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The Venture Codex

Overview

Investor and company builder for digital real estate and construction.

Founded

2017

Deals · 12mo

1

Stage focus

Seed
Series A

Geographic focus

Germany
Israel
Switzerland

Sector focus

Construction
Real Estate
Smart Building
Venture Capital

Investment portfolio

14rounds
NAMEDATESIZE
Optiml
Feb 2026Participated
$9 MSeed
aedifion
Jun 2025Participated
$20 MSeries B
node.energy
Apr 2025Participated
$18 MSeries B
Green Fusion
Jan 2025Participated
$14 MSeries A
Optiml
Aug 2024Led
$4 MSeed
OKIBO
Apr 2024Led
$8 MOther Equity
aedifion
Jan 2023Participated
$13 MSeries A
alcemy
Sep 2022Participated
$10 MSeries A
Plancraft
Sep 2022Participated
$2 MSeed
node.energy
Aug 2022Led
$7 MSeries A
Plan4 Software
May 2022Participated
$3 MOther Equity
Smino
Sep 2021Led
$3 MSeries A
Optiml
Feb 2026Participated
$9 MSeed
aedifion
Jun 2025Participated
$20 MSeries B
node.energy
Apr 2025Participated
$18 MSeries B
Green Fusion
Jan 2025Participated
$14 MSeries A
Optiml
Aug 2024Led
$4 MSeed
OKIBO
Apr 2024Led
$8 MOther Equity
aedifion
Jan 2023Participated
$13 MSeries A
alcemy
Sep 2022Participated
$10 MSeries A
Plancraft
Sep 2022Participated
$2 MSeed
node.energy
Aug 2022Led
$7 MSeries A
Plan4 Software
May 2022Participated
$3 MOther Equity
Smino
Sep 2021Led
$3 MSeries A
14
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Insights

Time horizon

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Deal Distribution

BitStone Capital: 14 funding rounds are recorded in the selected participation categories.All available history.
BitStone Capital: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed23
Series A23
Series B02
Other Equity11

Monthly Deal Activity

BitStone Capital: 14 deals are recorded across 65 months.All available history.
BitStone Capital: 14 deals are recorded across 65 months. All available history
MonthDeals
Jun '211
Jul '210
Aug '210
Sep '212
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '221
Sep '222
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '251
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

BitStone Capital: Real Estate & Construction 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.

BitStone Capital: Real Estate & Construction is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Real Estate & Construction7
Enterprise Software6
Clean Energy & Sustainability6
Networks, Cloud & Communication2
Professional Services2
Hardware & Robotics1
Manufacturing1
Space & Frontier Tech1
Social & Community Platforms1

Deal Size Distribution

BitStone Capital: 14 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.

BitStone Capital: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M4
$10M-$25M5
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

BitStone Capital: Europe has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

BitStone Capital: Europe has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
Europe13
Israel1
BitStone Capital: 20 co-investors are shown, with High-Tech Grunderfonds sharing 3 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

BitStone Capital: Led accounts for 36% and participating for 64% of round participation.All available history.
BitStone Capital: Led accounts for 36% and participating for 64% of round participation. All available history
CategoryDeals (count)Share (%)
Led536%
Participating964%
BitStone Capital: Single-lead accounts for 80% and co-led for 20% of lead dynamics.All available history.
BitStone Capital: Single-lead accounts for 80% and co-led for 20% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead480%
Co-led120%

Team

Kai Panitzki

Managing Partner & Founder

Manfred Heid

Co-Founder & Managing Partner