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The Venture Codex

Iceland Venture Studio

Grandagardur 16, Reykjavik, Gullbringusysla, 101, Iceland

Overview

They are founders and they build companies with founders. They have practical knowledge on how to work with founders who have the capacity to build great companies: They think it is more than “founder picking”, it is also mentoring and coaching. They take an active role in mentoring and coaching the founding team in technology design and development, strategy, business development, team development and recruiting as well as operations. They have explicit experience taking founders from the idea stage to a profitable exit. The greatest value that They add is in helping founders navigate multiple priorities, exposing them to a network of influencers, sequencing tasks and accelerating the value proposition development of the company.

Total investments
2
Lead investments
0
Investments · 12mo
0
Active investors
1

Sector focus

  • Information Technology
  • Service Industry
Visit website

Investment portfolio

  • Soptle

    Participated · Seed · May 2023

    Soptle is a SaaS-based B2B FMCG commerce platform that helps manufacturers digitize workflows, run day-to-day operations more efficiently, and expand sales to resellers in other geographies. The company was founded in 2021 by Pravas Chandragiri and is based in New Delhi, India. Soptle's platform enables FMCG manufacturers to digitize their workflow, increase operational efficiency, and enhance capacity of use to reach new resellers. The startup plans to use the funds to accelerate expansion of its retailer-network reach and manufacturing-partner footprint across India, and to build new product offerings and technology enhancements. Financially, Soptle closed two angel rounds in 2022 and has now raised $1M in a pre-seed round, bringing cumulative funding to $1.4M. Named investors include Kube VC, We Founder Circle, Iceland Venture Studio, Nyra Ventures, and several founders and CXOs from Dunzo, Jar, Bijak, Gati, Google and All-Cargo Group. Soptle (Fransisco Technology Pvt. Ltd.) is a micro‑SaaS B2B retail commerce platform that uses a network of active retailers to help small and large FMCG manufacturers distribute products across India. The company aims to streamline the supply chain and provide manufacturers access to countrywide distribution through its tech-enabled S&D channel and market linkages. Founded in 2022 by 19-year-old Pravas Chandragiri and based in Gurugram, Soptle positions itself to improve manufacturers' income by expanding distribution scale. In November 2022 the startup completed an angel funding round and is directing early capital toward growth. The funds will be used primarily for hiring, strengthening the product, and other growth investments. Soptle (Fransisco Technology Private Limited) is a Gurugram-based micro‑SaaS B2B retail commerce platform that helps consumer goods companies distribute products via its network of over 15,000 retailers across India. The platform provides a direct line of communication between manufacturers and local retailers, enabling brands to access new markets and helping local retailers compete with modern trade both online and offline. Soptle advertises effortless geographical expansion and opportunities to reduce sales and distribution costs for existing markets. The company plans to use the new capital to expand its distribution network across the country, scale product capabilities, and grow the team. Pravas Chandragiri, Founder & CEO, framed the approach as building India’s largest FMCG distribution SaaS platform that activates critical connections between manufacturers, distributors/wholesale and retailers.

  • Nanom

    Participated · Seed · Apr 2021

    Nanom (previously Greenvolt) develops nanoparticle additives intended to dramatically improve existing nickel-iron and lithium-ion batteries. The company claims its process can add 9x energy density, recharging rates, and lifecycle capabilities without major changes to battery manufacturing. Implementation is described as mixing nanoparticles into the battery chemical slurry, and the effect is said to be even more pronounced in modern lithium-ion cells. In prototyping, Nanom built an electric boat whose hull acted as the energy storage device; the company says 15 metres of that construction would store the equivalent energy of five Teslas. Nanom has emerged from stealth and positions the technology as a route to turn structures (walls, hulls) into safe, green energy storage. Financially, the company has raised $3 million in seed funding to advance prototyping and deployment.

Team

  • Bala Kamallakharan

    Founder and Managing Director

    LinkedIn