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The Venture Codex

Overview

Venture capital firm investing in early-stage Ukrainian tech startups.

Founded

2023

Deals ยท 12mo

1

Stage focus

Seed

Geographic focus

Estonia
Ukraine

Sector focus

Artificial Intelligence (AI)
Cyber Security
Hardware
Information Technology
...

Investment portfolio

2rounds
NAMEDATESIZE
Himera
Dec 2025Led
$3 MSeed
Teletactica
Jul 2025Participated
$2 MOther Equity
Himera
Dec 2025Led
$3 MSeed
Teletactica
Jul 2025Participated
$2 MOther Equity
2
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Green Flag Ventures: 2 funding rounds are recorded in the selected participation categories.All available history.
Green Flag Ventures: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Other Equity01

Monthly Deal Activity

Green Flag Ventures: 2 deals are recorded across 16 months.All available history.
Green Flag Ventures: 2 deals are recorded across 16 months. All available history
MonthDeals
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Green Flag 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.

Green Flag Ventures: Hardware & Robotics is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Hardware & Robotics2
Manufacturing1

Deal Size Distribution

Green Flag Ventures: 2 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.

Green Flag Ventures: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Green Flag Ventures: Europe has the largest recorded deal count among the displayed regions (2 deals).All available history.

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

Green Flag Ventures: Europe has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
Europe2
Green Flag Ventures: 9 co-investors are shown, with Big Defence 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.

Green Flag Ventures: 9 co-investors are shown, with Big Defence sharing 1 recorded deals. All available history
Co-investorShared deals
Big Defence1
Bulava Capital1
Freedom Fund Venture Capital1
MITS Capital1
Nezlamni1
UA1 VC1
United Angels Network1
Varangians1
VYTACH1

Investment Strategy

Green Flag Ventures: Led accounts for 50% and participating for 50% of round participation.All available history.
Green Flag Ventures: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led150%
Participating150%
Green Flag Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Green Flag Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

Deborah Fairlamb

Founding Partner

Justin Zeefe

Founding Partner