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The Venture Codex

Overview

European seed fund investing in early-stage tech companies.

Founded

2017

Deals ยท 12mo

12

Stage focus

Seed
Series A

Geographic focus

France
United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

146rounds
NAMEDATESIZE
Vocca
Oct 2026Participated
$20 MSeries A
StandardX
Sep 2026Participated
$13 MSeed
Benford
Sep 2026Led
$6 MSeed
Neno
Aug 2026Participated
$8 MSeed
Intropy
Jul 2026Participated
$11 MSeed
Frontier Health
Jun 2026Participated
$16 MSeed
CodeWords
May 2026Participated
$9 MSeed
Unleash
Mar 2026Participated
$35 MSeries B
Fair.xyz
Feb 2026Participated
$5 MSeed
Corvera
Jan 2026Led
$2 MOther Equity
Sequence
Dec 2025Participated
$20 MSeries A
ClaimSorted
Oct 2025Participated
$13 MSeed
Vocca
Oct 2026Participated
$20 MSeries A
StandardX
Sep 2026Participated
$13 MSeed
Benford
Sep 2026Led
$6 MSeed
Neno
Aug 2026Participated
$8 MSeed
Intropy
Jul 2026Participated
$11 MSeed
Frontier Health
Jun 2026Participated
$16 MSeed
CodeWords
May 2026Participated
$9 MSeed
Unleash
Mar 2026Participated
$35 MSeries B
Fair.xyz
Feb 2026Participated
$5 MSeed
Corvera
Jan 2026Led
$2 MOther Equity
Sequence
Dec 2025Participated
$20 MSeries A
ClaimSorted
Oct 2025Participated
$13 MSeed
146
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Insights

Time horizon

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Deal Distribution

Firstminute Capital: 146 funding rounds are recorded in the selected participation categories.All available history.
Firstminute Capital: 146 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed2653
Series A133
Series B06
Series C+02
Other Equity916

Monthly Deal Activity

Firstminute Capital: 146 deals are recorded across 109 months.All available history.
Firstminute Capital: 146 deals are recorded across 109 months. All available history
MonthDeals
Oct '171
Nov '171
Dec '170
Jan '180
Feb '182
Mar '181
Apr '181
May '180
Jun '180
Jul '181
Aug '180
Sep '180
Oct '182
Nov '182
Dec '182
Jan '191
Feb '191
Mar '191
Apr '190
May '192
Jun '190
Jul '190
Aug '192
Sep '190
Oct '191
Nov '192
Dec '191
Jan '200
Feb '200
Mar '203
Apr '200
May '202
Jun '201
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '201
Jan '210
Feb '212
Mar '211
Apr '212
May '211
Jun '216
Jul '212
Aug '211
Sep '211
Oct '214
Nov '214
Dec '214
Jan '220
Feb '222
Mar '224
Apr '222
May '222
Jun '226
Jul '224
Aug '222
Sep '224
Oct '222
Nov '222
Dec '221
Jan '230
Feb '231
Mar '231
Apr '231
May '230
Jun '231
Jul '233
Aug '231
Sep '230
Oct '231
Nov '232
Dec '231
Jan '240
Feb '241
Mar '241
Apr '240
May '241
Jun '242
Jul '241
Aug '240
Sep '242
Oct '243
Nov '240
Dec '242
Jan '253
Feb '252
Mar '250
Apr '254
May '253
Jun '252
Jul '250
Aug '250
Sep '253
Oct '252
Nov '250
Dec '251
Jan '261
Feb '261
Mar '261
Apr '260
May '261
Jun '261
Jul '261
Aug '261
Sep '262
Oct '261

Sector Breakdown

Firstminute Capital: Enterprise Software is the largest displayed sector by deal count (54 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.

Firstminute Capital: Enterprise Software is the largest displayed sector by deal count (54 deals). All available history
SectorDeals
Enterprise Software54
AI & Machine Learning40
Fintech30
Networks, Cloud & Communication28
Professional Services18
Health & Life Sciences17
Hardware & Robotics13
E-Commerce & Retail12
Consumer & Lifestyle11
Transportation & Logistics10
Media & Entertainment10
Crypto & Blockchain9
Developer Tools9
Clean Energy & Sustainability8
Real Estate & Construction8
Cybersecurity & Privacy7
Data, Analytics & IT7
Education & Workforce6
Gaming & eSports6
Food & Agriculture5
Travel & Hospitality4
Space & Frontier Tech4
Marketing & Advertising3
Manufacturing3
AR/VR2
Government & Defense1

Deal Size Distribution

Firstminute Capital: 146 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.

Firstminute Capital: 146 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M46
$5M-$10M46
$10M-$25M41
$25M-$50M6
$50M-$100M6
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Firstminute Capital: Europe has the largest recorded deal count among the displayed regions (87 deals).All available history.

Top 10 of 11 regions; European countries are grouped as Europe.

Firstminute Capital: Europe has the largest recorded deal count among the displayed regions (87 deals). All available history
RegionDeals
Europe87
United States45
South Africa4
Kenya3
Egypt1
China1
Wales, United Kingdom1
Brazil1
Israel1
Pakistan1
Firstminute Capital: 20 co-investors are shown, with FJ Labs sharing 9 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

Firstminute Capital: Led accounts for 25% and participating for 75% of round participation.All available history.
Firstminute Capital: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led3625%
Participating11075%
Firstminute Capital: Single-lead accounts for 42% and co-led for 58% of lead dynamics.All available history.
Firstminute Capital: Single-lead accounts for 42% and co-led for 58% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1542%
Co-led2158%

Team

Alexander Erikstrup

Entrepreneur in Residence

Amar Shah

Entrepreneur in Residence

Arek Wylegalski

Venture Partner

Brent Hoberman

Co-Founder & General Partner

Lina Wenner

Principal

Spencer Crawley

Co-Founder & General Partner