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.
Key facts
Recent exits
Coverage notes
1 fund tracked, 23 portfolio companies (15 active · 8 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 · 11yr€100M15 active · 8 realized
Unrealized
15 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AOS | Software | France | 2021 |
| Combo | Software | France | 2019 |
| Dashdoc | Software | France | 2021 |
| Divriots | Software | France | 2021 |
| Hosman | Real Estate | France | 2021 |
| Innovorder | Software | France | 2026 |
| Lambda Labs | Software | US | 2021 |
| Ledger | Financials | France | 2021 |
| Little Cigogne | Consumer | France | 2021 |
| PACT | Industrials | UK | 2024 |
| Peoplespheres | Software | France | 2021 |
| Vaultinum | Software | Switzerland | 2022 |
| Witco | Software | France | 2021 |
| Yaba | Consumer | Spain | 2021 |
| Zipline | Industrials | US | 2021 |
Realized
8 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Amfine | Fintech | France | – | 2020 | Trade Sale | – | |
| Clevy | AI/ML | France | – | 2024 | Trade Sale | – | |
| Coinhouse | Financials | France | 2021 | 2021 | Secondary | – | – |
| CSS | Financials | United States | – | – | – | – | – |
| InterCloud | TMT | France | 2019 | 2025 | Trade Sale | – | |
| NewDeal | HR Tech | France | – | 2021 | Trade Sale | – | |
| TMT | United States | – | 2019 | IPO | – | ||
| Supertripper | Software | France | 2019 | 2025 | Trade Sale | – |
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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. Detailed buyer names and multiple data available on Pro at €29/month.
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