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The Venture Codex

Overview

Invests in rapidly growing European internet and software companies.

Founded

2012

Deals · 12mo

9

Stage focus

Series B
Series C

Geographic focus

Finland
France
Germany
United Kingdom
...

Sector focus

Finance
Financial Services
FinTech
Venture Capital

Investment portfolio

109rounds
NAMEDATESIZE
Adaptyv Biosystems
Aug 2026Led
$40 MSeries A
Alice AI
Aug 2026Participated
$140 MOther Equity
Wordsmith AI
Aug 2026Participated
$14 MSeries B
Wordsmith AI
Jun 2026Participated
$70 MSeries B
Unframe
Jun 2026Led
$50 MSeries B
9fin
Mar 2026Participated
$170 MSeries C
Cellular Origins
Dec 2025Participated
$40 MSeries A
Titan OS
Dec 2025Led
$58 MSeries A
Ecorobotix
Oct 2025Led
$105 MSeries D
n8n
Oct 2025Participated
$180 MSeries C
Signal AI
Sep 2025Participated
$165 MOther Equity
Nothing
Sep 2025Participated
$200 MSeries C
Adaptyv Biosystems
Aug 2026Led
$40 MSeries A
Alice AI
Aug 2026Participated
$140 MOther Equity
Wordsmith AI
Aug 2026Participated
$14 MSeries B
Wordsmith AI
Jun 2026Participated
$70 MSeries B
Unframe
Jun 2026Led
$50 MSeries B
9fin
Mar 2026Participated
$170 MSeries C
Cellular Origins
Dec 2025Participated
$40 MSeries A
Titan OS
Dec 2025Led
$58 MSeries A
Ecorobotix
Oct 2025Led
$105 MSeries D
n8n
Oct 2025Participated
$180 MSeries C
Signal AI
Sep 2025Participated
$165 MOther Equity
Nothing
Sep 2025Participated
$200 MSeries C
109
Items
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Insights

Time horizon

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Deal Distribution

Highland Europe: 109 funding rounds are recorded in the selected participation categories.All available history.
Highland Europe: 109 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A82
Series B196
Series C+1117
Other Equity2818

Monthly Deal Activity

Highland Europe: 109 deals are recorded across 166 months.All available history.
Highland Europe: 109 deals are recorded across 166 months. All available history
MonthDeals
Jan '132
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '132
Oct '130
Nov '130
Dec '130
Jan '141
Feb '141
Mar '140
Apr '140
May '141
Jun '140
Jul '143
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '150
Feb '152
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '151
Oct '153
Nov '151
Dec '150
Jan '161
Feb '160
Mar '163
Apr '162
May '160
Jun '162
Jul '160
Aug '161
Sep '160
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '171
Jun '170
Jul '170
Aug '170
Sep '171
Oct '171
Nov '171
Dec '170
Jan '181
Feb '180
Mar '180
Apr '181
May '181
Jun '180
Jul '180
Aug '181
Sep '180
Oct '181
Nov '181
Dec '183
Jan '192
Feb '190
Mar '190
Apr '190
May '190
Jun '192
Jul '190
Aug '191
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '203
Jun '202
Jul '202
Aug '202
Sep '201
Oct '201
Nov '200
Dec '200
Jan '211
Feb '213
Mar '211
Apr '211
May '210
Jun '211
Jul '212
Aug '211
Sep '211
Oct '210
Nov '211
Dec '211
Jan '222
Feb '222
Mar '224
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '221
Dec '221
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '232
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '252
Feb '250
Mar '251
Apr '250
May '250
Jun '252
Jul '250
Aug '250
Sep '252
Oct '252
Nov '250
Dec '252
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '262
Jul '260
Aug '263
Sep '260
Oct '260

Sector Breakdown

Highland Europe: Enterprise Software is the largest displayed sector by deal count (47 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.

Highland Europe: Enterprise Software is the largest displayed sector by deal count (47 deals). All available history
SectorDeals
Enterprise Software47
Data, Analytics & IT26
Networks, Cloud & Communication26
AI & Machine Learning22
E-Commerce & Retail20
Professional Services19
Consumer & Lifestyle18
Fintech14
Marketing & Advertising13
Health & Life Sciences12
Hardware & Robotics11
Cybersecurity & Privacy9
Media & Entertainment7
Social & Community Platforms6
Travel & Hospitality5
Real Estate & Construction5
Clean Energy & Sustainability4
Food & Agriculture4
Developer Tools4
Government & Defense3
Space & Frontier Tech3
Transportation & Logistics3
Education & Workforce1
Manufacturing1
Gaming & eSports1

Deal Size Distribution

Highland Europe: 109 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.

Highland Europe: 109 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M31
$25M-$50M30
$50M-$100M27
$100M-$250M18
$250M-$500M1
$500M-$1B1
$1B+0

Deals By Geography

Highland Europe: Europe has the largest recorded deal count among the displayed regions (93 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Highland Europe: Europe has the largest recorded deal count among the displayed regions (93 deals). All available history
RegionDeals
Europe93
United States13
Israel1
750091
Canada1
Highland Europe: 20 co-investors are shown, with 83North sharing 5 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

Highland Europe: Led accounts for 61% and participating for 39% of round participation.All available history.
Highland Europe: Led accounts for 61% and participating for 39% of round participation. All available history
CategoryDeals (count)Share (%)
Led6661%
Participating4339%
Highland Europe: Single-lead accounts for 82% and co-led for 18% of lead dynamics.All available history.
Highland Europe: Single-lead accounts for 82% and co-led for 18% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead5482%
Co-led1218%

Team

Fergal Mullen

co-founder and partner

Gajan Rajanathan

General Partner

Irena Goldenberg

General Partner

Jean Tardy-Joubert

General Partner

Laurence Garrett

General Partner

Sam Brooks

Partner