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The Venture Codex

Join Capital

Strassburger Str. 55, Berlin, 10405, Germany

Overview

Early stage VC investing in Industry 4.0 and enterprise tech.

Founded

2015

Deals · 12mo

7

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Belgium
Finland
Germany
Italy
...

Sector focus

B2B
Enterprise Software
Venture Capital

Investment portfolio

39rounds
NAMEDATESIZE
Golbriak Space
Oct 2026Led
$4 MSeed
TERASi
Sep 2026Led
$13 MSeed
HyImpulse Technologies GmbH
Sep 2026Led
$58 MSeries A
InSpacePropulsion Technologies
Feb 2026Led
$6 MSeed
enclaive
Feb 2026Led
$5 MSeed
Futuriza
Jan 2026Participated
$1 MSeed
Hypercritical
Dec 2025Led
$3 MSeed
Kreios Space
Sep 2025Led
$9 MSeed
QuadSAT
Jul 2025Led
$6 MSeries A
36ZERO Vision
Jul 2025Led
$4 MSeries A
PhotonPath
Jun 2025Led
$6 MSeries A
Optics11
May 2025Participated
$20 MOther Equity
Golbriak Space
Oct 2026Led
$4 MSeed
TERASi
Sep 2026Led
$13 MSeed
HyImpulse Technologies GmbH
Sep 2026Led
$58 MSeries A
InSpacePropulsion Technologies
Feb 2026Led
$6 MSeed
enclaive
Feb 2026Led
$5 MSeed
Futuriza
Jan 2026Participated
$1 MSeed
Hypercritical
Dec 2025Led
$3 MSeed
Kreios Space
Sep 2025Led
$9 MSeed
QuadSAT
Jul 2025Led
$6 MSeries A
36ZERO Vision
Jul 2025Led
$4 MSeries A
PhotonPath
Jun 2025Led
$6 MSeries A
Optics11
May 2025Participated
$20 MOther Equity
39
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Join Capital: 39 funding rounds are recorded in the selected participation categories.All available history.
Join Capital: 39 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed155
Series A84
Series B01
Other Equity24

Monthly Deal Activity

Join Capital: 39 deals are recorded across 133 months.All available history.
Join Capital: 39 deals are recorded across 133 months. All available history
MonthDeals
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
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 '171
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '211
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '221
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '231
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '232
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '251
Apr '252
May '251
Jun '251
Jul '252
Aug '250
Sep '251
Oct '250
Nov '250
Dec '251
Jan '261
Feb '262
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '262
Oct '261

Sector Breakdown

Join Capital: 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.

Join Capital: Enterprise Software is the largest displayed sector by deal count (13 deals). All available history
SectorDeals
Enterprise Software13
Space & Frontier Tech12
AI & Machine Learning12
Manufacturing10
Hardware & Robotics9
Networks, Cloud & Communication7
Professional Services5
Real Estate & Construction3
Consumer & Lifestyle3
Social & Community Platforms3
Developer Tools3
Travel & Hospitality2
Government & Defense2
E-Commerce & Retail2
AR/VR2
Transportation & Logistics2
Cybersecurity & Privacy1
Clean Energy & Sustainability1
Data, Analytics & IT1

Deal Size Distribution

Join Capital: 39 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.

Join Capital: 39 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M18
$5M-$10M13
$10M-$25M6
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Join Capital: Europe has the largest recorded deal count among the displayed regions (36 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Join Capital: Europe has the largest recorded deal count among the displayed regions (36 deals). All available history
RegionDeals
Europe36
United States2
Brasil1
Join Capital: 20 co-investors are shown, with Caixa Capital sharing 4 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.

Join Capital: 20 co-investors are shown, with Caixa Capital sharing 4 recorded deals. All available history
Co-investorShared deals
Caixa Capital4
Faber Ventures4
EQT Ventures3
Seraphim Capital3
360 Capital Partners2
42CAP2
Bankinter2
Bayern Kapital2
Big Sur Ventures2
CDP Venture Capital2
Episode 12
European Innovation Council2
German Aerospace Centre2
Icebreaker.vc2
IQ Capital2
NATO Innovation Fund2
North Ventures2
PhotonVentures2
Spintop Ventures2
ACE CAPITAL PARTNERS1

Investment Strategy

Join Capital: Led accounts for 64% and participating for 36% of round participation.All available history.
Join Capital: Led accounts for 64% and participating for 36% of round participation. All available history
CategoryDeals (count)Share (%)
Led2564%
Participating1436%
Join Capital: Single-lead accounts for 52% and co-led for 48% of lead dynamics.All available history.
Join Capital: Single-lead accounts for 52% and co-led for 48% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1352%
Co-led1248%

Team

Jan Borgstaedt

Managing Partner

Julia Flaig
Manuel Effenberg

CFO

Philippe v. Klitzing

Investment Analyst

Sebastian Ribbentrop

Managing Partner

Simone Lavizzari
Tobias Schirmer

Managing Partner