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The Venture Codex

Overview

Nordic venture capital investor offering funding and insights.

Founded

2014

Deals · 12mo

15

Stage focus

Seed
Series A

Geographic focus

Denmark
Finland
Sweden

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

46rounds
NAMEDATESIZE
KHOY
Sep 2026Participated
$2 MOther Equity
AnaCardio
Sep 2026Participated
$71 MSeries B
Breye Therapeutics
Sep 2026Participated
$77 MSeries A
Kasvu Therapeutics
Sep 2026Participated
$34 MSeries A
STRGY AI
Aug 2026Participated
$1 MSeed
Maculaser
Aug 2026Participated
$5 MOther Equity
Cornea Sense
Jul 2026Led
$1 MSeed
Aplagon
Jun 2026Participated
$6 MOther Equity
Tangently
Jun 2026Led
$0.32 MSeed
Retailgrid
May 2026Participated
$0.42 MSeed
Jaakko
Apr 2026Participated
$0.58 MOther Equity
Capalo AI
Feb 2026Participated
$13 MSeries A
KHOY
Sep 2026Participated
$2 MOther Equity
AnaCardio
Sep 2026Participated
$71 MSeries B
Breye Therapeutics
Sep 2026Participated
$77 MSeries A
Kasvu Therapeutics
Sep 2026Participated
$34 MSeries A
STRGY AI
Aug 2026Participated
$1 MSeed
Maculaser
Aug 2026Participated
$5 MOther Equity
Cornea Sense
Jul 2026Led
$1 MSeed
Aplagon
Jun 2026Participated
$6 MOther Equity
Tangently
Jun 2026Led
$0.32 MSeed
Retailgrid
May 2026Participated
$0.42 MSeed
Jaakko
Apr 2026Participated
$0.58 MOther Equity
Capalo AI
Feb 2026Participated
$13 MSeries A
46
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Insights

Time horizon

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Deal Distribution

Innovestor: 46 funding rounds are recorded in the selected participation categories.All available history.
Innovestor: 46 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed95
Series A28
Series B12
Other Equity613

Monthly Deal Activity

Innovestor: 46 deals are recorded across 124 months.All available history.
Innovestor: 46 deals are recorded across 124 months. All available history
MonthDeals
Jul '161
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 '172
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 '181
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 '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '201
Sep '200
Oct '200
Nov '201
Dec '200
Jan '211
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '211
Sep '210
Oct '210
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '232
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '232
Nov '231
Dec '230
Jan '241
Feb '242
Mar '241
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '252
Feb '252
Mar '252
Apr '250
May '250
Jun '251
Jul '251
Aug '250
Sep '250
Oct '250
Nov '251
Dec '252
Jan '260
Feb '261
Mar '260
Apr '261
May '261
Jun '262
Jul '261
Aug '262
Sep '264
Oct '260

Sector Breakdown

Innovestor: Health & Life Sciences is the largest displayed sector by deal count (22 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.

Innovestor: Health & Life Sciences is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Health & Life Sciences22
AI & Machine Learning8
E-Commerce & Retail7
Networks, Cloud & Communication7
Enterprise Software5
Clean Energy & Sustainability5
Data, Analytics & IT5
Consumer & Lifestyle5
Hardware & Robotics5
Manufacturing5
Transportation & Logistics4
Marketing & Advertising3
Real Estate & Construction2
AR/VR1
Fintech1
Professional Services1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Innovestor: 46 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.

Innovestor: 46 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M31
$5M-$10M6
$10M-$25M3
$25M-$50M3
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Innovestor: Europe has the largest recorded deal count among the displayed regions (43 deals).All available history.

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

Innovestor: Europe has the largest recorded deal count among the displayed regions (43 deals). All available history
RegionDeals
Europe43
United States3
Innovestor: 20 co-investors are shown, with Business Finland 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

Innovestor: Led accounts for 39% and participating for 61% of round participation.All available history.
Innovestor: Led accounts for 39% and participating for 61% of round participation. All available history
CategoryDeals (count)Share (%)
Led1839%
Participating2861%
Innovestor: Single-lead accounts for 61% and co-led for 39% of lead dynamics.All available history.
Innovestor: Single-lead accounts for 61% and co-led for 39% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1161%
Co-led739%

Team

Myron Seto

Partner

Paivi Ihme

Partner, Investor Relations

Petri Laine

Managing Partner

Tommi Aijala

CEO & Co-founder

Wilhelm Lindholm

Partner and CEO