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The Venture Codex

Overview

Invests in rapidly growing Norwegian technology companies.

Founded

2017

Deals · 12mo

1

Stage focus

Series A

Geographic focus

Canada
Norway
United Kingdom

Sector focus

Consulting
Information Technology

Investment portfolio

10rounds
NAMEDATESIZE
Muybridge
May 2026Led
$16 MSeries A
Squarehead Technology
Aug 2025Led
$5 MOther Equity
Two
Jul 2025Led
$15 MOther Equity
Pistachio
Apr 2025Participated
$7 MSeries A
Muybridge
Oct 2024Participated
$9 MOther Equity
Kongsberg Digital
Jun 2023Led
$90 MOther Equity
Cavai
Aug 2021Participated
$9 MOther Equity
imove
Jul 2021Participated
$15 MSeries A
Ordr
May 2021Led
$12 MSeries A
Shepper
Sep 2018Led
$6 MSeries A
Muybridge
May 2026Led
$16 MSeries A
Squarehead Technology
Aug 2025Led
$5 MOther Equity
Two
Jul 2025Led
$15 MOther Equity
Pistachio
Apr 2025Participated
$7 MSeries A
Muybridge
Oct 2024Participated
$9 MOther Equity
Kongsberg Digital
Jun 2023Led
$90 MOther Equity
Cavai
Aug 2021Participated
$9 MOther Equity
imove
Jul 2021Participated
$15 MSeries A
Ordr
May 2021Led
$12 MSeries A
Shepper
Sep 2018Led
$6 MSeries A
10
Items
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Insights

Time horizon

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Deal Distribution

Idekapital: 10 funding rounds are recorded in the selected participation categories.All available history.
Idekapital: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A32
Other Equity32

Monthly Deal Activity

Idekapital: 10 deals are recorded across 98 months.All available history.
Idekapital: 10 deals are recorded across 98 months. All available history
MonthDeals
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
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Jan '220
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Oct '260

Sector Breakdown

Idekapital: Enterprise Software 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.

Idekapital: Enterprise Software is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Enterprise Software5
Media & Entertainment4
Cybersecurity & Privacy3
Fintech2
Transportation & Logistics2
Networks, Cloud & Communication1
Marketing & Advertising1
Education & Workforce1
E-Commerce & Retail1
Food & Agriculture1
Real Estate & Construction1
Space & Frontier Tech1

Deal Size Distribution

Idekapital: 10 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.

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

Deals By Geography

Idekapital: Europe has the largest recorded deal count among the displayed regions (9 deals).All available history.

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

Idekapital: Europe has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Europe9
Canada1
Idekapital: 20 co-investors are shown, with Investinor sharing 3 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

Idekapital: Led accounts for 60% and participating for 40% of round participation.All available history.
Idekapital: Led accounts for 60% and participating for 40% of round participation. All available history
CategoryDeals (count)Share (%)
Led660%
Participating440%
Idekapital: Single-lead accounts for 17% and co-led for 83% of lead dynamics.All available history.
Idekapital: Single-lead accounts for 17% and co-led for 83% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead117%
Co-led583%

Team

Kristian Øvsthus

Managing Partner