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The Venture Codex

henQ

Herengracht 124, Amsterdam, Noord-Holland, 1015 BT, The Netherlands

Overview

We back the best European founders with €1M-€10M tickets. We like any early stage B2B software business that is simply a little different, whether your market is considered “too boring” by some, your business model a little atypical, or your founder-passion bordering on obsession.

Total investments
44
Lead investments
19
Investments · 12mo
0
Active investors
6

Sector focus

  • B2B
  • Enterprise Applications
  • Enterprise Software
  • FinTech
  • Information Technology
  • Internet
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Investment portfolio

  • Tanso

    Led · Series A · Aug 2025

    Tanso offers integrated sustainability software for carbon accounting and ESG data management, enabling structured data collection, accurate calculations, and targeted optimization. The platform is supported by AI-powered data management and provides intelligent recommendations. It helps mid-sized industrial companies comply with regulatory requirements such as CSRD, VSME, GHG, and ISO 14064. Headquartered in Munich and founded in 2021, Tanso serves more than 300 customers across 40+ countries, including Kärcher, Duravit, and the Paulaner Group. The company plans to use new funding to grow its team, expand into international markets, and develop additional modules for supply chain, compliance, and risk management. Tanso raised €12.0M in a Series A in August 2025 to support these initiatives. Tanso sells the Tanso Climate Intelligence Suite, an ISO-compliant software platform that helps industrial manufacturers calculate, manage and reduce carbon emissions at both company and product levels. Its core corporate carbon footprint (CCF) module supports continuous Scope 1–3 accounting with smart imports from ERP and logistics systems and an emissions calculation engine. The startup launched the Climate Intelligence Suite last fall and is developing product carbon footprint (PCF) tooling, including a simple PCF calculator being launched with VDMA after a 60+ company beta. Customers number in double digits and the team is about 20 people, with plans to hire specialists in life cycle assessment and data analytics. Tanso is focused on modularizing its product to support targeted CCF and PCF workflows and to add a supplier engagement module to ease data exchange. The company says the product is aimed at medium-sized manufacturers in industries such as automotive, machine manufacturing and steel production, and is preparing for growing demand driven by expanding EU sustainability reporting rules. Tanso is developing a data management platform that automates capture, storage and reporting of sustainability metrics specifically for industrial manufacturers. The product aims to generate audit-ready sustainability reports and provide traceability and transparency required by upcoming regulations. The team is still in R&D and is working with several manufacturers to identify scalable, productizable workflows for automated data gathering. Tanso raised financing to fund product development and bring a verified, scalable offering to market ahead of tightening regulatory deadlines. The company emphasizes accuracy, validation and database-level integrations to avoid shallow or misleading solutions in the market. It is positioning the product to meet requirements such as the EU CSRD and U.K. SECR and to support customers as reporting becomes auditable and a C-suite responsibility.

  • Tomorro

    Participated · Equity · Mar 2025

    Tomorro is a French start-up offering an AI-powered contract management platform used by clients including Veja, Nestlé and Ingenico. Its flagship AI assistant, Oro, launched in 2024 to help businesses analyze and process contract data instantly, supporting contract generation, editing, summarization, translation and data extraction. The company raised €25M in a funding round led by XAnge and Acton Capital, with participation from Adelie, Founders Future and previous investors HenQ, Resonance and Motier Venture. Tomorro plans to use the investment to accelerate expansion across Europe, beginning with opening a German office. In 2025 it intends to recruit a full sales, marketing and customer team while consolidating staff in France. The funding will also support further development of its AI and broader expansion efforts.

  • Kanpla

    Led · Series A · Nov 2024

    Kanpla is a Danish SaaS company that provides a digital platform for contract catering in workplaces and educational institutions. Its platform lets canteens view menus with CO2 emissions and nutritional information, make purchases, collect loyalty points, and gather customer feedback. In less than two years Kanpla expanded from Denmark to 10 countries across Europe, including Scandinavia, the UK and Benelux. The company currently has a team of 45 and expects to double its workforce over the next year to support growth. Management says the business aims to position itself as the global technology leader in contract catering and to help chefs save time while reducing food waste and improving customer experience. Kanpla raised an €8M Series A to fund its planned international expansion across Europe and the United States. Kanpla provides a two-sided canteen platform: an "operating system" for kitchens to create digital menus, handle payments, collect sales data and manage operations, and a mobile/web app for diners to preorder meals. The platform includes features to sell surplus food as takeaways and a food-waste registration tool (currently in beta) that aggregates waste data and requires weighing discarded food. Kanpla initially targeted school canteens and has broadened to serve corporate and industrial canteens, counting customers such as Maersk, Carlsberg and providers Coor and Cheval Blanc. In 2022 its software was used in about 1,500 canteens, and the company expects to triple that number in the referenced year as it expands into more European markets. Kanpla plans geographic expansion beyond Denmark into the U.K., Norway and the Netherlands in 2023, with intentions to enter the U.S. and additional European markets the following year. The company was founded in 2019 and is led by CEO and co-founder Peter Bæch.

  • Modash

    Led · Series A · Oct 2024

    Modash provides brands with an end-to-end platform to discover niche creators from a catalogue it says lists 250 million creators, run campaigns, analyze performance and manage payments. The startup scrapes open data (unless creators opt out) to surface smaller, more engaged creators rather than focusing on large followings. It monetizes via subscription tiers starting at $199 per month up to custom enterprise plans. Modash has enterprise and launch customers including Bolt and an Estonian agency, and counts brands like Farfetch among the types of clients it targets. The team scaled from about 25 people early in the year to roughly 60, with a hiring cap of 99 next year and roughly 40–50% of staff remaining in Estonia. Product roadmap priorities include AI-enabled discovery features, recruiting customer-facing roles in North America, and international expansion with a greater focus on e-commerce ahead of a planned Series B.

  • imagino

    Participated · Series A · Jun 2024

    imagino is a revenue-first customer experience platform built around a Customer Data Platform (CDP) that enriches customer understanding from acquisition to reengagement. The company provides clear, actionable insights to improve the ROI of marketing campaigns and integrate value into existing systems. imagino has deployed early generative AI functionality—an AI Copywriter—and is investing in further generative and predictive AI features. The business already serves more than 60 brands in France and the UK. The company plans to accelerate growth in the UK, launch in the US this year, and scale hiring to support expansion. imagino was founded in 2017 and is headquartered in Paris; its founding team previously built and sold Neolane to Adobe for $600 million.

Team