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The Venture Codex

Ilavska Vuillermoz Capital

8, rue du Marché-aux-Herbes, Luxembourg, 1728

Overview

Ilavska Vuillermoz Capital is an alternative investment firm based in Luxembourg and the Czech Republic.

Total investments
7
Lead investments
0
Investments · 12mo
1
Active investors
3

Sector focus

  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • PAVE Space

    Participated · Seed · Mar 2026

    PAVE Space is developing a family of orbital transfer vehicles (OTVs) including a flagship kickstage using storable bipropellants and a smaller mobile platform for rapid satellite repositioning. The vehicles are designed to transport satellites from low Earth orbit to higher-energy destinations such as geostationary and lunar orbits in under 24 hours. PAVE aims to offer a launcher-agnostic logistics layer compatible with multiple launch systems and to serve commercial and institutional customers including satellite operators, telecom providers and defence organisations. The company is preparing its first in-space demonstration mission and has secured early reservation agreements with satellite operators. With the $40 million seed round, PAVE will accelerate development, expand its engineering team, conduct initial demonstrations and ready its platforms for commercial deployments. CEO and co-founder Julie Böhning has framed the effort as building infrastructure to enable industries to move, operate and scale beyond Earth while supporting Europe’s strategic autonomy in space.

  • 9fin

    Participated · Series B · Dec 2024

    9fin combines proprietary data, analytics, and AI-driven workflows into a single platform aimed at credit professionals operating across loan, bond, and private credit markets. The company centralizes information that often resides in data rooms, emails, and PDFs to fuel its AI capabilities and speed up sourcing, analysis, and monitoring of debt opportunities. 9fin serves more than 300 banks, asset managers, law firms, and advisory firms and reports multiple consecutive years of 100% ARR growth and industry-leading retention. The firm is expanding its proprietary dataset and accelerating product development following its Series C. It is scaling its presence in the United States while maintaining offices in London, New York, Hong Kong, and Belfast. 9fin was founded by Steven Hunter and Hussam EL-Sheikh.

  • Teylor

    Participated · Equity · Mar 2022

    Founded in 2018 by finance entrepreneur Patrick Stäuble, Teylor streamlines small- and medium-sized enterprise (SME) financing through a fully digital, non-bank lending platform. The company matches private debt capital with advanced credit-decisioning technology to speed up and increase transparency in the loan process. Complementing its direct lending arm, the firm’s Teylor Technologies division licenses software that helps banks shorten credit cycles and cut operational costs. Teylor follows a hybrid model that blends lending operations with institutional-grade SaaS offerings, giving it multiple revenue streams and broader market reach. Strategically, the company is expanding its factoring business across seven European countries and is building a pan-European, multi-currency financing vehicle to facilitate cross-border growth. Recent acquisitions of fintechs Creditshelf and CapeTec, as well as the factoring unit of Grenke AG, further extend its product range and geographic footprint. The new partnership with Fasanara Capital supplies significant growth capital to accelerate these initiatives.

  • anybill

    Participated · Seed · Oct 2021

    anybill provides a platform for issuing and managing digital receipts via POS software integrations, scalable APIs and SDK modules, aiming to deliver a digital receipt for every payment. The company focuses on integrating with cash-register systems and has won more than 35 POS partners. anybill reports first paying major customers as well as SMEs and banks and supports use cases such as accounting exports and warranty management. Its platform can deliver receipts in merchant, banking and payment apps or without an app, and aims to link receipts to card payments without requiring an email address or mobile number. anybill raised a €1.9 million seed round to expand its acceptance infrastructure and further product development. The company was founded in December 2019 and employs around 25 people across Regensburg and Munich with plans to grow the team and partner network.

  • Solaris

    Participated · Series D · Jul 2021

    Solaris is a Berlin-based provider of an embedded finance and Banking-as-a-Service platform. Founded in 2015 and led by CEO Carsten Höltkemeyer, it offers a proprietary modular B2B tech stack and a scalable licensing system that enables partners from large global non-financial corporations to fintechs to deliver financial services. The company raised €140M in a Series G financing led by SBI Group and Boerse Stuttgart Group, with participation from a diverse group of investors and strategic partners. Solaris said it will use the funds to support its operations and accelerate its ability to seize market opportunities. This round follows a March 2024 Series F that raised €96m in equity and secured financial guarantees of up to €100m. Those prior funds were used to migrate the ADAC credit card program in September 2024 and to further strengthen the platform. Solaris provides white-label banking services as a banking-as-a-service (BaaS) platform. The fintech has faced industry challenges and recently implemented dramatic job cuts. Reports said the company was urgently seeking between €100m and €150m amid concerns it was running out of money. An Extraordinary General Meeting (EGM) was convened to consider urgent financing and, if necessary, a proposal to wind up the business. Solaris announced it has secured fresh funding and described the step as important for a long-term, sustainable financing solution. The company said it will finalise agreements with its investors in the coming days. Solaris is a Banking‑as‑a‑Service pioneer that developed a proprietary modular B2B tech stack and scalable licensing system for partners. Its platform enables large non‑financial companies and fintechs to offer customer‑centric financial products. Solaris is banking‑ and EMI‑licensed and focuses on cards, accounts and lending. The company employs more than 750 people across ten locations in Europe and India and reported net revenues of €130 million in 2022. Solaris plans to enhance partners' product offerings, make regulatory compliance a USP, and invest in platform resilience as it scales. Management frames the strategy around sustainable, profitable growth and extending market leadership. Solaris provides a banking-as-a-service/embedded finance platform used by customers including Samsung, American Express and Coinbase. Its platform exposes roughly 400 APIs across banking and card services, payments, lending, ID verification and digital currencies. The company rebranded from Solarisbank to Solaris in July 2022 and is working to integrate its Contis acquisition to fully exploit its product platform. Solaris reported €130 million in revenue for 2022, a 30% increase, but posted a €56 million loss that year and has been cutting costs to improve efficiency. Leadership changed with Carsten Höltkemeyer becoming CEO in April after Roland Folz stepped down; COO Chloé Mayenobe also left and the role will not be refilled. The company says first-half results show promise of profitability, while it focuses on simplifying operations and concentrating on core products. Solarisbank provides embedded banking via an API-first platform of about 180 APIs that power basic banking, cards, lending, payments and know‑your‑customer services for third parties. Its customers include Trade Republic, American Express, BP, Samsung and Vivid, and it serves roughly 50 partners covering about 2 million customer accounts. The company posted net revenues of €35 million in 2020 and has been growing at 40–60% annually; management says the combined entity will produce "triple‑digit euros" in revenue (hundreds of millions). Solarisbank holds banking licences for Europe and e‑money licences in Lithuania and the U.K., and runs its stack on AWS. Near‑term plans include expanding coverage across Europe, using the Contis acquisition to broaden European reach and making early moves into Asia, with no current plans to enter the U.S. The company says it could be in a position to go public next year if it chooses.

Team

  • Luc Berns

    Investment Associate

  • Tomas Cironis

    Investment Manager

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  • Georges Bock

    Partner

    LinkedIn