans into practical applications for home use. This innovative solution continuously collects data on users' activities, allowing healthcare professionals to develop personalized risk profiles and insights. By facilitating real-time monitoring, Loop+ enables early detection and intervention for various health issues, such as pressure wounds, respiratory problems, and scoliosis. The platform is particularly beneficial for users who may have limited ability to communicate discomfort, providing them with a means to visualize their health status and fostering a collaborative feedback loop between clinicians and caregivers.

kompany

Venture Round in 2019
kompany is the RegTech platform for Global Business Verification and Business KYC providing the audit-proof, primary source, and time-stamped company information from 150+ jurisdictions in real-time. It is headquartered in Vienna, Austria, and has offices in Singapore and the UK. Since being founded in 2012, kompany has attracted a unique pool of top developers, regulatory experts, and product managers from around the world. It is a government licensed clearing house and official distributor for commercial and business registers in multiple countries worldwide.

Tembo café

Seed Round in 2018
The Tembo coffee house franchise is a mobile-commerce and social impact company. Our goal is to provide products & services that benefit the local community, through purpose-driven consumer purchases. With every purchase we donate 3% of the transaction to a community-led social project. Tembo café combines the convenience of ordering a coffee on your phone coupled with a community-led coffee shop where you can contribute to a local social cause with every single purchase.
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