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The Venture Codex

Overview

Early-stage venture capital fund for groundbreaking technology start-ups.

Founded

2022

Deals ยท 12mo

3

Stage focus

Seed

Geographic focus

Denmark
Finland
Norway
Sweden
...

Sector focus

Venture Capital

Investment portfolio

12rounds
NAMEDATESIZE
Vaja
Jun 2026Participated
$4 MSeed
Redpine
Apr 2026Participated
$8 MSeed
Bahn Express
Dec 2025Led
$6 MOther Equity
Acembee
Aug 2025Led
$1 MOther Equity
ONiO
Jun 2025Led
$6 MOther Equity
Starhive
Apr 2025Participated
$5 MSeries A
SponsWatch
Feb 2025Led
$1 MSeed
Serverpod
Feb 2025Led
$3 MSeed
Starhive
Sep 2024Led
$3 MSeed
Lemonado
Jul 2024Led
$1 MSeed
Roro
Jan 2024Led
$2 MSeed
Stride Labs
Aug 2022Participated
$7 MSeed
Vaja
Jun 2026Participated
$4 MSeed
Redpine
Apr 2026Participated
$8 MSeed
Bahn Express
Dec 2025Led
$6 MOther Equity
Acembee
Aug 2025Led
$1 MOther Equity
ONiO
Jun 2025Led
$6 MOther Equity
Starhive
Apr 2025Participated
$5 MSeries A
SponsWatch
Feb 2025Led
$1 MSeed
Serverpod
Feb 2025Led
$3 MSeed
Starhive
Sep 2024Led
$3 MSeed
Lemonado
Jul 2024Led
$1 MSeed
Roro
Jan 2024Led
$2 MSeed
Stride Labs
Aug 2022Participated
$7 MSeed
12
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Insights

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Deal Distribution

node.vc: 12 funding rounds are recorded in the selected participation categories.All available history.
node.vc: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed53
Series A01
Other Equity30

Monthly Deal Activity

node.vc: 12 deals are recorded across 51 months.All available history.
node.vc: 12 deals are recorded across 51 months. All available history
MonthDeals
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '252
Mar '250
Apr '251
May '250
Jun '251
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

node.vc: Data, Analytics & IT 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.

node.vc: Data, Analytics & IT is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Data, Analytics & IT5
Clean Energy & Sustainability3
Networks, Cloud & Communication3
AI & Machine Learning3
Enterprise Software2
Transportation & Logistics2
Fintech2
Space & Frontier Tech1
Marketing & Advertising1
Crypto & Blockchain1
Manufacturing1
Food & Agriculture1
Professional Services1
Gaming & eSports1
Developer Tools1

Deal Size Distribution

node.vc: 12 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.

node.vc: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M7
$5M-$10M5
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

node.vc: Europe has the largest recorded deal count among the displayed regions (10 deals).All available history.

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

node.vc: Europe has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
Europe10
United States2
node.vc: 20 co-investors are shown, with 1confirmation sharing 1 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

node.vc: Led accounts for 67% and participating for 33% of round participation.All available history.
node.vc: Led accounts for 67% and participating for 33% of round participation. All available history
CategoryDeals (count)Share (%)
Led867%
Participating433%
node.vc: Single-lead accounts for 88% and co-led for 13% of lead dynamics.All available history.
node.vc: Single-lead accounts for 88% and co-led for 13% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead788%
Co-led113%

Team

Andy Johnston

Founder & Partner

Daniela Sjunnesson

Partner & Co-Founder

Firuza Rakhimova

Marketing Lead

Jiri Heinonen

Venture Partner (Finland)

Jonas Malm

Associate