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The Venture Codex

Overview

Investment company empowering Norwegian tech startups for global success.

Founded

2015

Deals · 12mo

1

Stage focus

Series B

Geographic focus

Norway

Sector focus

Finance
Financial Services
Information Technology

Investment portfolio

3rounds
NAMEDATESIZE
Monil
Mar 2026Led
$10 MOther Equity
Airthings
Aug 2025Led
$10 MOther Equity
Hystar
Jan 2023Participated
$26 MSeries B
Monil
Mar 2026Led
$10 MOther Equity
Airthings
Aug 2025Led
$10 MOther Equity
Hystar
Jan 2023Participated
$26 MSeries B
3
Items
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Insights

Time horizon

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Deal Distribution

Firda: 3 funding rounds are recorded in the selected participation categories.All available history.
Firda: 3 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B01
Other Equity20

Monthly Deal Activity

Firda: 3 deals are recorded across 46 months.All available history.
Firda: 3 deals are recorded across 46 months. All available history
MonthDeals
Jan '231
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 '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 '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Firda: Hardware & Robotics is the largest displayed sector by deal count (2 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.

Firda: Hardware & Robotics is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Hardware & Robotics2
Networks, Cloud & Communication1
Government & Defense1
Enterprise Software1
Health & Life Sciences1
Food & Agriculture1
Real Estate & Construction1
Space & Frontier Tech1

Deal Size Distribution

Firda: 3 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.

Firda: 3 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Firda: Europe has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Firda: Europe has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
Europe3
Firda: 7 co-investors are shown, with AP Ventures sharing 1 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.

Firda: 7 co-investors are shown, with AP Ventures sharing 1 recorded deals. All available history
Co-investorShared deals
AP Ventures1
Finindus1
Hillhouse Capital Group1
Mitsubishi Corporation1
Nippon Steel Trading1
SINTEF Ventures1
Trustbridge Partners1

Investment Strategy

Firda: Led accounts for 67% and participating for 33% of round participation.All available history.
Firda: Led accounts for 67% and participating for 33% of round participation. All available history
CategoryDeals (count)Share (%)
Led267%
Participating133%
Firda: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Firda: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2100%
Co-led00%

Team