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The Venture Codex

Overview

Investment company financing innovative metal value chain businesses.

Founded

1926

Deals · 12mo

2

Stage focus

Series A
Series B

Geographic focus

Belgium
Canada
France
Germany
...

Sector focus

Venture Capital

Investment portfolio

17rounds
NAMEDATESIZE
Ventory
May 2026Participated
$3 MOther Equity
Immaterial
Oct 2025Participated
$18 MSeries A
MagREEsource
Sep 2025Participated
$27 MOther Equity
HyperHeat
Nov 2024Participated
$4 MOther Equity
Fortius Metals
Oct 2024Participated
$2 MSeed
Ventory
Sep 2024Led
$2 MSeed
Power to Hydrogen
Aug 2024Participated
$18 MSeries A
Ionomr
Dec 2023Participated
$20 MSeries A
Kraftblock
Aug 2023Participated
$22 MSeries B
Tau Group
Feb 2023Participated
$10 MSeries B
Tau
Feb 2023Participated
$10 MOther Equity
Viking Analytics AB
Jan 2023Led
$3 MSeries A
Ventory
May 2026Participated
$3 MOther Equity
Immaterial
Oct 2025Participated
$18 MSeries A
MagREEsource
Sep 2025Participated
$27 MOther Equity
HyperHeat
Nov 2024Participated
$4 MOther Equity
Fortius Metals
Oct 2024Participated
$2 MSeed
Ventory
Sep 2024Led
$2 MSeed
Power to Hydrogen
Aug 2024Participated
$18 MSeries A
Ionomr
Dec 2023Participated
$20 MSeries A
Kraftblock
Aug 2023Participated
$22 MSeries B
Tau Group
Feb 2023Participated
$10 MSeries B
Tau
Feb 2023Participated
$10 MOther Equity
Viking Analytics AB
Jan 2023Led
$3 MSeries A
17
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Insights

Time horizon

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Deal Distribution

Finindus: 17 funding rounds are recorded in the selected participation categories.All available history.
Finindus: 17 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A25
Series B03
Other Equity05

Monthly Deal Activity

Finindus: 17 deals are recorded across 64 months.All available history.
Finindus: 17 deals are recorded across 64 months. All available history
MonthDeals
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '220
Mar '221
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '232
Feb '232
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '241
Oct '241
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Finindus: Clean Energy & Sustainability is the largest displayed sector by deal count (8 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.

Finindus: Clean Energy & Sustainability is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Clean Energy & Sustainability8
Space & Frontier Tech6
Manufacturing5
Hardware & Robotics2
Enterprise Software2
Cybersecurity & Privacy2
AI & Machine Learning2
Professional Services2
Real Estate & Construction2
E-Commerce & Retail1
Data, Analytics & IT1
Transportation & Logistics1

Deal Size Distribution

Finindus: 17 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.

Finindus: 17 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M3
$10M-$25M6
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Finindus: Europe has the largest recorded deal count among the displayed regions (13 deals).All available history.

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

Finindus: Europe has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
Europe13
Canada2
United States2
Finindus: 20 co-investors are shown, with Shell Ventures 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

Finindus: Led accounts for 18% and participating for 82% of round participation.All available history.
Finindus: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led318%
Participating1482%
Finindus: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Finindus: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led3100%

Team

Dirk De Boever

Head of Investments

Hans Maenhout

Investment Director