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The Venture Codex

Hg

2 More London Riverside, London, SE1 2AP, United Kingdom

Overview

Private equity firm investing in software and services businesses.

Founded

2000

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series B

Geographic focus

Australia
Belgium
Germany
Norway
...

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

9rounds
NAMEDATESIZE
Rightsline
May 2026Led
$500 MOther Equity
Diamant Software
Nov 2025Led
$25 MOther Equity
IFS
Apr 2025Participated
$3.5 BOther Equity
CUBE
Mar 2024Led
$12 MOther Equity
Visma
Dec 2023Participated
$1.1 BOther Equity
Access Group
Jun 2022Led
$1.3 BOther Equity
insightsoftware
Jul 2021Led
$1.0 BOther Equity
Silverfin
Jun 2020Led
$30 MSeries B
Fe3 Medical
Mar 2016Participated
$11 MSeries B
Rightsline
May 2026Led
$500 MOther Equity
Diamant Software
Nov 2025Led
$25 MOther Equity
IFS
Apr 2025Participated
$3.5 BOther Equity
CUBE
Mar 2024Led
$12 MOther Equity
Visma
Dec 2023Participated
$1.1 BOther Equity
Access Group
Jun 2022Led
$1.3 BOther Equity
insightsoftware
Jul 2021Led
$1.0 BOther Equity
Silverfin
Jun 2020Led
$30 MSeries B
Fe3 Medical
Mar 2016Participated
$11 MSeries B
9
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Hg: 9 funding rounds are recorded in the selected participation categories.All available history.
Hg: 9 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B11
Other Equity52

Monthly Deal Activity

Hg: 9 deals are recorded across 128 months.All available history.
Hg: 9 deals are recorded across 128 months. All available history
MonthDeals
Mar '161
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
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 '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Hg: Professional Services is the largest displayed sector by deal count (5 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.

Hg: Professional Services is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Professional Services5
Fintech4
Enterprise Software4
Hardware & Robotics2
AI & Machine Learning2
Education & Workforce1
Manufacturing1
Health & Life Sciences1
Data, Analytics & IT1
Transportation & Logistics1

Deal Size Distribution

Hg: 9 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.

Hg: 9 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M3
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B1
$1B+4

Deals By Geography

Hg: Europe has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Hg: Europe has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Europe5
United States3
Australia1
Hg: 16 co-investors are shown, with TA Associates sharing 2 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.

Hg: 16 co-investors are shown, with TA Associates sharing 2 recorded deals. All available history
Co-investorShared deals
TA Associates2
Abu Dhabi Investment Authority1
Altaroc1
Canada Pension Plan Investment Board1
EQT1
GIC1
InCube Ventures1
Intermediate Capital Group1
Jane Street1
Jianmin Pharmaceuticals1
Klass Capital1
NYC Retirement System1
Ping An Ventures1
Salem Partners1
TPG1
Visma1

Investment Strategy

Hg: Led accounts for 67% and participating for 33% of round participation.All available history.
Hg: Led accounts for 67% and participating for 33% of round participation. All available history
CategoryDeals (count)Share (%)
Led667%
Participating333%
Hg: Single-lead accounts for 83% and co-led for 17% of lead dynamics.All available history.
Hg: Single-lead accounts for 83% and co-led for 17% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead583%
Co-led117%

Team

Alexandre Flavier

Partner

Annie Wei
Benedikt Joeris
Caroline Lofgren

Head of Responsible Investment

Christopher Fielding

Partner

Conor Stewart
David Issott

Partner

David Toms

Director of Research

Farouk Hussein
Frances Jacobs

Chief Investment Officer

Louis Kinsella

Director

Nic Humphries

Senior Partner

Nick Jordan

Partner

Nick Luckock

Partner

Tom Eckersley

Head of Marketing and Communication