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The Venture Codex

Overview

Seed-stage venture fund investing in deep-tech startups across Europe.

Founded

2017

Deals · 12mo

4

Stage focus

Seed
Series A

Geographic focus

Austria
Belgium
Croatia
Germany
...

Sector focus

Artificial Intelligence (AI)
Cloud Computing
Computer Vision
Cyber Security
...

Investment portfolio

19rounds
NAMEDATESIZE
Hop Aero
Oct 2026Participated
$11 MSeed
Zenithon AI
Sep 2026Led
$10 MSeed
Oshen
Aug 2026Led
$5 MOther Equity
Emm
Nov 2025Led
$9 MSeed
Neurolabs
Apr 2025Participated
$8 MSeries A
Runware
Oct 2024Participated
$3 MOther Equity
Otera
Sep 2024Participated
$13 MSeries A
Lodestar
Jul 2024Led
$3 MSeed
Unify
May 2024Participated
$8 MOther Equity
Instill AI
Feb 2023Participated
$4 MSeed
iLoF
Jul 2022Participated
$5 MSeed
Stack
Jul 2022Led
$3 MOther Equity
Hop Aero
Oct 2026Participated
$11 MSeed
Zenithon AI
Sep 2026Led
$10 MSeed
Oshen
Aug 2026Led
$5 MOther Equity
Emm
Nov 2025Led
$9 MSeed
Neurolabs
Apr 2025Participated
$8 MSeries A
Runware
Oct 2024Participated
$3 MOther Equity
Otera
Sep 2024Participated
$13 MSeries A
Lodestar
Jul 2024Led
$3 MSeed
Unify
May 2024Participated
$8 MOther Equity
Instill AI
Feb 2023Participated
$4 MSeed
iLoF
Jul 2022Participated
$5 MSeed
Stack
Jul 2022Led
$3 MOther Equity
19
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Insights

Time horizon

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Deal Distribution

Lunar Ventures: 19 funding rounds are recorded in the selected participation categories.All available history.
Lunar Ventures: 19 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed55
Series A04
Other Equity32

Monthly Deal Activity

Lunar Ventures: 19 deals are recorded across 80 months.All available history.
Lunar Ventures: 19 deals are recorded across 80 months. All available history
MonthDeals
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '221
Jun '220
Jul '222
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '241
Aug '240
Sep '241
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '261
Oct '261

Sector Breakdown

Lunar Ventures: AI & Machine Learning is the largest displayed sector by deal count (12 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.

Lunar Ventures: AI & Machine Learning is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
AI & Machine Learning12
Enterprise Software11
Space & Frontier Tech5
Developer Tools4
E-Commerce & Retail3
Networks, Cloud & Communication3
Government & Defense2
Transportation & Logistics2
Hardware & Robotics2
Manufacturing2
Health & Life Sciences2
Cybersecurity & Privacy1
Clean Energy & Sustainability1
Data, Analytics & IT1
Professional Services1

Deal Size Distribution

Lunar Ventures: 19 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.

Lunar Ventures: 19 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M6
$10M-$25M4
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Lunar Ventures: Europe has the largest recorded deal count among the displayed regions (16 deals).All available history.

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

Lunar Ventures: Europe has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
Europe16
United States3
Lunar Ventures: 20 co-investors are shown, with Acequia Capital sharing 3 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

Lunar Ventures: Led accounts for 42% and participating for 58% of round participation.All available history.
Lunar Ventures: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led842%
Participating1158%
Lunar Ventures: Single-lead accounts for 38% and co-led for 63% of lead dynamics.All available history.
Lunar Ventures: Single-lead accounts for 38% and co-led for 63% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead338%
Co-led563%

Team

Alberto Cresto

General Partner

Benjamin Wolba

Venture Capital Associate

Elad Verbin

Managing Partner, Lead Scientist

Luis Shemtov

Managing Partner

Mick Halsband

Managing Partner, Chief Technology Officer

Morris Clay

Chief Engineer