Elevator Ventures

Elevator Ventures is the corporate venture capital arm of Raiffeisen Bank International, founded in 2018 in Vienna, Austria. Backed by RBI, Raiffeisen-Holding Niederosterreich-Wien, and Raiffeisen-Landesbank Steiermark, the firm manages over €100 million across multiple funds including the €70 million EV II fund. Elevator Ventures leads rounds and has established itself as the leading CVC growth partner for fintechs in Central and Eastern Europe, leveraging RBI's extensive regional banking network. To date, the firm has invested over €60 million in 21 companies with average tickets of €1 to €3 million across Seed, Series A, and Series B stages, recording 7 successful exits and holding 2 fund-of-funds positions. The portfolio of 38 companies includes two unicorns: Tide, the UK digital banking platform, and Bitpanda, the Austrian cryptocurrency exchange. Other notable investments include Tarfin in agricultural fintech, kompany in KYB compliance, and Tangany in digital asset custody. A recent exit saw Luko acquired by Allianz in January 2024. The firm focuses on fintech, beyond-banking services, enabling technologies, SaaS, and B2B software, with a geographic concentration in DACH and CEE markets. The investment team of 14, led by Managing Directors Maximilian Schausberger and Thomas Muchar and comprising 3 partners and 3 principals, combines deep banking sector knowledge with startup operational expertise. Elevator Ventures works closely with RBI's network across the region to open doors for portfolio companies and accelerate their commercial growth within one of Europe's most strategically important financial services markets.