We build companies that last.
White & Black Group is a Vienna-based operating partnership. We invest in and develop sustainable, profitable business models – with patience, conviction, and entrepreneurial commitment.
Who we are
White & Black Group was founded as an operating partnership to not just finance companies, but to actively help build them. We believe in long-term value creation over quick exits – in real products, real customers, and real growth.
Our approach combines entrepreneurial thinking with strategic experience from over two decades of building digital businesses. We are not a typical investment firm. We are co-entrepreneurs.
What we do
Strategic Partnerships
We form long-term partnerships with founders who want to build companies of real value – beyond hype and speculation.
Investments
We invest in companies that align with our philosophy: sustainable, profitable, and with clear customer value.
Expertise & Network
Over 20 years of experience building digital businesses, combined with a network of entrepreneurs, investors, and domain experts.
Working Capital
We provide growth capital – not as a silent investor, but as an active partner in day-to-day operations.
Track Record
Ventures
Selected companies and projects from our portfolio.
LWB
Short-term, real estate-backed capital investments with transparent structures.
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ABY
Browser extension with millions of users – acquired, scaled, and successfully exited.
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Newpace
Israeli medical device company for cardiac defibrillators – strategic investment.
Learn more →The Founders
Two entrepreneurs, one shared vision.
Richard Jung
Founder & Managing Director
Serial entrepreneur with over 20 years of experience building digital products and companies. Richard combines deep technical expertise with strategic vision and leads the group's operational development.
Patrik Welzel
Founder & Managing Director
Experienced entrepreneur and strategic thinker with expertise in business development, sales, and corporate management. Patrik brings a strong network and entrepreneurial competence to the group.
When we're not building businesses, we share a passion for aviation.
Our Values
Loyalty
We stand by our partners – in good times and in challenging ones. Long-term relationships are the foundation of our success.
Patience
Real value creation takes time. We think in decades, not quarters.
Excellence
We strive for the highest quality in everything we do – in our products, our partnerships, and our actions.
Diligence
We act thoughtfully and conscientiously. Every decision is carefully considered, every detail matters.
Location
Vienna, Austria
Floragasse 7
1040 Vienna
In the heart of Vienna's fourth district, just steps from the iconic Karlskirche, we work at the intersection of tradition and innovation. Vienna is not just where we are based – it is both our inspiration and our aspiration.
Let's talk
Have an idea, looking for a partner, or want to learn more about White & Black Group? We look forward to hearing from you.