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The Venture Codex

Overview

Boutique VC supporting B2C businesses from seed to Series A.

Founded

2019

Deals ยท 12mo

1

Stage focus

Series A

Geographic focus

Belgium
The Netherlands

Sector focus

Consumer
Consumer Goods
Consumer Software
E-Commerce
...

Investment portfolio

3rounds
NAMEDATESIZE
Runeasi
Feb 2026Participated
$1 MOther Equity
GoFluo
Aug 2025Participated
$2 MOther Equity
Levenue
Nov 2023Participated
$9 MSeries A
Runeasi
Feb 2026Participated
$1 MOther Equity
GoFluo
Aug 2025Participated
$2 MOther Equity
Levenue
Nov 2023Participated
$9 MSeries A
3
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Freshmen Fund: 3 funding rounds are recorded in the selected participation categories.All available history.
Freshmen Fund: 3 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A01
Other Equity02

Monthly Deal Activity

Freshmen Fund: 3 deals are recorded across 36 months.All available history.
Freshmen Fund: 3 deals are recorded across 36 months. All available history
MonthDeals
Nov '231
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 '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Freshmen Fund: E-Commerce & Retail 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.

Freshmen Fund: E-Commerce & Retail is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
E-Commerce & Retail2
Consumer & Lifestyle2
Hardware & Robotics1
Fintech1
Manufacturing1
Health & Life Sciences1

Deal Size Distribution

Freshmen Fund: 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.

Freshmen Fund: 3 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Freshmen Fund: 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.

Freshmen Fund: Europe has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
Europe3
Freshmen Fund: 7 co-investors are shown, with BNP Paribas Fortis Private Equity 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.

Freshmen Fund: 7 co-investors are shown, with BNP Paribas Fortis Private Equity sharing 1 recorded deals. All available history
Co-investorShared deals
BNP Paribas Fortis Private Equity1
Business Angels Network Flanders1
Gemma Frisius Fund1
KBC1
PMV1
Smarter Ventures1
Truffle Capital1

Investment Strategy

Freshmen Fund: Led accounts for 0% and participating for 100% of round participation.All available history.
Freshmen Fund: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating3100%
Freshmen Fund: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Freshmen Fund: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Hendrik Winkelmans

Founder and Managing Partner

Steven Spittaels

Business Management