Fintech Growth Fund Europe

Fintech Growth Fund Europe

Fintech Growth Fund Europe (FGFE) launched in 2018 as a joint investment vehicle organized by Elevator Ventures, the venture capital arm of Raiffeisen Bank International, alongside Uniqa Ventures and Speedinvest. The fund was purpose-built to concentrate capital into later-stage fintech companies across Europe, and it currently holds 18 investments that have entered the divestment phase. The fund focused on Series A and B rounds, deploying across FinTech and RegTech with a European geographic mandate. It operated through direct co-investments and fund-of-funds positions, consistently partnering with Speedinvest vehicles and leveraging Elevator Ventures' corporate origination network in DACH and CEE. Confirmed portfolio companies include Wultra, a post-quantum authentication provider, Autenti, an e-signature and identification platform, and Elucidate, a regulated financial crime risk benchmark platform. FGFE was structured with a defined lifecycle and no ongoing capital deployment; Elevator Ventures' broader platform now manages over €100 million across direct funds and fund-of-funds positions, headquartered in Vienna. In April 2024, Elevator Ventures announced a separate, unrelated €70 million venture fund that succeeded FGFE's strategy (per Tech.eu, April 2024). Managing Directors Maximilian Schausberger and Thomas Muchar continue to oversee the firm's overall investment activity. What separated FGFE from a generic venture fund was the structured triple-LP design that functioned as a de facto joint account among three established European financial and venture investors. This architecture pooled not only capital but also origination and due-diligence capability, giving the vehicle concentrated access to Series A and B fintech rounds across Europe without requiring a permanent internal investment team beyond the Elevator Ventures platform staff.