The Venture Codex Logo

The Venture Codex

Backtrace

Kaiser-Ludwig-Platz 1, Munich, 80336, Germany

Overview

Pre-seed/seed fund for essential technology building blocks.

Founded

2024

Deals · 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

France
United States

Sector focus

—

Investment portfolio

2rounds
NAMEDATESIZE
Commutator Studios
Jul 2025Led
$2 MOther Equity
KERYS Software
Jul 2025Participated
$7 MSeed
Commutator Studios
Jul 2025Led
$2 MOther Equity
KERYS Software
Jul 2025Participated
$7 MSeed
2
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Backtrace: 2 funding rounds are recorded in the selected participation categories.All available history.
Backtrace: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Other Equity10

Monthly Deal Activity

Backtrace: 2 deals are recorded across 16 months.All available history.
Backtrace: 2 deals are recorded across 16 months. All available history
MonthDeals
Jul '252
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Backtrace: Enterprise Software is the largest displayed sector by deal count (1 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.

Backtrace: Enterprise Software is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Enterprise Software1
Developer Tools1

Deal Size Distribution

Backtrace: 2 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.

Backtrace: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Backtrace: Europe has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Backtrace: Europe has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
Europe2
Backtrace: 5 co-investors are shown, with Daphni sharing 1 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.

Backtrace: 5 co-investors are shown, with Daphni sharing 1 recorded deals. All available history
Co-investorShared deals
Daphni1
HBG1
Kima Ventures1
Preston-Werner Ventures1
Seedcamp1

Investment Strategy

Backtrace: Led accounts for 50% and participating for 50% of round participation.All available history.
Backtrace: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led150%
Participating150%
Backtrace: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Backtrace: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Dominik Tobschall

Founder & Partner

Michael Münnix

Founder & Partner