The Venture Codex Logo

The Venture Codex

Overview

Venture capital firm investing in fast-growing tech startups.

Founded

2017

Deals · 12mo

5

Stage focus

Seed
Series A

Geographic focus

Estonia
Finland
Sweden

Sector focus

Finance
Venture Capital

Investment portfolio

40rounds
NAMEDATESIZE
Cachet
Oct 2026Participated
$12 MOther Equity
Cota Robotics
Aug 2026Participated
$2 MSeed
Oplane
Jun 2026Participated
$5 MSeed
Leyr
Dec 2025Participated
$2 MOther Equity
Cytely
Oct 2025Participated
$3 MOther Equity
ReOrbit
Sep 2025Participated
$53 MSeries A
Aibidia
Jun 2025Participated
$28 MSeries B
Gridraven
Feb 2025Led
$5 MOther Equity
Valpas
Jun 2024Participated
$4 MSeed
ReOrbit
Sep 2023Participated
$7 MSeed
Fixably
Jun 2023Participated
$10 MSeed
Aibidia
May 2023Participated
$14 MSeries A
Cachet
Oct 2026Participated
$12 MOther Equity
Cota Robotics
Aug 2026Participated
$2 MSeed
Oplane
Jun 2026Participated
$5 MSeed
Leyr
Dec 2025Participated
$2 MOther Equity
Cytely
Oct 2025Participated
$3 MOther Equity
ReOrbit
Sep 2025Participated
$53 MSeries A
Aibidia
Jun 2025Participated
$28 MSeries B
Gridraven
Feb 2025Led
$5 MOther Equity
Valpas
Jun 2024Participated
$4 MSeed
ReOrbit
Sep 2023Participated
$7 MSeed
Fixably
Jun 2023Participated
$10 MSeed
Aibidia
May 2023Participated
$14 MSeries A
40
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Icebreaker.vc: 40 funding rounds are recorded in the selected participation categories.All available history.
Icebreaker.vc: 40 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed712
Series A07
Series B02
Other Equity210

Monthly Deal Activity

Icebreaker.vc: 40 deals are recorded across 101 months.All available history.
Icebreaker.vc: 40 deals are recorded across 101 months. All available history
MonthDeals
Jun '182
Jul '180
Aug '181
Sep '180
Oct '181
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 '191
Jan '200
Feb '200
Mar '202
Apr '202
May '200
Jun '200
Jul '200
Aug '200
Sep '203
Oct '200
Nov '201
Dec '200
Jan '212
Feb '210
Mar '211
Apr '210
May '210
Jun '212
Jul '211
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '224
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '221
Dec '220
Jan '231
Feb '230
Mar '231
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '261
Sep '260
Oct '261

Sector Breakdown

Icebreaker.vc: Enterprise Software is the largest displayed sector by deal count (13 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.

Icebreaker.vc: Enterprise Software is the largest displayed sector by deal count (13 deals). All available history
SectorDeals
Enterprise Software13
Networks, Cloud & Communication9
AI & Machine Learning9
Fintech8
Data, Analytics & IT7
Professional Services7
Hardware & Robotics6
Cybersecurity & Privacy4
Real Estate & Construction3
Space & Frontier Tech3
Marketing & Advertising3
Travel & Hospitality2
E-Commerce & Retail2
Consumer & Lifestyle2
Manufacturing2
Health & Life Sciences2
Developer Tools2
AR/VR1
Clean Energy & Sustainability1
Transportation & Logistics1
Crypto & Blockchain1

Deal Size Distribution

Icebreaker.vc: 40 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.

Icebreaker.vc: 40 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M22
$5M-$10M8
$10M-$25M5
$25M-$50M4
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Icebreaker.vc: Europe has the largest recorded deal count among the displayed regions (38 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Icebreaker.vc: Europe has the largest recorded deal count among the displayed regions (38 deals). All available history
RegionDeals
Europe38
United States2
Icebreaker.vc: 20 co-investors are shown, with Global Founders Capital 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

Icebreaker.vc: Led accounts for 23% and participating for 78% of round participation.All available history.
Icebreaker.vc: Led accounts for 23% and participating for 78% of round participation. All available history
CategoryDeals (count)Share (%)
Led923%
Participating3178%
Icebreaker.vc: Single-lead accounts for 78% and co-led for 22% of lead dynamics.All available history.
Icebreaker.vc: Single-lead accounts for 78% and co-led for 22% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead778%
Co-led222%

Team

Aleksi Partanen

General Partner

Lasse Lehtinen

General Partner

Leo Giertz

General Partner

Mari Luukkainen

Head of Growth

Mikko Suonenlahti

Chairperson & Limited Partner

Riku Seppälä

General Partner

Teddie Wardi

Founder, Special Advisor