UL Invest
UL Invest is a single family office founded in 2015 by Laurent Useldinger, the French-Luxembourgish entrepreneur who built and sold ULLINK (the capital-markets software firm) acquired by Itiviti in 2018 for around USD 650M. Based in Luxembourg (primary) and Paris with team members Mathieu Lamrani (VC/PE) + Flavio Cartaxo (Brazil eco-tourism) + Remy Preya (Real Estate) + Ghislain Verier (CFO). The firm deploys Useldinger's personal capital across three asset classes (Real Estate plus Venture Capital and Private Equity plus Private Debt) with a thematic tilt toward digital innovation and eco-chic tourism. VC and PE tickets typically run from EUR 500k to EUR 5M with sector focus on FinTech RegTech and SaaS B2B. NOT AMF/CSSF regulated (SFO operating own capital). Notable portfolio investments include Ledger Coinhouse Dashdoc Peoplespheres Combo Lambda Labs Zipline and Vaultinum plus build-up positions in workplace software (Witco) construction SaaS (AOS) and Cambridge biomaterials (PACT). Notable exit InterCloud March 2025 Trade Sale to BSO Network.
UL Invest is a Luxembourg venture capital firm with 22 active companies and 5 exits.
- ·4 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 5 realized deals: 5 years.
Sector breakdown
27 companiesGeography breakdown
8 geographiesKey facts
Recent exits
UL Invest sold AOS to Once For All in 2026 after 5 years.
UL Invest sold InterCloud to BSO Network in 2025 after 6 years.
UL Invest sold Supertripper to Groupe Marietton Développement in 2025 after 6 years.
UL Invest sold CSS to Confluence Technologies in 2021 after 1 year.
Coverage notes
1 fund tracked, 27 portfolio companies (22 active · 5 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund UL Invest has raised, with its portfolio companies. Hand-checked from public filings.
UL InvestVC2015€100M22 assets5 exitsVC2015 · 11yr€100M225
Unrealized
22 held| Company | Entry |
|---|---|
| 123 Investment Managers France | 2022 |
| Coinhouse Fintech · France | 2022 |
| Combo SaaS · France | 2019 |
| Dashdoc SaaS · France | 2021 |
| Divriots DevTools · France | 2021 |
| Gamelearn EdTech · Spain | 2018 |
| Hosman PropTech · France | 2021 |
| Hurricane Company Hospitality · Brazil | 2020 |
| Innovorder SaaS · France | 2026 |
| Lambda Labs Cloud Infrastructure · US | 2021 |
| Ledger Fintech · France | 2021 |
| Little Cigogne Consumer · France | 2021 |
| PACT Industrials · UK | 2024 |
| Peoplespheres HR Tech · France | 2021 |
| Resilinc SaaS · Milpitas, California, United States | 2017 |
| Sanctuary AI Industrials · Canada | 2021 |
| Singlespot TMT · France | 2020 |
| Vaultinum Software · Switzerland | 2022 |
| Wall-Market France | 2017 |
| Witco PropTech · France | 2021 |
| Yaba E-commerce · Spain | 2021 |
| Zipline Logistics · US | 2021 |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| AOS Software · France | 2021 | 2026 | Trade Sale | Once For All | – |
| CSS Fintech · US | 2020 | 2021 | Trade Sale | Confluence Technologies | – |
| InterCloud Telecom · France | 2019 | 2025 | Trade Sale | BSO Network | – |
| Pinterest TMT · US | 2014 | 2019 | IPO | Public market | – |
| Supertripper SaaS · France | 2019 | 2025 | Trade Sale | Groupe Marietton Développement | – |
About UL Invest
UL Invest is a venture capital platform based in Paris with capital deployed across 2 active fund vehicles. The firm targets European and selectively global technology companies across software, business services, consumer and industrials, with capital deployed across early-stage and Series A/B rounds alongside institutional limited partners.
Investment thesis
The platform deploys venture capital into software, business services, consumer and industrials categories with a focus on technology-enabled businesses across France and selectively across Europe. Investment focus spans seed and growth stages with capital deployed across multiple rounds per portfolio company, supporting founder teams through international scaling and selective M&A activity. The fund structure enables longer holding periods than typical venture vehicles, supporting category-leadership outcomes in technology platforms with global ambitions.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 2 fund vehicles, 17 active portfolio companies and 0 realised exits across the strategy's history.
Frequently asked questions
- What investment strategy does UL Invest focus on?
- UL Invest focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does UL Invest have?
- UL Invest has 22 active portfolio companies and 5 completed exits and 1 fund tracked on GP Intel.
- Where is UL Invest headquartered?
- UL Invest is headquartered in Luxembourg, France.
- When was UL Invest founded?
- UL Invest was founded in 2015.
- What sectors does UL Invest invest in?
- UL Invest invests across Software, Financials, Real Estate, Consumer, Industrials.
- What are UL Invest's recent exits?
- Recent realized exits by UL Invest include: AOS (2026) to Once For All; InterCloud (2025) to BSO Network; Supertripper (2025) to Groupe Marietton Développement; CSS (2021) to Confluence Technologies; Pinterest (2019) to Public market.
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