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The Venture Codex

Overview

Insurance fund focused on the Middle East and Africa.

Founded

2022

Deals · 12mo

1

Stage focus

Series A

Geographic focus

France
Hong Kong
Norway
Singapore

Sector focus

—

Investment portfolio

7rounds
NAMEDATESIZE
Eclipse
Jun 2026Led
$23 MSeries A
Elements
Dec 2023Participated
$54 MOther Equity
NewHeat
Nov 2023Participated
$33 MOther Equity
Bw Ideol
Mar 2023Participated
$56 MOther Equity
YAS
Sep 2022Led
$5 MSeed
CoverGo
May 2022Participated
$15 MSeries A
Kyotherm
Mar 2022Participated
$49 MOther Equity
Eclipse
Jun 2026Led
$23 MSeries A
Elements
Dec 2023Participated
$54 MOther Equity
NewHeat
Nov 2023Participated
$33 MOther Equity
Bw Ideol
Mar 2023Participated
$56 MOther Equity
YAS
Sep 2022Led
$5 MSeed
CoverGo
May 2022Participated
$15 MSeries A
Kyotherm
Mar 2022Participated
$49 MOther Equity
7
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Insights

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Deal Distribution

Noria Capital: 7 funding rounds are recorded in the selected participation categories.All available history.
Noria Capital: 7 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A11
Other Equity04

Monthly Deal Activity

Noria Capital: 7 deals are recorded across 56 months.All available history.
Noria Capital: 7 deals are recorded across 56 months. All available history
MonthDeals
Mar '221
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '231
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 '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Noria Capital: Clean Energy & Sustainability 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.

Noria Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Clean Energy & Sustainability5
Fintech3
Crypto & Blockchain1
Manufacturing1

Deal Size Distribution

Noria Capital: 7 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.

Noria Capital: 7 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M0
$10M-$25M2
$25M-$50M2
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Noria Capital: Europe has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Noria Capital: Europe has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Europe5
Hong Kong1
Singapore1
Noria Capital: 20 co-investors are shown, with Bpifrance 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

Noria Capital: Led accounts for 29% and participating for 71% of round participation.All available history.
Noria Capital: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led229%
Participating571%
Noria Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Noria Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team