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The Venture Codex

Overview

Financial advisory and venture capital services provider.

Founded

2017

Deals · 12mo

5

Stage focus

Seed

Geographic focus

Denmark
Germany
United Kingdom

Sector focus

Advice
Financial Services
Venture Capital

Investment portfolio

8rounds
NAMEDATESIZE
TODAY
Oct 2026Participated
$3 MSeed
mkind
Jun 2026Participated
$3 MSeed
Conduct
Jun 2026Participated
$60 MSeries A
Bayshore
Jun 2026Participated
$8 MSeed
GeneralMind
Jan 2026Led
$12 MSeed
Conduct
Sep 2025Participated
$12 MSeed
TODAY
Jun 2025Led
$1 MSeed
forward earth
Jun 2024Participated
$3 MOther Equity
TODAY
Oct 2026Participated
$3 MSeed
mkind
Jun 2026Participated
$3 MSeed
Conduct
Jun 2026Participated
$60 MSeries A
Bayshore
Jun 2026Participated
$8 MSeed
GeneralMind
Jan 2026Led
$12 MSeed
Conduct
Sep 2025Participated
$12 MSeed
TODAY
Jun 2025Led
$1 MSeed
forward earth
Jun 2024Participated
$3 MOther Equity
8
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Insights

Time horizon

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Deal Distribution

Lucid Capital: 8 funding rounds are recorded in the selected participation categories.All available history.
Lucid Capital: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed24
Series A01
Other Equity01

Monthly Deal Activity

Lucid Capital: 8 deals are recorded across 29 months.All available history.
Lucid Capital: 8 deals are recorded across 29 months. All available history
MonthDeals
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '263
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Lucid Capital: AI & Machine Learning is the largest displayed sector by deal count (7 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.

Lucid Capital: AI & Machine Learning is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
AI & Machine Learning7
Enterprise Software4
Data, Analytics & IT4
Networks, Cloud & Communication3
Fintech2
Hardware & Robotics1
Manufacturing1
Professional Services1
Space & Frontier Tech1

Deal Size Distribution

Lucid Capital: 8 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.

Lucid Capital: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M1
$10M-$25M2
$25M-$50M0
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Lucid Capital: Europe has the largest recorded deal count among the displayed regions (7 deals).All available history.

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

Lucid Capital: Europe has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Europe7
United States1
Lucid Capital: 18 co-investors are shown, with Booom 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.

Investment Strategy

Lucid Capital: Led accounts for 25% and participating for 75% of round participation.All available history.
Lucid Capital: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led225%
Participating675%
Lucid Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Lucid Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

Johann Nordhus Westarp

Venture Partner

Shahar Cohen

Founder and Managing Partner