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The Venture Codex

Overview

Early-stage venture capital investor in tech startups from Emerging Europe.

Founded

2013

Deals · 12mo

6

Stage focus

Seed
Series A
Series B

Geographic focus

Estonia
Germany
Turkey
United Kingdom
...

Sector focus

Business Development
Finance
Financial Services
Venture Capital

Investment portfolio

19rounds
NAMEDATESIZE
FintechOS
Sep 2026Participated
$28 MOther Equity
Capsa AI
Jun 2026Participated
$18 MSeries A
Viktor
May 2026Participated
$75 MSeries A
Grand Games
May 2026Participated
$70 MSeries B
Interloom Technologies
Mar 2026Participated
$17 MSeed
VitVio
Oct 2025Led
$8 MSeed
Midas
Aug 2025Participated
$80 MSeries B
Lace AI
Apr 2025Led
$14 MSeed
Grand Games
Jan 2025Participated
$30 MSeries A
VitVio
Jan 2025Participated
$2 MSeed
Draftwise
Mar 2024Participated
$20 MSeries A
Edge Delta
May 2022Participated
$63 MSeries B
FintechOS
Sep 2026Participated
$28 MOther Equity
Capsa AI
Jun 2026Participated
$18 MSeries A
Viktor
May 2026Participated
$75 MSeries A
Grand Games
May 2026Participated
$70 MSeries B
Interloom Technologies
Mar 2026Participated
$17 MSeed
VitVio
Oct 2025Led
$8 MSeed
Midas
Aug 2025Participated
$80 MSeries B
Lace AI
Apr 2025Led
$14 MSeed
Grand Games
Jan 2025Participated
$30 MSeries A
VitVio
Jan 2025Participated
$2 MSeed
Draftwise
Mar 2024Participated
$20 MSeries A
Edge Delta
May 2022Participated
$63 MSeries B
19
Items
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Insights

Time horizon

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Deal Distribution

Earlybird Digital East: 19 funding rounds are recorded in the selected participation categories.All available history.
Earlybird Digital East: 19 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed44
Series A06
Series B04
Other Equity01

Monthly Deal Activity

Earlybird Digital East: 19 deals are recorded across 67 months.All available history.
Earlybird Digital East: 19 deals are recorded across 67 months. All available history
MonthDeals
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '212
Nov '212
Dec '210
Jan '220
Feb '222
Mar '220
Apr '220
May '221
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 '252
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '262
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Earlybird Digital East: Enterprise Software 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.

Earlybird Digital East: Enterprise Software is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Enterprise Software10
AI & Machine Learning7
Networks, Cloud & Communication4
Fintech3
Developer Tools3
Travel & Hospitality2
Cybersecurity & Privacy2
Media & Entertainment2
Health & Life Sciences2
Gaming & eSports2
Professional Services2
E-Commerce & Retail1
Real Estate & Construction1
Data, Analytics & IT1
Hardware & Robotics1

Deal Size Distribution

Earlybird Digital East: 19 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.

Earlybird Digital East: 19 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M2
$10M-$25M8
$25M-$50M2
$50M-$100M4
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Earlybird Digital East: Europe has the largest recorded deal count among the displayed regions (9 deals).All available history.

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

Earlybird Digital East: Europe has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Europe9
United States8
Turkiye2
Earlybird Digital East: 20 co-investors are shown, with QED Investors 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

Earlybird Digital East: Led accounts for 21% and participating for 79% of round participation.All available history.
Earlybird Digital East: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led421%
Participating1579%
Earlybird Digital East: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Earlybird Digital East: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead375%
Co-led125%

Team

Arda Kirkagac

Senior Associate

Baturay Kaya

Principal

Cem Sertoglu

Managing Partner

Mehmet Atici

Managing Partner

Oguzhan Ozer

Principal

Selin Anil

Senior Analyst