The Venture Codex Logo

The Venture Codex

Course Corrected

Artillerigatan 25, Stockholm, Stockholms Lan, 114 45, Sweden

Overview

Climate-focused venture capital fund.

Founded

2021

Deals · 12mo

7

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Finland
Sweden

Sector focus

—

Investment portfolio

11rounds
NAMEDATESIZE
Tavion
Sep 2026Participated
$53 MOther Equity
eComID
Aug 2026Participated
$17 MSeed
Hyperion Robotics
Jul 2026Led
$7 MOther Equity
Tavion
Apr 2026Participated
$62 MDebt
Renasens
Mar 2026Participated
$12 MSeed
Skye
Dec 2025Participated
$11 MSeed
PaperShell
Dec 2025Participated
$16 MOther Equity
Engrate
Jun 2025Participated
$3 MSeed
Cosmic Aerospace
Feb 2024Participated
$5 MSeed
Modvion
Feb 2023Participated
$12 MOther Equity
Petgood
Feb 2022Participated
$2 MOther Equity
Tavion
Sep 2026Participated
$53 MOther Equity
eComID
Aug 2026Participated
$17 MSeed
Hyperion Robotics
Jul 2026Led
$7 MOther Equity
Tavion
Apr 2026Participated
$62 MDebt
Renasens
Mar 2026Participated
$12 MSeed
Skye
Dec 2025Participated
$11 MSeed
PaperShell
Dec 2025Participated
$16 MOther Equity
Engrate
Jun 2025Participated
$3 MSeed
Cosmic Aerospace
Feb 2024Participated
$5 MSeed
Modvion
Feb 2023Participated
$12 MOther Equity
Petgood
Feb 2022Participated
$2 MOther Equity
11
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Deal Distribution

Course Corrected: 11 funding rounds are recorded in the selected participation categories.All available history.
Course Corrected: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed05
Other Equity14
Debt01

Monthly Deal Activity

Course Corrected: 11 deals are recorded across 57 months.All available history.
Course Corrected: 11 deals are recorded across 57 months. All available history
MonthDeals
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
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
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '252
Jan '260
Feb '260
Mar '261
Apr '261
May '260
Jun '260
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

Course Corrected: Clean Energy & Sustainability is the largest displayed sector by deal count (10 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.

Course Corrected: Clean Energy & Sustainability is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Clean Energy & Sustainability10
Manufacturing4
Space & Frontier Tech3
Networks, Cloud & Communication2
E-Commerce & Retail2
AI & Machine Learning2
Consumer & Lifestyle2
Hardware & Robotics1
Enterprise Software1
Food & Agriculture1
Professional Services1
Real Estate & Construction1
Transportation & Logistics1

Deal Size Distribution

Course Corrected: 11 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.

Course Corrected: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M1
$10M-$25M5
$25M-$50M0
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Course Corrected: Europe has the largest recorded deal count among the displayed regions (8 deals).All available history.

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

Course Corrected: Europe has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
Europe8
United States2
801111
Course Corrected: 20 co-investors are shown, with BackingMinds sharing 2 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.

Course Corrected: 20 co-investors are shown, with BackingMinds sharing 2 recorded deals. All available history
Co-investorShared deals
BackingMinds2
Aera VC1
Almi Invest1
byFounders1
CapitalT1
Carrick Family Office1
Civitus1
DNB Asset Management1
EIC Fund1
Emblem1
European Commission1
Eviny Ventures1
Extantia1
Fifty Years1
H&M Group1
Illusian1
Kistefos1
Leitmotif1
Lifeline Ventures1
Maniv Mobility1

Investment Strategy

Course Corrected: Led accounts for 9% and participating for 91% of round participation.All available history.
Course Corrected: Led accounts for 9% and participating for 91% of round participation. All available history
CategoryDeals (count)Share (%)
Led19%
Participating1091%
Course Corrected: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Course Corrected: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Christine Ahlstrand

Founder and General Partner

Katja Bergman

Co-Founder, General Partner