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The Venture Codex

Overview

Private equity firm specializing in growth capital and buy-and-build.

Founded

1997

Deals · 12mo

0

Stage focus

Seed
Series A

Geographic focus

France
Germany
Jamaica
Kenya
...

Sector focus

Venture Capital

Investment portfolio

14rounds
NAMEDATESIZE
MazaoHub
Sep 2025Participated
$2 MSeed
Ilara Health
Feb 2024Led
$4 MSeries A
Victory Farms
Apr 2023Participated
$35 MSeries B
Power
Feb 2023Led
$3 MSeed
Kwara
Jan 2023Participated
$3 MSeed
Kwara
Dec 2021Participated
$4 MSeed
Zembo
Nov 2021Participated
$3 MOther Equity
Twiga
Nov 2021Participated
$50 MSeries C
Twiga Foods
Nov 2021Participated
$50 MSeries C
Ilara Health
Dec 2020Participated
$4 MSeries A
Twiga Foods
Nov 2018Participated
$10 MOther Equity
Twiga Foods
Aug 2017Participated
$10 MOther Equity
MazaoHub
Sep 2025Participated
$2 MSeed
Ilara Health
Feb 2024Led
$4 MSeries A
Victory Farms
Apr 2023Participated
$35 MSeries B
Power
Feb 2023Led
$3 MSeed
Kwara
Jan 2023Participated
$3 MSeed
Kwara
Dec 2021Participated
$4 MSeed
Zembo
Nov 2021Participated
$3 MOther Equity
Twiga
Nov 2021Participated
$50 MSeries C
Twiga Foods
Nov 2021Participated
$50 MSeries C
Ilara Health
Dec 2020Participated
$4 MSeries A
Twiga Foods
Nov 2018Participated
$10 MOther Equity
Twiga Foods
Aug 2017Participated
$10 MOther Equity
14
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Insights

Time horizon

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Deal Distribution

DOB Equity: 14 funding rounds are recorded in the selected participation categories.All available history.
DOB Equity: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed13
Series A21
Series B01
Series C+02
Other Equity04

Monthly Deal Activity

DOB Equity: 14 deals are recorded across 118 months.All available history.
DOB Equity: 14 deals are recorded across 118 months. All available history
MonthDeals
Jan '171
Feb '170
Mar '171
Apr '170
May '170
Jun '170
Jul '170
Aug '171
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 '181
Dec '180
Jan '190
Feb '190
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 '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '213
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 '220
Jan '231
Feb '231
Mar '230
Apr '231
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 '250
Jul '250
Aug '250
Sep '251
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

DOB Equity: Food & Agriculture is the largest displayed sector by deal count (5 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.

DOB Equity: Food & Agriculture is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Food & Agriculture5
E-Commerce & Retail3
Health & Life Sciences2
Transportation & Logistics2
Marketing & Advertising1
Fintech1
Manufacturing1
Clean Energy & Sustainability1
Real Estate & Construction1

Deal Size Distribution

DOB Equity: 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.

DOB Equity: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M0
$10M-$25M2
$25M-$50M1
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

DOB Equity: Kenya has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

DOB Equity: Kenya has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
Kenya8
Europe3
Russian Federation1
Jamaica1
Tanzania1
DOB Equity: 20 co-investors are shown, with TLcom Capital sharing 4 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

DOB Equity: Led accounts for 21% and participating for 79% of round participation.All available history.
DOB Equity: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led321%
Participating1179%
DOB Equity: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
DOB Equity: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3100%
Co-led00%

Team

Hayo Afman

Co-CEO & Portfolio Director

Ralph Jansen

Investment Manager

Saskia van der Mast

Investment Manager

Toine Huijbers

Co-CEO & CFO