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The Venture Codex

Overview

Investment company focused on long-term value through active ownership.

Founded

1965

Deals · 12mo

1

Stage focus

—

Geographic focus

Estonia
Finland
Sweden
United States

Sector focus

—

Investment portfolio

11rounds
NAMEDATESIZE
CHAOS
Nov 2025Led
$2 MOther Equity
Anocca
May 2023Participated
$37 MOther Equity
Spiral
Mar 2023Participated
$28 MSeries A
CollectiveCrunch
Mar 2023Led
$2 MOther Equity
Voltan Energy
Jun 2022Participated
$3 MOther Equity
Naava
Jan 2022Led
$8 MOther Equity
Skeleton Technologies
Jan 2022Participated
$42 MSeries D
Anocca
Jul 2021Participated
$46 MSeries B
eMabler
Jun 2021Participated
$0.77 MSeed
Spiral
Mar 2021Participated
$14 MOther Equity
CHAOS
Jan 2021Led
$2 MOther Equity
CHAOS
Nov 2025Led
$2 MOther Equity
Anocca
May 2023Participated
$37 MOther Equity
Spiral
Mar 2023Participated
$28 MSeries A
CollectiveCrunch
Mar 2023Led
$2 MOther Equity
Voltan Energy
Jun 2022Participated
$3 MOther Equity
Naava
Jan 2022Led
$8 MOther Equity
Skeleton Technologies
Jan 2022Participated
$42 MSeries D
Anocca
Jul 2021Participated
$46 MSeries B
eMabler
Jun 2021Participated
$0.77 MSeed
Spiral
Mar 2021Participated
$14 MOther Equity
CHAOS
Jan 2021Led
$2 MOther Equity
11
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Insights

Time horizon

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Deal Distribution

Nidoco: 11 funding rounds are recorded in the selected participation categories.All available history.
Nidoco: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A01
Series B01
Series C+01
Other Equity43

Monthly Deal Activity

Nidoco: 11 deals are recorded across 70 months.All available history.
Nidoco: 11 deals are recorded across 70 months. All available history
MonthDeals
Jan '211
Feb '210
Mar '211
Apr '210
May '210
Jun '211
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '222
Feb '220
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '232
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
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 '260
Sep '260
Oct '260

Sector Breakdown

Nidoco: Enterprise Software is the largest displayed sector by deal count (5 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.

Nidoco: Enterprise Software is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Enterprise Software5
Clean Energy & Sustainability4
Health & Life Sciences3
AI & Machine Learning3
Networks, Cloud & Communication2
Government & Defense2
Fintech2
Manufacturing2
Professional Services2
Real Estate & Construction2
Transportation & Logistics2
Food & Agriculture1
Data, Analytics & IT1

Deal Size Distribution

Nidoco: 11 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.

Nidoco: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M1
$10M-$25M1
$25M-$50M4
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Nidoco: Europe has the largest recorded deal count among the displayed regions (9 deals).All available history.

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

Nidoco: Europe has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Europe9
United States2
Nidoco: 20 co-investors are shown, with Communitas Capital sharing 2 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.

Nidoco: 20 co-investors are shown, with Communitas Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Communitas Capital2
Mellby G ard2
Phoenix2
Ramsbury Invest2
Swedbank Robur2
Team82
AMF1
Business Finland1
Butterfly Ventures1
Danske Bank1
EIT InnoEnergy1
Euclidean Capital1
Finnvera1
Holdix1
Intuition Fund1
Michano1
MTVO1
Sofokus Ventures1
Taavet+Sten1
Tesi1

Investment Strategy

Nidoco: Led accounts for 36% and participating for 64% of round participation.All available history.
Nidoco: Led accounts for 36% and participating for 64% of round participation. All available history
CategoryDeals (count)Share (%)
Led436%
Participating764%
Nidoco: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Nidoco: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead375%
Co-led125%

Team

Patrick Castren

CEO and Managing Director