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The Venture Codex

Overview

Venture capital firm investing in post-revenue startups and venture debt.

Founded

1972

Deals · 12mo

1

Stage focus

Series A

Geographic focus

Germany

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

24rounds
NAMEDATESIZE
SPiNE
Apr 2026Led
$4 MSeries A
DcubeD
Aug 2024Led
$5 MSeries A
StoryBox
Jun 2024Participated
$6 MSeries A
ChargeOne
Jun 2023Led
$6 MOther Equity
4.screen
Apr 2023Participated
$23 MSeries A
AlfaDocs
Mar 2023Participated
$2 MOther Equity
iThera Medical
Dec 2022Participated
$14 MOther Equity
NavVis
Dec 2021Participated
$2 MOther Equity
bao
Aug 2021Participated
$3 MSeed
Rebike Mobility
Mar 2021Led
$12 MSeries B
Loyalty Prime
Mar 2020Participated
$6 MSeries B
Plasmion
Feb 2019Participated
$1 MOther Equity
SPiNE
Apr 2026Led
$4 MSeries A
DcubeD
Aug 2024Led
$5 MSeries A
StoryBox
Jun 2024Participated
$6 MSeries A
ChargeOne
Jun 2023Led
$6 MOther Equity
4.screen
Apr 2023Participated
$23 MSeries A
AlfaDocs
Mar 2023Participated
$2 MOther Equity
iThera Medical
Dec 2022Participated
$14 MOther Equity
NavVis
Dec 2021Participated
$2 MOther Equity
bao
Aug 2021Participated
$3 MSeed
Rebike Mobility
Mar 2021Led
$12 MSeries B
Loyalty Prime
Mar 2020Participated
$6 MSeries B
Plasmion
Feb 2019Participated
$1 MOther Equity
24
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

BayBG: 24 funding rounds are recorded in the selected participation categories.All available history.
BayBG: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A22
Series B12
Series C+01
Other Equity213

Monthly Deal Activity

BayBG: 24 deals are recorded across 216 months.All available history.
BayBG: 24 deals are recorded across 216 months. All available history
MonthDeals
Nov '081
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '101
Jul '100
Aug '100
Sep '100
Oct '100
Nov '101
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '111
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '131
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 '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '151
Nov '150
Dec '151
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 '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '172
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '181
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '211
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '231
Apr '231
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '241
Sep '240
Oct '240
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 '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

BayBG: Networks, Cloud & Communication is the largest displayed sector by deal count (7 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.

BayBG: Networks, Cloud & Communication is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Networks, Cloud & Communication7
Enterprise Software6
AR/VR5
Hardware & Robotics5
Manufacturing5
Clean Energy & Sustainability4
Transportation & Logistics4
Health & Life Sciences4
Professional Services3
Marketing & Advertising2
Education & Workforce1
E-Commerce & Retail1
Real Estate & Construction1
Space & Frontier Tech1
Consumer & Lifestyle1
Fintech1
Media & Entertainment1
Social & Community Platforms1

Deal Size Distribution

BayBG: 24 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.

BayBG: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M8
$10M-$25M5
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

BayBG: Europe has the largest recorded deal count among the displayed regions (22 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

BayBG: Europe has the largest recorded deal count among the displayed regions (22 deals). All available history
RegionDeals
Europe22
Indonesia1
Colombia1
BayBG: 20 co-investors are shown, with High-Tech Grunderfonds sharing 6 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

BayBG: Led accounts for 21% and participating for 79% of round participation.All available history.
BayBG: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led521%
Participating1979%
BayBG: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
BayBG: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead360%
Co-led240%

Team

Alexander Ullmann

Senior Investment Manager

Alois Ganter

Investment Manager

Andreas Heubl

Investment Manager

Lukas Biberacher

Senior Investment Manager Venture Capital

Marcus Gulder

Head of Venture CapitalCapital

Peter Graf

Investment Manager

Peter Pauli

Managing Director

Ruth Diringer

Investment Manager