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The Venture Codex

Overview

Venture capital firm specializing in healthcare and technology startups.

Founded

2009

Deals · 12mo

15

Stage focus

Seed
Series A

Geographic focus

Finland
United Kingdom
United States

Sector focus

Finance
Financial Services
FinTech
Venture Capital

Investment portfolio

104rounds
NAMEDATESIZE
Verda (DataCrunch)
Sep 2026Participated
$189 MSeries B
Hyperion Robotics
Jul 2026Participated
$7 MOther Equity
ICEYE
Jun 2026Participated
$520 MSeries F
NewOrbit
Jun 2026Participated
$19 MSeries A
CRACI
May 2026Led
$2 MSeed
Reduciner
May 2026Participated
$4 MOther Equity
Confidentialmind
Apr 2026Participated
$4 MSeed
Verda (DataCrunch)
Apr 2026Led
$117 MOther Equity
INCIRT
Mar 2026Led
$6 MOther Equity
Elea & Lili
Mar 2026Led
$3 MSeed
Elva
Mar 2026Led
$2 MSeed
Saltz
Mar 2026Participated
$23 MSeries A
Verda (DataCrunch)
Sep 2026Participated
$189 MSeries B
Hyperion Robotics
Jul 2026Participated
$7 MOther Equity
ICEYE
Jun 2026Participated
$520 MSeries F
NewOrbit
Jun 2026Participated
$19 MSeries A
CRACI
May 2026Led
$2 MSeed
Reduciner
May 2026Participated
$4 MOther Equity
Confidentialmind
Apr 2026Participated
$4 MSeed
Verda (DataCrunch)
Apr 2026Led
$117 MOther Equity
INCIRT
Mar 2026Led
$6 MOther Equity
Elea & Lili
Mar 2026Led
$3 MSeed
Elva
Mar 2026Led
$2 MSeed
Saltz
Mar 2026Participated
$23 MSeries A
104
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Insights

Time horizon

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Deal Distribution

Lifeline Ventures: 104 funding rounds are recorded in the selected participation categories.All available history.
Lifeline Ventures: 104 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed2215
Series A117
Series B25
Series C+06
Other Equity1916
Debt01

Monthly Deal Activity

Lifeline Ventures: 104 deals are recorded across 193 months.All available history.
Lifeline Ventures: 104 deals are recorded across 193 months. All available history
MonthDeals
Oct '101
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '111
Jun '110
Jul '110
Aug '110
Sep '112
Oct '110
Nov '110
Dec '110
Jan '121
Feb '120
Mar '120
Apr '120
May '122
Jun '121
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '121
Jan '131
Feb '130
Mar '131
Apr '132
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '131
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '141
Jun '140
Jul '141
Aug '141
Sep '140
Oct '140
Nov '141
Dec '141
Jan '150
Feb '150
Mar '151
Apr '150
May '151
Jun '152
Jul '150
Aug '150
Sep '150
Oct '153
Nov '151
Dec '150
Jan '161
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '161
Dec '162
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '171
Jul '170
Aug '171
Sep '172
Oct '170
Nov '171
Dec '171
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '182
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '191
Jun '191
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '191
Jan '200
Feb '201
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '201
Sep '200
Oct '200
Nov '201
Dec '202
Jan '210
Feb '210
Mar '210
Apr '210
May '212
Jun '211
Jul '211
Aug '210
Sep '210
Oct '210
Nov '213
Dec '210
Jan '220
Feb '222
Mar '220
Apr '220
May '220
Jun '223
Jul '220
Aug '220
Sep '221
Oct '220
Nov '221
Dec '220
Jan '230
Feb '231
Mar '231
Apr '230
May '232
Jun '232
Jul '230
Aug '231
Sep '232
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '242
Jul '241
Aug '240
Sep '240
Oct '242
Nov '241
Dec '241
Jan '250
Feb '250
Mar '253
Apr '250
May '252
Jun '251
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '251
Jan '260
Feb '261
Mar '265
Apr '262
May '262
Jun '262
Jul '261
Aug '260
Sep '261
Oct '260

Sector Breakdown

Lifeline Ventures: Enterprise Software is the largest displayed sector by deal count (30 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.

Lifeline Ventures: Enterprise Software is the largest displayed sector by deal count (30 deals). All available history
SectorDeals
Enterprise Software30
Networks, Cloud & Communication30
Health & Life Sciences21
Hardware & Robotics19
Clean Energy & Sustainability17
AI & Machine Learning15
E-Commerce & Retail13
Transportation & Logistics12
Space & Frontier Tech11
Manufacturing10
AR/VR9
Consumer & Lifestyle8
Professional Services6
Fintech5
Gaming & eSports5
Developer Tools5
Marketing & Advertising4
Social & Community Platforms4
Education & Workforce3
Cybersecurity & Privacy3
Real Estate & Construction3
Media & Entertainment3
Food & Agriculture3
Data, Analytics & IT1

Deal Size Distribution

Lifeline Ventures: 104 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.

Lifeline Ventures: 104 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M63
$5M-$10M11
$10M-$25M13
$25M-$50M9
$50M-$100M1
$100M-$250M6
$250M-$500M0
$500M-$1B1
$1B+0

Deals By Geography

Lifeline Ventures: Europe has the largest recorded deal count among the displayed regions (88 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Lifeline Ventures: Europe has the largest recorded deal count among the displayed regions (88 deals). All available history
RegionDeals
Europe88
United States13
D18 F5x21
Norge1
Singapore1
Lifeline Ventures: 20 co-investors are shown, with Tesi sharing 15 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

Lifeline Ventures: Led accounts for 42% and participating for 58% of round participation.All available history.
Lifeline Ventures: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led4442%
Participating6058%
Lifeline Ventures: Single-lead accounts for 68% and co-led for 32% of lead dynamics.All available history.
Lifeline Ventures: Single-lead accounts for 68% and co-led for 32% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3068%
Co-led1432%

Team

Ilkka Paananen

EIR & Partner

Jyri Engestrm

Early Stage to Pre-Ipo Investor

Petteri Koponen

Founding Partner

Samuli Leppänen

Partner - Finance & Legal

Timo Ahopelto

Founding Partner