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The Venture Codex

Overview

Accelerator focused on physical devices and IoT startups.

Founded

2018

Deals · 12mo

1

Stage focus

Seed

Geographic focus

Estonia
Finland
Latvia

Sector focus

Consulting
Hardware
Incubators
Internet of Things
...

Investment portfolio

5rounds
NAMEDATESIZE
Wisby
Aug 2026Led
$0.29 MOther Equity
Cellbox Labs
Mar 2024Led
$1 MSeed
Naco
Mar 2022Led
$2 MSeed
asya.ai
Feb 2019Participated
$0.14 MSeed
Solu
Aug 2015Participated
$1 MSeed
Wisby
Aug 2026Led
$0.29 MOther Equity
Cellbox Labs
Mar 2024Led
$1 MSeed
Naco
Mar 2022Led
$2 MSeed
asya.ai
Feb 2019Participated
$0.14 MSeed
Solu
Aug 2015Participated
$1 MSeed
5
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

BuildIt: 5 funding rounds are recorded in the selected participation categories.All available history.
BuildIt: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed22
Other Equity10

Monthly Deal Activity

BuildIt: 5 deals are recorded across 135 months.All available history.
BuildIt: 5 deals are recorded across 135 months. All available history
MonthDeals
Aug '151
Sep '150
Oct '150
Nov '150
Dec '150
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 '170
Aug '170
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 '180
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 '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
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 '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
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Aug '250
Sep '250
Oct '250
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Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

BuildIt: Enterprise Software is the largest displayed sector by deal count (3 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.

BuildIt: Enterprise Software is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Enterprise Software3
Manufacturing2
Marketing & Advertising1
Hardware & Robotics1
Media & Entertainment1
E-Commerce & Retail1
AI & Machine Learning1
Food & Agriculture1
Clean Energy & Sustainability1
Professional Services1
Space & Frontier Tech1
Transportation & Logistics1

Deal Size Distribution

BuildIt: 5 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.

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

Deals By Geography

BuildIt: Europe has the largest recorded deal count among the displayed regions (5 deals).All available history.

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

BuildIt: Europe has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Europe5
BuildIt: 5 co-investors are shown, with ASP Asset Management AIFP 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.

BuildIt: 5 co-investors are shown, with ASP Asset Management AIFP sharing 1 recorded deals. All available history
Co-investorShared deals
ASP Asset Management AIFP1
Change Ventures1
EstBAN1
KSV Finland1
Untitled Ventures1

Investment Strategy

BuildIt: Led accounts for 60% and participating for 40% of round participation.All available history.
BuildIt: Led accounts for 60% and participating for 40% of round participation. All available history
CategoryDeals (count)Share (%)
Led360%
Participating240%
BuildIt: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
BuildIt: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Aleksander Tõnnisson

Co-Founder, Managing Partner

Matiss Neimanis

CEO, Managing Partner

Rene Tõnnisson

Co-Founder, Managing Partner

Rudolfs Neimanis

CFO, Partner