The Venture Codex

Led · Seed · Jan 2026

Founded in 2020 out of Dublin City University, Luna Systems builds vision-based Advanced Rider Assistance Systems that combine rear- and forward-facing cameras with on-device AI to deliver collision warnings, blind-spot detection, headway monitoring and post-ride incident mapping for bicycles and motorcycles. The company initially deployed its technology on shared e-scooters, but pivoted to consumer cycling and OEM integrations after the scooter market contracted. Its first consumer rear-camera product will launch later this year, while a dual-camera system for bike and motorcycle manufacturers is slated for 2026. Luna’s platform processes video at the edge, blurring faces and licence plates to preserve privacy while interpreting risk in real time. Future features include “reverse blind-spot” detection to warn riders when they are hidden from surrounding vehicles. The company targets commuter, enthusiast and cargo-bike segments first, using direct-to-consumer sales to gather data and iterate before scaling through OEM partnerships. The recent €1.5 million financing extends hardware development and supports European distribution, but no revenue or user figures have been disclosed.

Participated · Equity · Jan 2026

reTyre is a Norwegian deep-tech startup that has spent more than a decade developing a patented injection-moulding process that makes bicycle tyres in fully automated, clean-room conditions. The technology cuts CO₂ emissions by up to 80 percent, generates no production dust, and produces tyres that are completely recyclable at end of life. Its modular micro-factory concept allows tyre manufacturing to be located next to bicycle OEM assembly lines, reducing shipping distances and costs while improving supply-chain resilience. The company is moving from advanced development to scaled manufacturing, installing its first fully automated production cell in Norway and planning a second facility in Asia in 2026. Beyond the utility segment it already serves, reTyre is entering high-performance utility tyres through a co-development partnership with global leader Vittoria. Management cites a large existing order book and a clear path to profitability, an uncommon position for hardware-heavy climate ventures. The firm was founded by Paul Magne Amundsen together with Sigmund Andenes and Alexander Gjørven.

Participated · Series B · Nov 2025

Blubrake is an Italian deep-tech company focused on bringing automotive-grade anti-lock braking technology to the e-bike market. Its proprietary ABS unit is designed for deep integration into e-bike frames and electronics, giving manufacturers a compact, high-performance safety module that improves braking control and reduces accidents. Over several years the team has advanced the hardware and software toward mass production. The company now intends to use fresh capital to scale industrial output, expand production capacity, and accelerate global market penetration. CEO Fabio Todeschini emphasizes the system’s performance advantages over conventional braking solutions, positioning Blubrake as a leading supplier of safety-critical e-bike components. With the latest financing, the Series B round totals €14.5 million, providing the resources needed for the next growth phase.

Led · Equity · Sep 2024

Specter manufactures speed pedelecs and hand-assembles all bikes in East Flanders, Belgium. The company offers four models, including long-range variants with up to 170 kilometres of range, dual-wheel drive, and high combined power output for longer journeys. Specter develops the majority of its components in-house and currently sells in Belgium, the Netherlands and Switzerland. With a €2 million capital injection, the company plans to expand its distribution network across Europe and is considering the United States. Management says it will continue to invest in R&D and expand its product range, supported by new partners and industry advisors.

Led · Equity · Sep 2024

Specter builds hand‑assembled speed pedelecs in East Flanders, Belgium, offering four models including long‑range variants with up to 170 km range, dual‑wheel drive, and high combined power output. The company recently raised a €2 million capital injection to support expansion. Specter plans to strengthen and deepen its distribution network across Europe and is considering entry into the United States. Management says the funds will be used to continue investing in R&D and to expand the product range. Today Specter operates in Belgium, the Netherlands, and Switzerland and will leverage new partners and advisors to grow distribution beyond its current markets.