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The Venture Codex

Overview

Nordic venture capital firm investing in early-stage tech companies.

Founded

2001

Deals · 12mo

13

Stage focus

Seed
Series A

Geographic focus

Norway
Sweden
United States

Sector focus

Venture Capital

Investment portfolio

64rounds
NAMEDATESIZE
Cloud9
Oct 2026Led
$0.50 MSeed
HyperLink
Oct 2026Participated
$3 MOther Equity
Spiich Labs
Sep 2026Participated
$3 MSeed
Datahive AI
Aug 2026Participated
$4 MSeed
Vorflux AI
Jul 2026Led
$15 MSeed
Daya
Jun 2026Participated
$2 MSeed
Fika Jobs
Jun 2026Participated
$4 MSeed
Optifish
Apr 2026Participated
$0.86 MOther Equity
Newcode.ai
Mar 2026Led
$7 MSeed
Endform
Mar 2026Led
$2 MSeed
The New Era of Shopping
Feb 2026Led
$1 MSeed
Hemi Health
Feb 2026Participated
$5 MSeed
Cloud9
Oct 2026Led
$0.50 MSeed
HyperLink
Oct 2026Participated
$3 MOther Equity
Spiich Labs
Sep 2026Participated
$3 MSeed
Datahive AI
Aug 2026Participated
$4 MSeed
Vorflux AI
Jul 2026Led
$15 MSeed
Daya
Jun 2026Participated
$2 MSeed
Fika Jobs
Jun 2026Participated
$4 MSeed
Optifish
Apr 2026Participated
$0.86 MOther Equity
Newcode.ai
Mar 2026Led
$7 MSeed
Endform
Mar 2026Led
$2 MSeed
The New Era of Shopping
Feb 2026Led
$1 MSeed
Hemi Health
Feb 2026Participated
$5 MSeed
64
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Deal Distribution

Alliance Venture: 64 funding rounds are recorded in the selected participation categories.All available history.
Alliance Venture: 64 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1612
Series A111
Series B05
Series C+01
Other Equity314
ICO01

Monthly Deal Activity

Alliance Venture: 64 deals are recorded across 194 months.All available history.
Alliance Venture: 64 deals are recorded across 194 months. All available history
MonthDeals
Sep '102
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '111
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '121
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '121
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '141
Jan '151
Feb '152
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '151
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '171
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '181
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '211
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '221
Mar '221
Apr '220
May '222
Jun '220
Jul '223
Aug '220
Sep '221
Oct '221
Nov '221
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '231
Aug '232
Sep '232
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '242
Jul '241
Aug '241
Sep '240
Oct '242
Nov '241
Dec '241
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '262
Mar '262
Apr '261
May '260
Jun '262
Jul '261
Aug '261
Sep '261
Oct '262

Sector Breakdown

Alliance Venture: Enterprise Software is the largest displayed sector by deal count (22 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Alliance Venture: Enterprise Software is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Enterprise Software22
AI & Machine Learning19
Data, Analytics & IT14
Fintech14
Crypto & Blockchain12
Networks, Cloud & Communication10
Developer Tools9
Hardware & Robotics7
E-Commerce & Retail6
Professional Services6
Cybersecurity & Privacy3
Clean Energy & Sustainability3
Transportation & Logistics3
Food & Agriculture3
Real Estate & Construction2
Space & Frontier Tech2
Marketing & Advertising2
Manufacturing2
Health & Life Sciences2
Consumer & Lifestyle1
Gaming & eSports1

Deal Size Distribution

Alliance Venture: 64 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Alliance Venture: 64 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M37
$5M-$10M8
$10M-$25M14
$25M-$50M4
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Alliance Venture: Europe has the largest recorded deal count among the displayed regions (38 deals).All available history.

Top 10 of 10 regions; European countries are grouped as Europe.

Alliance Venture: Europe has the largest recorded deal count among the displayed regions (38 deals). All available history
RegionDeals
Europe38
United States17
Cayman Islands2
India1
Hong Kong1
Singapore1
Kenya1
South Korea1
Nigeria1
United Arab Emirates1
Alliance Venture: 20 co-investors are shown, with Investinor sharing 10 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Alliance Venture: Led accounts for 31% and participating for 69% of round participation.All available history.
Alliance Venture: Led accounts for 31% and participating for 69% of round participation. All available history
CategoryDeals (count)Share (%)
Led2031%
Participating4469%
Alliance Venture: Single-lead accounts for 45% and co-led for 55% of lead dynamics.All available history.
Alliance Venture: Single-lead accounts for 45% and co-led for 55% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead945%
Co-led1155%

Team

Bente Loe

Partner

Imran Khan

Co-Founder and Venture Partner

Jan-Erik Hareid

Founder and Chairman

Johan Gjesdahl

Managing Partner

Nea Piha

Investor Relations Manager