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Elevator Ventures

Praterstraße 1, Space 24, Vienna, Wien, 1020, Austria

Overview

Elevator Ventures is the Corporate Venture Capital entity of Raiffeisen Bank International (RBI) headquartered in Vienna. Its primary focus is on early stage and growth investments in Fintech and related enabling technologies in Central and Eastern Europe. In the role of a leading growth partner for Fintechs in CEE, Elevator Ventures leverages RBI Group`s expertise, network and corporate strength in order to help promising scaleups expand across this dynamic region and beyond.

Total investments
17
Lead investments
7
Investments · 12mo
4
Active investors
6

Sector focus

  • Finance
  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • Wultra

    Participated · Series A · Jul 2026

    Wultra develops post-quantum-resistant authentication and broader digital identity software for financial institutions, spanning onboarding, identity proofing, user authentication, transaction authorisation, and electronic signatures. Founded in December 2014 by Petr Dvorak, the company grew its team by nearly 50% and now supports more than 70 clients across 25 countries, including Raiffeisen Bank International, Erste Digital, OTP Bank, and Global Payments. Wultra opened an office in Singapore in 2025 to serve as its ASEAN hub and has been named a Sample Vendor for post-quantum authentication in Gartner’s 2025 Hype Cycle for Digital Identity. Financially, the company recently raised a €6.8 million Series A after a €3 million Seed+ in January 2025, and plans to use the new capital to expand its platform, add European Digital Identity Wallet features, enter the Middle Eastern and U.S. markets, and scale its team to support larger clients.

  • QuoIntelligence

    Led · Series A · Apr 2026

    QuoIntelligence, founded in Frankfurt in 2020, provides finished threat intelligence that is analysed, contextualised, and stored within the EU for mid-market organisations across finance, government, manufacturing, retail, and transportation. Its analyst-first model combines Mercury, an AI-powered threat intelligence platform, with a team of European analysts who review and curate outputs in clients’ languages and sectors; KARLA, a conversational AI analyst, makes that intelligence accessible across organisational levels. The company emphasizes European data sovereignty, is incorporated under German law, operates entities in Spain and Italy, and stores all intelligence data on German soil. QuoIntelligence targets demand driven by regulatory frameworks such as NIS2 and DORA and positions its offering as an alternative to non‑EU vendors. The firm intends to use new funding to expand go-to-market efforts, advance product development, and grow its team.

  • Exnaton

    Led · Series A · Oct 2025

    Founded in 2020 as an ETH Zurich spin-off, Exnaton develops a white-label software platform that automates billing and analytics for renewable-energy products. The AI-driven system supports dynamic tariffs, peer-to-peer energy sharing, and smart electric-vehicle charging, allowing utilities to launch and manage new energy offerings quickly. Headquartered in Zurich, the company already serves more than 50 utilities across Europe, including TotalEnergies in Belgium and Bayernwerk in Germany. Exnaton positions itself as a critical infrastructure layer for utilities transitioning to decentralized, data-heavy energy models. With fresh capital, it plans to deepen its AI capabilities and broaden feature sets that help clients monetize distributed energy resources. The firm also intends to accelerate geographic expansion within Europe and scale its commercial and technical operations. No revenue figures were disclosed in the article.

  • Tangany

    Led · Series A · Sep 2025

    Tangany provides a market‑leading B2B custody platform and white‑label API that enables banks, trading platforms, and fintechs to integrate blockchain services while remaining compliant. The BaFin‑regulated fintech safeguards over €3 billion in digital assets and supports more than 700,000 active customer accounts across 60+ institutional clients. Its product reduces costs and accelerates go‑to‑market for customers by providing institutional‑grade custody infrastructure. Since its 2022 seed round the company has doubled revenue and scaled its organization. With MiCA approaching, Tangany plans EU expansion, to strengthen operations, and to deepen its role as a regulated digital asset custodian. The company has reinforced partnerships with Baader Bank and Elevator Ventures / Raiffeisen Bank as part of its growth strategy. Tangany is a Munich-based fintech offering custody of digital assets via its Wallet as a Service (WaaS). Its proprietary solution supports both hot and cold wallets and secures Bitcoin, Ethereum, stablecoins, security tokens and NFTs. The startup aims to advance crypto adoption and help organisations expand their catalogue of financial products while smoothing the transition for customers. Tangany plans to add staking and yield farming services to its existing custody business and will use new funding to expand staff by the end of 2022. Founded in 2019, the company reports over €400 million of digital assets under custody and has onboarded over 25 new clients, including Tezos Foundation, Quirin Privatbank and Exporo. Tangany has been growing through its own profitability and said the round was 4x oversubscribed. Tangany is a Munich-based blockchain custody startup led by Martin Kreitmair, Christopher Zapf and Alexey Utin. The company offers a crypto storage solution for businesses, including secure wallet management in a hardware security module and support for blockchains such as Ethereum, Bitcoin or a customer's own chain. Its solution can be integrated via an API or deployed as a white-label wallet. Tangany serves companies across the EU and beyond. The recently raised seed financing (amount undisclosed) will be used to accelerate customer growth and further develop the technology. The capital will also support Tangany's application for a German 'crypto storage license' with BaFin in accordance with the Money Laundering Act.

  • Trustfull

    Led · Equity · Jul 2025

    Trustfull offers an advanced fraud prevention platform built on open-source intelligence and AI, analysing hundreds of digital signals (phone numbers, emails, IPs, domains) to assess user risk in real time. Its system is used to enhance KYC, KYB and AML processes and to prevent account opening fraud and account takeover. The company serves multiple sectors including banking, payments, travel, e-commerce and iGaming, with enterprise clients such as Nexi, ING Bank, Scalapay, Elavon, Cofidis, AirHelp and Sisal. Trustfull is scaling its product lineup to tackle evolving fraud threats including synthetic identity attacks, deepfakes and large-scale phishing. The company expects to process over 100 million checks annually by the end of 2025 as adoption grows. It plans to deepen presence in Italy, Spain and France while accelerating entry into other European markets.

Team