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Investor profile

Ilavska Vuillermoz Capital

DEGBFREECHCZOtherFintechDeep TechAI/MLOther

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Investment thesis

Ilavska Vuillermoz Capital is a Luxembourg-based alternative investment firm founded in 2019, focused on two core verticals: DefenceTech and FinTech. On the defence side, the firm invests in companies developing military-only and dual-use technologies — spanning cyber, space, robotics, and autonomous systems — that are crucial for the security of democratic nations, targeting seed to Series B companies in NATO-friendly countries with tickets of EUR 1m–12m per company. On the fintech side, the founders' strong financial services backgrounds led to early investments in leading European fintech companies with strong management teams, substantial recurring revenues, and a clear path to profitability. Beyond its two core funds, IVC also creates dedicated SPVs for club deals in adjacent sectors such as consumer and proptech, with typical investments of EUR 1m–10m.

Notable quotes

We are mainly looking for European companies that have a strong management team, need money to grow, are close to profitability and already have substantial recurrent revenues.

Laurent Hengesch · Paperjam / Delano – 'Meet the VC: Ilavska Vuillermoz Capital' · 2023-03-24

We look for visionary founders solving major defence or security problems with scalable, capital-efficient technologies. By investing early, the fund can capture outsized value before these technologies reach mainstream defence procurement channels.

Laurent Hengesch · Luxembourg for Finance – 'Defence and finance, linked for the long term' · 2025-05-21

We have now launched a dedicated DefenceTech Fund because we believe that Europe faces an urgent and existential threat. We invest in defence technology companies that are crucial for the security of our civilisation, fostering global stability and enabling societies to thrive in an environment of peace and safety.

Laurent Hengesch · Paperjam – 'Double investment in defence for Ilavska Vuillermoz Capital' · 2025-05-21

Recent investments

CompanyRoundSizeDate
PAVE SpaceSeed$40m2025-03-25
9finSeries B$50m2024-12-02
GalytixSeries A2024-05-21
CentinusSeed2025-05-21
N26Series B+
SolarisSeries B+
TeylorSeed
CerbAirSeed
QwistSeed
Rohlik GroupSeries B+

Frequent co-investors

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