The Venture Codex

Led · Series B · May 2026

Founded in 2021, RemotePass provides a single platform for hiring, paying, and supporting workers across borders, covering EOR, contractor management, payroll, and compliance. The company has built an embedded fintech layer that offers workers access to USD accounts, global cards, and health insurance, and in late 2025 launched SpendCards to integrate corporate expense cards into its payroll and payments stack. RemotePass has also rolled out AI agents to automate workflows across onboarding, compliance, and support. The business scaled to more than 35,000 workers in 150+ countries and has facilitated over $800 million in cross-border payroll while reaching profitability in early 2025. After becoming profitable, RemotePass elected to reinvest in expansion and product depth, targeting growth in Europe and the US and deeper financial and compliance capabilities. Customers named in the company release include Logitech, Tata Group, InDrive, and Careem.

Led · Seed · Jan 2025

Axoflow offers an automatic security data curation pipeline that discovers, classifies, parses, normalizes, and enriches security data from a broad array of sources. The platform is designed to eliminate manual, code-heavy data wrangling and includes built-in alerting and monitoring to prevent invisible data loss. Axoflow emphasizes data quality over quantity and says its pipeline can reduce security data volume by more than 50%, producing cost savings and better inputs for detection, response, AI, and compliance. The team is led by Balázs Scheidler, creator of the syslog-ng open-source project, and leverages that expertise to handle sources such as syslog. Axoflow says it is already trusted by large enterprise customers and supports deployments in cloud, on-prem, and airgapped environments. The company plans to use new funding to accelerate product development and strengthen its market presence. Axoflow provides a cloud-based platform to collect, curate and manage observability data across on-premise and cloud environments, leveraging syslog-ng as a core part of its stack. The product structures and transforms machine data, preserves contextual metadata, processes data at the edge, and stores/inspects data before collection to reduce collection and storage costs. Security and compliance are built in, with encryption in motion and at rest, retention of original data, and role-based access control with region policies. The platform aims to optimize the full observability data lifecycle and resolve common formatting and enrichment needs so downstream consumers get data in the right format. The company plans to finalize proofs of concept, onboard flagship customers, and target becoming a category definer within the next 12–18 months, according to an investor quoted in the article. Financially, Axoflow has moved from a modest $28K start to raising multiple rounds of support that have enabled product development and customer rollout.

Participated · Equity · Nov 2024

Brightpick is a Bratislava-founded warehouse automation company, now headquartered near Cincinnati, Ohio, that builds AI robots to automate order picking, consolidation, dispatch and stock replenishment. Founded in 2021 as a spin-off of Photoneo, Brightpick's flagship Autopicker is the only mobile robot that robotically picks and consolidates orders directly in warehouse aisles. The company has over 200 employees and more than 300 AI robots deployed across the US and Europe, and counts customers such as Rohlik Group, Dr. Max, and The Feed. Brightpick's solution can be deployed in weeks and is designed to minimize fulfillment labor. Photoneo has invested over $35 million in Brightpick to date, and total funding now stands at $47 million after the latest raise. The company is focused on scaling in the US, which it expects will generate 50% of its revenue in 2024, and plans to use the new funds to support additional customer installations there. Photoneo Brightpick Group develops robotic vision sensors and intelligence software, and operates a Brightpick business unit offering warehouse automation for e-commerce and grocery order fulfilment. Brightpick's end-to-end robotic solution autonomously picks, consolidates, and dispatches orders across large, small, and micro fulfilment centres. The company says its solution can reduce picking labour by 95% and cut order fulfilment costs by half. Brightpick has been rolling out deployments in Europe, including with Rohlik Group, and the company plans to scale the solution in the US. Photoneo Brightpick Group has more than 300 employees and is used in over 5,000 technology installations across the US, Europe, and Asia. Clients include General Motors, Volkswagen, and KUKA, and the US accounts for approximately 25% of the group's revenue.

Led · Series A · Nov 2024

Miros builds AI-powered image-analysis software that profiles individuals' tastes to improve product discovery and conversion in e-commerce. Its visual search recognizes shopping patterns and mirrors users' wishes to help shoppers find intended items even when words fail. The company counts partnerships with SAP, Nvidia, and PwC and is targeting European and US retailers. Miros operates a team of 25 across Tallinn, London, and Lisbon and is actively expanding in the US through partnerships and hiring. The firm aims to cut product search time to under 60 seconds and make discovery more intuitive. Miros will use the funding to enhance R&D, further develop the technology, and expand market reach; to date it has raised €8M.

Led · Series B · Sep 2024

Paymob offers an omnichannel payment gateway supporting over 50 payment methods, including wallets, cards, BNPL and QR, and serves more than 350,000 merchants across five MENA countries. The company has expanded from Egypt and Pakistan into Oman, Saudi Arabia and the UAE while building products such as an SMB app, embedded checkouts, lending and advanced settlements. Paymob has focused on cross-selling additional services to increase average revenue per merchant and partners with platforms like Shopify and Tabby to improve margins. It reported a $5 billion total payment volume and 120 million transactions in 2020, though updated TPV and transaction figures were not disclosed. The fintech became profitable in Egypt in Q2 of this year, with revenues in Egypt growing sixfold since mid-2022, while it remains unprofitable in its other markets. Paymob employs just over 1,000 people and continues pushing expansion and product development to capture faster-growing digital payment adoption in the Gulf. Paymob provides tech-driven payment channels aimed at reducing costs for SME merchants. The company’s product focuses on enabling more efficient, technology-enabled payments to improve economic opportunities for owners and employees of small businesses. British International Investment says its funding will support Paymob’s growth and the scaling of its payment solutions. Paymob is domiciled in the Netherlands and the investment delivers impact in Egypt, Pakistan and Saudi Arabia. BII committed $5m in April 2022 as an equity investment to support the company’s expansion. An Environmental and Social Action Plan (ESAP) was agreed with Paymob, focusing on updating HR policies and developing a safeguarding policy. Paymob offers a payment gateway with APIs for online merchants, a POS solution for in‑store card acceptance, and payment links for mobile‑wallet transactions. The platform processes a large share of Egypt’s mobile‑wallet volume — the company says it handles 85% of such transactions — and claims to be the country’s largest payment facilitator. Paymob serves more than 35,000 local and international merchants and reported over $5 billion in total payment volume; monthly revenue grew more than 5x last year. The company is present in Egypt, Kenya, Pakistan and Palestine and plans regional expansion with an imminent entry into Saudi Arabia, then wider Sub‑Saharan rollouts after focusing on the GCC. Post‑raise, Paymob intends to expand its merchant network, meet increasing demand and enhance its product offerings.