The Venture Codex Logo

The Venture Codex

APX

Besselstraße 14, Berlin, 10969, Germany

Overview

APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor. We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months, depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors.

Total investments
47
Lead investments
3
Investments · 12mo
1
Active investors
5

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
Visit website

Investment portfolio

  • Track Titan

    Participated · Seed · Dec 2025

    Founded in 2021 by gamer-turned-pro driver Max Teichert, London-based Track Titan positions itself as the “Strava for motorsport,” delivering real-time, personalized driving insights powered by AI. The software analyzes on-track performance in popular titles such as EA’s F1 series and iRacing, then recommends adjustments that shave an average of more than half a second from users’ lap times in their very first session. Beyond gaming, the platform is already being adopted by professional racing teams for off-track training and is integrated into leading sim-racing hardware through partnerships with MOZA and Fanatec. Track Titan focuses on “ambitious amateurs,” aiming to turn its 200,000-plus user base into a global community of racers who learn, compete and socialize on the service. Management reports a ten-fold increase in annual recurring revenue over the past two years, underscoring strong product-market fit. Future plans include deepening AI capabilities, embedding the tech in additional hardware and, ultimately, extending the solution to real-world car dashboards.

  • Synergi

    Participated · Seed · Oct 2024

    Synergi is a Finnish tech company building software to connect household energy assets to grid flexibility markets. The company launched its platform in 2023 and released the Synergi app to help households optimize energy use. The app has helped thousands of European users save up to 50% on EV charging and about 20% on heating costs annually. Synergi’s platform aggregates customer-owned assets—EVs, heat pumps, and solar panels—into virtual power plants (VPPs) to nudge and reward flexibility for grid balancing. The product targets utilities and consumers, enabling utilities to monetise flexibility and provide a turnkey app solution to customers. With recent funding, Synergi plans to expand into Nordic and central European flexibility markets and grow engineering, sales, and marketing teams. Synergi builds software that aggregates household energy resources to make electricity consumption smart, controllable and able to participate in demand-response markets. As a starting point users can connect EVs and PHEVs to the platform for smart charging; later in 2023 Synergi plans to add solar production, heat pumps, water boilers and other major household energy resources. The company says its tools will help households shift usage away from peak hours, lower emissions from the grid and provide flexibility to balance supply and demand as more inflexible renewable sources come online. Founded during the summer by Antti Hämmäinen, Harri Iisakka and Petrus Holm, Synergi will use new capital to develop its technology and launch more broadly in Finland and an additional target market in 2023. Financially, Synergi has raised €800k in a pre-seed round led by Lifeline Ventures and APX to support product development and market launch. The startup positions its offering as a response to rising energy prices and grid imbalances in Europe, aiming to turn households into active contributors to the energy system.

  • DC Connected

    Participated · Seed · Aug 2024

    DC Connected Car offers an AI-driven virtual technician platform that delivers automated, intelligent insights into vehicle health and performance through remote diagnostics. The platform provides real-time problem-solution recommendations to minimize physical inspections and integrates remote support across warranty, roadside assistance, and repair use cases. The company highlights partnerships with major OEMs, insurers (including Real Garant Versicherung AG), and B2B customers to digitize aftersales and service products. Founded in 2020 in Leibi, Germany, the team includes specialists in automotive technology, insurance and AI software development. DC Connected Car plans international expansion and further development of advanced diagnostic tools to address skilled labor shortages and streamline cross-department workflows. Financially, the company recently closed a €2.1M seed round to accelerate product development and market growth.

  • Spike Technologies

    Participated · Seed · Jun 2024

    Spike offers white‑labeled SDKs and non‑diagnostic RAG (retrieval‑augmented generation) AI products that let healthcare and digital‑health businesses add compliant, easy‑to‑implement AI features. Its platform aggregates high‑quality biomarkers from around 300 sources via a health data API, which feeds personalized co‑pilot applications such as trainer, dietitian, nurse, and physician assistants. The company emphasizes reducing LLM hallucinations and meeting strict regulatory requirements for sensitive health data while lowering time‑to‑market and engineering costs for customers. Spike’s customer roster includes Seguros SURA, Longevo, FITTR, EMMA, Moody Month and Pulsetto, and the startup is part of NVIDIA’s Inception Program for GenAI companies. The recently closed funding will be used to fuel continued growth and product expansion across healthcare and health‑tech verticals. The team includes co‑founders Povilas Gudzius and Nikita Pajanok and a broader group of technical hires supporting product and go‑to‑market efforts. Spike is a Palo Alto, CA–based B2B data technology and artificial intelligence startup that provides API aggregation, data pipeline management (ETL), and an AI-backed solution for wearables and IoT devices. The platform imports biometric metrics — including heart rate variability, glucose, cortisol, calories, sleep depth, and blood pressure — directly into clients' cloud via a managed ETL service. Spike supports commercially used optical, electrical, electrochemical, and electromechanical sensor types and serves clients in digital health, professional fitness, insurance, and automation. Led by CEO Povilas Gudzius, the company offers AI tools for health-related prediction, recommendation, and prevention. Spike raised $700K in a Pre-Seed funding round led by Geek Ventures, with participation from CEAS Investments and APX. The company intends to use the funds to accelerate growth, expand operations, and broaden its business reach.

  • Eleos

    Participated · Seed · May 2024

    Eleos Life provides fully digital term life and disability insurance applications designed to be completed in minutes and without a medical exam. The company embeds insurance into digital journeys via partnerships with banks and fintechs and currently operates in the U.K. and launched its U.S. business in 2025. Through more than 10 platform integrations, Eleos reaches close to five million consumers. Its near-term plans include scaling U.S. brand awareness and customer acquisition via the MMC media-for-equity partnership to access national TV, digital and cinema advertising. MMC will also support Eleos with creative production, AI-driven content and go-to-market strategy as part of the deal. The company is pursuing growth without using traditional venture funding to finance marketing campaigns.

Team