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The Venture Codex

Heartfelt

Zimmerstraße 50, Berlin, 10888, Germany

Overview

Early-stage venture capital supporting pre-seed startups.

Deals · 12mo

21

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Germany
Italy
Lithuania
United Kingdom

Sector focus

—

Investment portfolio

46rounds
NAMEDATESIZE
Cori Clinical
Oct 2026Participated
$4 MSeed
Computis
Oct 2026Participated
$2 MSeed
Cato AI
Sep 2026Participated
$7 MSeed
TaiSan
Jul 2026Participated
$6 MSeed
Zelara
Jun 2026Participated
$3 MSeed
ManaMind
Apr 2026Participated
$2 MSeed
DOJO AI
Apr 2026Participated
$6 MSeed
VisioLab
Apr 2026Participated
$11 MSeries A
Cato AI
Apr 2026Participated
$2 MSeed
Graftcode
Apr 2026Participated
$2 MOther Equity
Waving
Mar 2026Participated
$3 MSeed
Superapp
Mar 2026Participated
$2 MSeed
Cori Clinical
Oct 2026Participated
$4 MSeed
Computis
Oct 2026Participated
$2 MSeed
Cato AI
Sep 2026Participated
$7 MSeed
TaiSan
Jul 2026Participated
$6 MSeed
Zelara
Jun 2026Participated
$3 MSeed
ManaMind
Apr 2026Participated
$2 MSeed
DOJO AI
Apr 2026Participated
$6 MSeed
VisioLab
Apr 2026Participated
$11 MSeries A
Cato AI
Apr 2026Participated
$2 MSeed
Graftcode
Apr 2026Participated
$2 MOther Equity
Waving
Mar 2026Participated
$3 MSeed
Superapp
Mar 2026Participated
$2 MSeed
46
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Insights

Time horizon

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Deal Distribution

Heartfelt: 46 funding rounds are recorded in the selected participation categories.All available history.
Heartfelt: 46 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed337
Series A01
Other Equity05

Monthly Deal Activity

Heartfelt: 46 deals are recorded across 40 months.All available history.
Heartfelt: 46 deals are recorded across 40 months. All available history
MonthDeals
Jul '231
Aug '230
Sep '230
Oct '232
Nov '232
Dec '231
Jan '240
Feb '243
Mar '240
Apr '240
May '241
Jun '241
Jul '242
Aug '242
Sep '242
Oct '241
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '251
May '252
Jun '251
Jul '251
Aug '251
Sep '250
Oct '252
Nov '252
Dec '252
Jan '260
Feb '263
Mar '262
Apr '265
May '260
Jun '261
Jul '261
Aug '260
Sep '261
Oct '262

Sector Breakdown

Heartfelt: AI & Machine Learning is the largest displayed sector by deal count (18 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.

Heartfelt: AI & Machine Learning is the largest displayed sector by deal count (18 deals). All available history
SectorDeals
AI & Machine Learning18
Enterprise Software15
Networks, Cloud & Communication8
Health & Life Sciences8
Data, Analytics & IT6
Transportation & Logistics6
Professional Services6
Fintech5
Consumer & Lifestyle4
E-Commerce & Retail3
Clean Energy & Sustainability3
Manufacturing3
Developer Tools3
Education & Workforce2
Cybersecurity & Privacy2
Hardware & Robotics2
Marketing & Advertising2
Crypto & Blockchain2
Social & Community Platforms2
Travel & Hospitality1
Real Estate & Construction1
Space & Frontier Tech1
Media & Entertainment1
Food & Agriculture1
Gaming & eSports1

Deal Size Distribution

Heartfelt: 46 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.

Heartfelt: 46 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M40
$5M-$10M5
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Heartfelt: Europe has the largest recorded deal count among the displayed regions (42 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Heartfelt: Europe has the largest recorded deal count among the displayed regions (42 deals). All available history
RegionDeals
Europe42
United States2
Brazil1
Indonesia1
Heartfelt: 20 co-investors are shown, with Firstpick sharing 4 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.

Heartfelt: 20 co-investors are shown, with Firstpick sharing 4 recorded deals. All available history
Co-investorShared deals
Firstpick4
Vento4
B-Heroes3
BADideas.fund3
Exceptional Ventures3
2100 Ventures2
Abac Nest2
Alecla72
Antler2
APY Ventures2
BackBone Ventures2
btov Partners2
EIT InnoEnergy2
Exergon2
Fondo Bolsa Social2
Fuel Ventures2
Innovate UK2
Italian Founders Fund2
Moonstone2
P3A Ventures2

Investment Strategy

Heartfelt: Led accounts for 7% and participating for 93% of round participation.All available history.
Heartfelt: Led accounts for 7% and participating for 93% of round participation. All available history
CategoryDeals (count)Share (%)
Led37%
Participating4393%
Heartfelt: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Heartfelt: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead133%
Co-led267%

Team

Joerg Rheinboldt

General Partner

Laurent Kaestli

Coach/Mentor

Onur Can

Investor