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The Venture Codex

Overview

Scale-up stage investor focused on software-enabled businesses in Europe.

Founded

2009

Deals · 12mo

0

Stage focus

Series B

Geographic focus

Canada
France
Germany
United Kingdom
...

Sector focus

Finance
FinTech
Software
Venture Capital

Investment portfolio

29rounds
NAMEDATESIZE
Clue Software
Feb 2024Led
$5 MOther Equity
Oxford Medical Simulation
Jan 2024Led
$13 MSeries A
Modulr
May 2022Participated
$108 MSeries C
Housfy
May 2022Led
$32 MSeries B
Clue Software
Nov 2021Led
$7 MOther Equity
Caspar Health
Jul 2021Led
$11 MOther Equity
Vulog
Jan 2021Participated
$31 MOther Equity
Winningtemp
Oct 2020Led
$18 MSeries B
Modulr
May 2020Participated
$23 MOther Equity
SHE Software
Feb 2020Led
$9 MSeries B
Sellics
Sep 2019Led
$10 MSeries A
McMakler
Jun 2019Participated
$68 MSeries C
Clue Software
Feb 2024Led
$5 MOther Equity
Oxford Medical Simulation
Jan 2024Led
$13 MSeries A
Modulr
May 2022Participated
$108 MSeries C
Housfy
May 2022Led
$32 MSeries B
Clue Software
Nov 2021Led
$7 MOther Equity
Caspar Health
Jul 2021Led
$11 MOther Equity
Vulog
Jan 2021Participated
$31 MOther Equity
Winningtemp
Oct 2020Led
$18 MSeries B
Modulr
May 2020Participated
$23 MOther Equity
SHE Software
Feb 2020Led
$9 MSeries B
Sellics
Sep 2019Led
$10 MSeries A
McMakler
Jun 2019Participated
$68 MSeries C
29
Items
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Insights

Time horizon

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Deal Distribution

Frog Capital: 29 funding rounds are recorded in the selected participation categories.All available history.
Frog Capital: 29 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A22
Series B42
Series C+13
Other Equity87

Monthly Deal Activity

Frog Capital: 29 deals are recorded across 206 months.All available history.
Frog Capital: 29 deals are recorded across 206 months. All available history
MonthDeals
Sep '091
Oct '090
Nov '090
Dec '090
Jan '101
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '111
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '121
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '131
Nov '130
Dec '130
Jan '140
Feb '143
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '151
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '161
Jul '160
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '171
Mar '170
Apr '170
May '171
Jun '170
Jul '170
Aug '171
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '191
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '211
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '222
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '241
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 '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Frog Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (9 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.

Frog Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Networks, Cloud & Communication9
E-Commerce & Retail8
Marketing & Advertising7
Real Estate & Construction6
Fintech6
Enterprise Software4
Data, Analytics & IT4
Social & Community Platforms3
Education & Workforce2
Transportation & Logistics2
Consumer & Lifestyle2
Media & Entertainment2
Health & Life Sciences2
Food & Agriculture2
Professional Services2
Government & Defense1
Clean Energy & Sustainability1
AI & Machine Learning1

Deal Size Distribution

Frog Capital: 29 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.

Frog Capital: 29 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M5
$10M-$25M14
$25M-$50M3
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Frog Capital: Europe has the largest recorded deal count among the displayed regions (25 deals).All available history.

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

Frog Capital: Europe has the largest recorded deal count among the displayed regions (25 deals). All available history
RegionDeals
Europe25
United States2
Canada2
Frog Capital: 20 co-investors are shown, with Blenheim Chalcot sharing 2 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

Frog Capital: Led accounts for 52% and participating for 48% of round participation.All available history.
Frog Capital: Led accounts for 52% and participating for 48% of round participation. All available history
CategoryDeals (count)Share (%)
Led1552%
Participating1448%
Frog Capital: Single-lead accounts for 93% and co-led for 7% of lead dynamics.All available history.
Frog Capital: Single-lead accounts for 93% and co-led for 7% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1493%
Co-led17%

Team

James Bagan

Operating Partner

Jens Düing

Senior Partner

Mike Reid

Founder & Senior Partner

Steven Dunne

Senior Partner, CFO and head of portfolio

Sue Hunter

Non-Executive Director

Susie Meier

Investor