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The Venture Codex

Overview

First-money and incubation investor partnering with visionary founders.

Founded

2012

Deals · 12mo

2

Stage focus

Seed

Geographic focus

Denmark
Germany
United States

Sector focus

Business Development
Financial Services
Venture Capital

Investment portfolio

22rounds
NAMEDATESIZE
Monid
Sep 2026Participated
$2 MSeed
Motley
Nov 2025Participated
$2 MSeed
Propane
Aug 2025Participated
$1 MSeed
DreamPark
May 2025Participated
$1 MSeed
Sibill
Jun 2024Participated
$7 MOther Equity
EXO Biologics
Apr 2024Participated
$17 MSeries A
Scenario
Jan 2023Participated
$6 MSeed
All Gravy
Oct 2022Led
$3 MSeed
Gym Class
Aug 2022Participated
$8 MSeed
Wonderway
Dec 2021Participated
$3 MSeed
Pleo
Dec 2021Participated
$200 MSeries C
Pleo
Jul 2021Participated
$150 MSeries C
Monid
Sep 2026Participated
$2 MSeed
Motley
Nov 2025Participated
$2 MSeed
Propane
Aug 2025Participated
$1 MSeed
DreamPark
May 2025Participated
$1 MSeed
Sibill
Jun 2024Participated
$7 MOther Equity
EXO Biologics
Apr 2024Participated
$17 MSeries A
Scenario
Jan 2023Participated
$6 MSeed
All Gravy
Oct 2022Led
$3 MSeed
Gym Class
Aug 2022Participated
$8 MSeed
Wonderway
Dec 2021Participated
$3 MSeed
Pleo
Dec 2021Participated
$200 MSeries C
Pleo
Jul 2021Participated
$150 MSeries C
22
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Insights

Time horizon

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Deal Distribution

Founders: 22 funding rounds are recorded in the selected participation categories.All available history.
Founders: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed38
Series A02
Series B11
Series C+02
Other Equity23

Monthly Deal Activity

Founders: 22 deals are recorded across 122 months.All available history.
Founders: 22 deals are recorded across 122 months. All available history
MonthDeals
Sep '161
Oct '161
Nov '160
Dec '160
Jan '170
Feb '171
Mar '170
Apr '170
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '212
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '221
Nov '220
Dec '220
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 '241
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Founders: Fintech is the largest displayed sector by deal count (11 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.

Founders: Fintech is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Fintech11
Enterprise Software5
AI & Machine Learning4
E-Commerce & Retail3
Networks, Cloud & Communication3
Professional Services3
Government & Defense2
AR/VR2
Real Estate & Construction2
Health & Life Sciences2
Travel & Hospitality1
Education & Workforce1
Transportation & Logistics1
Consumer & Lifestyle1
Marketing & Advertising1
Media & Entertainment1
Gaming & eSports1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Founders: 22 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.

Founders: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M5
$10M-$25M3
$25M-$50M1
$50M-$100M1
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Founders: Europe has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Founders: Europe has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
Europe18
United States4
Founders: 20 co-investors are shown, with Creandum sharing 5 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

Founders: Led accounts for 27% and participating for 73% of round participation.All available history.
Founders: Led accounts for 27% and participating for 73% of round participation. All available history
CategoryDeals (count)Share (%)
Led627%
Participating1673%
Founders: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Founders: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead350%
Co-led350%

Team

Joshua Karjala-Svendsen

Co-Founder & Head of Technology

Peter Heering

Co-Founder

Sarah Gill

Brand & Community Building

Sebastian Stockmarr

Partner & Head of Design

Simon Sylvest

Co-Founder

Stefano Zorzi

Co-Founder

Ulrik Trolle

Co-Founder