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The Venture Codex

Overview

Investment company providing growth capital to innovative businesses.

Deals · 12mo

4

Stage focus

Seed

Geographic focus

Ukraine

Sector focus

Banking
Business Development
Venture Capital

Investment portfolio

4rounds
NAMEDATESIZE
Trinity Robotics
Jul 2026Participated
$0.57 MSeed
Molfar
Jun 2026Led
$2 MOther Equity
Black Forest Systems
Mar 2026Led
$0.40 MOther Equity
Aeromotors
Dec 2025Led
$0.55 MOther Equity
Trinity Robotics
Jul 2026Participated
$0.57 MSeed
Molfar
Jun 2026Led
$2 MOther Equity
Black Forest Systems
Mar 2026Led
$0.40 MOther Equity
Aeromotors
Dec 2025Led
$0.55 MOther Equity
4
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Front Ventures: 4 funding rounds are recorded in the selected participation categories.All available history.
Front Ventures: 4 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Other Equity30

Monthly Deal Activity

Front Ventures: 4 deals are recorded across 11 months.All available history.
Front Ventures: 4 deals are recorded across 11 months. All available history
MonthDeals
Dec '251
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Front Ventures: 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.

Front Ventures: Hardware & Robotics is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Hardware & Robotics2
Government & Defense2
Space & Frontier Tech2
Transportation & Logistics2
Manufacturing1
Clean Energy & Sustainability1

Deal Size Distribution

Front Ventures: 4 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.

Front Ventures: 4 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Front Ventures: Europe has the largest recorded deal count among the displayed regions (4 deals).All available history.

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

Front Ventures: Europe has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
Europe4
Front Ventures: 2 co-investors are shown, with Hede Capital Partners 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.

Front Ventures: 2 co-investors are shown, with Hede Capital Partners sharing 2 recorded deals. All available history
Co-investorShared deals
Hede Capital Partners2
Defence Builder Fund I1

Investment Strategy

Front Ventures: Led accounts for 75% and participating for 25% of round participation.All available history.
Front Ventures: Led accounts for 75% and participating for 25% of round participation. All available history
CategoryDeals (count)Share (%)
Led375%
Participating125%
Front Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Front Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Annica Näslund

Chief Marketing Officer

Johan Lund

Founder & CEO

Nazar Shestopalov

The Head of the Lviv Office