The Venture Codex

Participated · Equity · Jul 2026

Strong by Form develops Woodflow, a digitally molded structural biomaterial made from wood residues (e.g., radiata pine, fir) combined with resin to produce pieces that the company says reach concrete-level strength at a fraction of the weight and using less wood than cross-laminated timber. Founded in 2018 in Santiago by Andrés Mitnik (CEO), Jorge Christie (CPO) and Daniel Del Río (CTO), the company operates a plant in La Reina with four robots and a laser cutter and employs about 25 people. Its technology has been used in real projects, including a balsa wood cladding installation in the departures hall of Quito airport. The new capital is intended to fund a pilot plant in Spain by late 2027 to scale toward industrial construction applications. Financially, Strong by Form completed a roughly $5M seed in 2023 and has now advanced the first tranche of its third round.

Participated · Series A · Apr 2024

Iceberg Data Lab provides a platform that measures and monitors environmental metrics and delivers holistic environmental life cycle analysis of portfolio companies for financial institutions. Its proprietary metrics include Carbon Footprint, Science-Based 2°C Alignment (SB2A), Corporate Biodiversity Footprint (CBF), Positive Contribution and Green Scores. The firm says its platform is used by over 50 major financial institutions worldwide, including Natixis, Solactive, HSBC and Amundi, and that its Corporate Biodiversity Footprint is widely used and recognised as a market standard. The company was launched in 2019 amid rising regulatory pressure (CSRD, EUDR and TNFD) driving demand for higher-quality environmental data. The startup recently closed the first tranche of a Series A and has now raised over $15 million in total. Iceberg plans to deploy the new capital to expand globally (with a focus on the UK), develop its product pipeline and invest in technologies to enhance client solutions.

Participated · Equity · Feb 2024

Founded in 2022 in Paris, Naboo has built an all-in-one software and services platform that lets enterprises book, manage and run meetings, incentives, conferences and exhibitions (MICE) globally. The product aggregates venue sourcing, catering, activities and transportation, delivering instant quotes and transparent pricing as an alternative to traditional agency models. Naboo combines the platform with operational support and is used by global organisations such as Meta, Google, Microsoft, Amazon, HubSpot, Figma and ElevenLabs. The company is now developing AI capabilities, including an autonomous booking agent, automated tender management and an integrated corporate payment card that plugs into clients’ existing procurement systems. With these additions, Naboo plans to move beyond events into broader “tail-spend” procurement categories that share fragmented supplier bases, complex compliance needs and multiple payment flows. The business has expanded across Europe and North America and reports rapidly growing enterprise adoption. Prior to the latest round Naboo had raised a €20 million Series A in January 2025, underscoring investor confidence in its growth trajectory.

Participated · Equity · May 2023

Founded in 2016 by Clément Meslin, Philippe Riveron, Raphaël Droissart and Rémi Lesaint, Edflex offers a digital learning platform that aggregates content from more than 10,000 publishers across 25 formats. Its new product, Edflex Copilot, leverages generative AI to deliver immersive simulations with voice and emotion, granular progress analytics, contextual recommendations and automated skills assessment. The solution integrates natively with tools such as Microsoft Teams, Workday, SAP and 360Learning so that learning occurs inside the flow of work. Edflex serves over 300 corporate customers and 1.5 million users in 140 countries, supported by a workforce of 100+ employees spread across France, Italy, the United States and Canada. The company executed its first acquisition in Italy in 2024 and plans to open a North American office in 2025 while localizing content to meet regional regulations. Its model of continuous, curated learning positions it as a European alternative to large U.S. and Asian digital-learning platforms. Edflex became profitable on its historical markets in 2025 and has now raised a cumulative €32 million since 2021 to accelerate its AI roadmap and international expansion.

Participated · Series B · May 2022

Rise Up is a Paris-based learning and development software company that provides a human-first, AI-driven platform delivering personalised, adaptive learning. Its one-stop-shop product combines LMS, LXP and content authoring with features such as an intuitive blended learning environment, a motivational chatbot and Microsoft Teams integration. Founded in 2014, the company serves over 400 customers and 1 million active learners across 60 countries. It has raised €30 million in a second round from Connected Capital, MAIF Avenir and Impact Partners. Rise Up intends to use the investment to accelerate European growth by expanding its team, broadening its product suite and localising learning solutions for European markets. The company is positioning its platform to address hybrid learning needs and strengthen its presence in local markets through partnerships and targeted expansion.