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The Venture Codex

Overview

Multi-stage private equity and venture capital firm for B2B Tech.

Founded

2002

Deals · 12mo

2

Stage focus

Seed
Series A

Geographic focus

Germany
The Netherlands
United States

Sector focus

B2B
Supply Chain Management
Venture Capital

Investment portfolio

30rounds
NAMEDATESIZE
Turn2x
Oct 2026Participated
$22 MSeries A
Black Forest Labs
Dec 2025Participated
$300 MSeries B
Gixel
Jul 2025Led
$6 MSeed
Q.ANT
Jul 2025Participated
$72 MSeries A
Fiber Elements
Jul 2025Led
$3 MSeed
Flip
May 2025Led
$28 MSeries A
Moonwatt
Mar 2025Led
$9 MOther Equity
Moonwatt
Mar 2025Led
$9 MSeed
Bliro
Feb 2025Led
$3 MOther Equity
Gendo
Nov 2024Led
$5 MSeed
paretos
Oct 2024Participated
$10 MSeries A
DYNO
Jul 2024Participated
$3 MSeed
Turn2x
Oct 2026Participated
$22 MSeries A
Black Forest Labs
Dec 2025Participated
$300 MSeries B
Gixel
Jul 2025Led
$6 MSeed
Q.ANT
Jul 2025Participated
$72 MSeries A
Fiber Elements
Jul 2025Led
$3 MSeed
Flip
May 2025Led
$28 MSeries A
Moonwatt
Mar 2025Led
$9 MOther Equity
Moonwatt
Mar 2025Led
$9 MSeed
Bliro
Feb 2025Led
$3 MOther Equity
Gendo
Nov 2024Led
$5 MSeed
paretos
Oct 2024Participated
$10 MSeries A
DYNO
Jul 2024Participated
$3 MSeed
30
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Insights

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Deal Distribution

LEA Partners: 30 funding rounds are recorded in the selected participation categories.All available history.
LEA Partners: 30 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed114
Series A26
Series B01
Other Equity42

Monthly Deal Activity

LEA Partners: 30 deals are recorded across 106 months.All available history.
LEA Partners: 30 deals are recorded across 106 months. All available history
MonthDeals
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
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 '191
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '212
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '221
Feb '221
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '222
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '231
Sep '230
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '241
Jun '240
Jul '241
Aug '240
Sep '240
Oct '241
Nov '241
Dec '240
Jan '250
Feb '251
Mar '252
Apr '250
May '251
Jun '250
Jul '253
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

LEA Partners: Enterprise Software is the largest displayed sector by deal count (14 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.

LEA Partners: Enterprise Software is the largest displayed sector by deal count (14 deals). All available history
SectorDeals
Enterprise Software14
AI & Machine Learning12
Manufacturing8
Professional Services7
Clean Energy & Sustainability4
Data, Analytics & IT4
Fintech4
Developer Tools4
E-Commerce & Retail3
Networks, Cloud & Communication3
Marketing & Advertising3
Space & Frontier Tech2
Hardware & Robotics2
AR/VR1
Real Estate & Construction1
Transportation & Logistics1
Media & Entertainment1

Deal Size Distribution

LEA Partners: 30 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.

LEA Partners: 30 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M10
$10M-$25M3
$25M-$50M2
$50M-$100M2
$100M-$250M0
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

LEA Partners: Europe has the largest recorded deal count among the displayed regions (28 deals).All available history.

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

LEA Partners: Europe has the largest recorded deal count among the displayed regions (28 deals). All available history
RegionDeals
Europe28
United States2
LEA Partners: 20 co-investors are shown, with 468 Capital sharing 7 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

LEA Partners: Led accounts for 57% and participating for 43% of round participation.All available history.
LEA Partners: Led accounts for 57% and participating for 43% of round participation. All available history
CategoryDeals (count)Share (%)
Led1757%
Participating1343%
LEA Partners: Single-lead accounts for 53% and co-led for 47% of lead dynamics.All available history.
LEA Partners: Single-lead accounts for 53% and co-led for 47% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead953%
Co-led847%

Team

Christian Roth

Managing Partner

Nils Seele

Partner

Sebastian Müller

Managing Partner