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The Venture Codex

APX

Besselstraße 14, Berlin, 10969, Germany

Overview

Very-early-stage venture capital supporting ambitious founding teams.

Founded

2018

Deals · 12mo

1

Links

Website

Stage focus

Seed

Geographic focus

Germany
The Netherlands
United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

47rounds
NAMEDATESIZE
Track Titan
Dec 2025Participated
$5 MSeed
Synergi
Oct 2024Participated
$2 MSeed
DC Connected
Aug 2024Participated
$2 MSeed
Spike Technologies
Jun 2024Participated
$3 MSeed
Eleos
May 2024Participated
$4 MSeed
Pickler
Jan 2024Participated
$0.55 MOther Equity
nuvo
Dec 2023Participated
$3 MSeed
Eleos
Oct 2023Participated
$0.75 MSeed
Cino
Oct 2023Participated
$1 MOther Equity
askui
Aug 2023Participated
$5 MSeed
CYCLE
Jul 2023Participated
$12 MSeries A
Propel
Jul 2023Participated
$3 MOther Equity
Track Titan
Dec 2025Participated
$5 MSeed
Synergi
Oct 2024Participated
$2 MSeed
DC Connected
Aug 2024Participated
$2 MSeed
Spike Technologies
Jun 2024Participated
$3 MSeed
Eleos
May 2024Participated
$4 MSeed
Pickler
Jan 2024Participated
$0.55 MOther Equity
nuvo
Dec 2023Participated
$3 MSeed
Eleos
Oct 2023Participated
$0.75 MSeed
Cino
Oct 2023Participated
$1 MOther Equity
askui
Aug 2023Participated
$5 MSeed
CYCLE
Jul 2023Participated
$12 MSeries A
Propel
Jul 2023Participated
$3 MOther Equity
47
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Insights

Time horizon

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Deal Distribution

APX: 47 funding rounds are recorded in the selected participation categories.All available history.
APX: 47 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed327
Series A03
Other Equity014

Monthly Deal Activity

APX: 47 deals are recorded across 89 months.All available history.
APX: 47 deals are recorded across 89 months. All available history
MonthDeals
Jun '191
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '201
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '211
Aug '211
Sep '210
Oct '210
Nov '211
Dec '212
Jan '220
Feb '221
Mar '222
Apr '222
May '220
Jun '220
Jul '220
Aug '221
Sep '222
Oct '222
Nov '223
Dec '221
Jan '232
Feb '230
Mar '231
Apr '231
May '230
Jun '233
Jul '234
Aug '231
Sep '230
Oct '232
Nov '230
Dec '231
Jan '241
Feb '240
Mar '240
Apr '240
May '241
Jun '241
Jul '240
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

APX: Enterprise Software is the largest displayed sector by deal count (23 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.

APX: Enterprise Software is the largest displayed sector by deal count (23 deals). All available history
SectorDeals
Enterprise Software23
AI & Machine Learning13
Transportation & Logistics9
Networks, Cloud & Communication9
Fintech9
Data, Analytics & IT8
Health & Life Sciences7
E-Commerce & Retail4
Space & Frontier Tech4
Education & Workforce3
Consumer & Lifestyle2
Manufacturing2
Food & Agriculture2
Gaming & eSports2
Professional Services2
Clean Energy & Sustainability1
Marketing & Advertising1
Hardware & Robotics1
Media & Entertainment1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

APX: 47 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.

APX: 47 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M41
$5M-$10M3
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

APX: Europe has the largest recorded deal count among the displayed regions (41 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

APX: Europe has the largest recorded deal count among the displayed regions (41 deals). All available history
RegionDeals
Europe41
United States4
605991
Brazil1
APX: 20 co-investors are shown, with Fuel Ventures sharing 5 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.

APX: 20 co-investors are shown, with Fuel Ventures sharing 5 recorded deals. All available history
Co-investorShared deals
Fuel Ventures5
FoodLabs4
High-Tech Grunderfonds3
Big Sur Ventures2
CEAS Investments2
Collective Ventures2
Geek Ventures2
IBB Ventures2
Indico Capital Partners2
Investitions- und F dernbank Hamburg IFB2
Lifeline Ventures2
Metavallon VC2
Plug and Play Ventures2
1818 Venture Capital1
20VC1
468 Capital1
Ascension1
Ascension Ventures1
Atlas Ventures1
Atomico1

Investment Strategy

APX: Led accounts for 6% and participating for 94% of round participation.All available history.
APX: Led accounts for 6% and participating for 94% of round participation. All available history
CategoryDeals (count)Share (%)
Led36%
Participating4494%
APX: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
APX: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead133%
Co-led267%

Team

Henric Hungerhoff

Managing Director

Joerg Rheinboldt

Managing Director

Luka Dremelj

Mentor

Theodore Kim

Head of Venture Development and Investor

Tobias Bauer

Mentor