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The Venture Codex

Overview

Investment firm focusing on early-stage Nordic and Baltic tech companies.

Founded

2018

Deals · 12mo

4

Stage focus

Seed

Geographic focus

Estonia
Finland
Portugal
Sweden
...

Sector focus

—

Investment portfolio

13rounds
NAMEDATESIZE
Comparables.ai
Oct 2026Participated
$6 MSeed
Enginio
Jun 2026Participated
$3 MOther Equity
SensorFu
Apr 2026Participated
$2 MOther Equity
Dashboa
Nov 2025Participated
$2 MOther Equity
Serviceform
Nov 2024Participated
$3 MOther Equity
DealGuru
Feb 2024Led
$0.97 MOther Equity
Statzon
Dec 2022Participated
$0.42 MSeed
Jungle AI
Sep 2022Participated
$5 MSeries A
UPSY
Apr 2022Led
$1 MSeed
Upsy Company
Apr 2022Led
$1 MSeed
Statzon
Jan 2022Participated
$0.40 MSeed
Montonio
Jul 2020Participated
$0.58 MSeed
Comparables.ai
Oct 2026Participated
$6 MSeed
Enginio
Jun 2026Participated
$3 MOther Equity
SensorFu
Apr 2026Participated
$2 MOther Equity
Dashboa
Nov 2025Participated
$2 MOther Equity
Serviceform
Nov 2024Participated
$3 MOther Equity
DealGuru
Feb 2024Led
$0.97 MOther Equity
Statzon
Dec 2022Participated
$0.42 MSeed
Jungle AI
Sep 2022Participated
$5 MSeries A
UPSY
Apr 2022Led
$1 MSeed
Upsy Company
Apr 2022Led
$1 MSeed
Statzon
Jan 2022Participated
$0.40 MSeed
Montonio
Jul 2020Participated
$0.58 MSeed
13
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Insights

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Deal Distribution

Gorilla Capital: 13 funding rounds are recorded in the selected participation categories.All available history.
Gorilla Capital: 13 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed34
Series A01
Other Equity14

Monthly Deal Activity

Gorilla Capital: 13 deals are recorded across 98 months.All available history.
Gorilla Capital: 13 deals are recorded across 98 months. All available history
MonthDeals
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '220
Mar '220
Apr '222
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '221
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 '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Gorilla Capital: Enterprise Software is the largest displayed sector by deal count (7 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.

Gorilla Capital: Enterprise Software is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Enterprise Software7
Marketing & Advertising6
Networks, Cloud & Communication4
E-Commerce & Retail4
AI & Machine Learning3
Fintech2
Professional Services2
Data, Analytics & IT2
Hardware & Robotics1
Cybersecurity & Privacy1
Health & Life Sciences1
Gaming & eSports1
Clean Energy & Sustainability1

Deal Size Distribution

Gorilla Capital: 13 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.

Gorilla Capital: 13 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Gorilla Capital: Europe has the largest recorded deal count among the displayed regions (12 deals).All available history.

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

Gorilla Capital: Europe has the largest recorded deal count among the displayed regions (12 deals). All available history
RegionDeals
Europe12
United States1
Gorilla Capital: 20 co-investors are shown, with Business Finland sharing 3 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

Gorilla Capital: Led accounts for 31% and participating for 69% of round participation.All available history.
Gorilla Capital: Led accounts for 31% and participating for 69% of round participation. All available history
CategoryDeals (count)Share (%)
Led431%
Participating969%
Gorilla Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Gorilla Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead250%
Co-led250%

Team

Petri Lehmuskoski

Founding Partner

Petter Hattenbach

Venture Partner

Risto Rautakorpi

Managing Partner

Sampo Parkkinen

Venture Partner