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The Venture Codex

Overview

Fund manager investing in commercial clean technology ventures.

Founded

2021

Deals · 12mo

3

Stage focus

Series B

Geographic focus

Germany
Norway

Sector focus

—

Investment portfolio

5rounds
NAMEDATESIZE
Alva Industries
Jul 2026Participated
$18 MOther Equity
Maritime Robotics
Jun 2026Participated
$32 MOther Equity
Heimdall Power
Mar 2026Led
$8 MOther Equity
Heimdall Power
Jul 2024Led
$25 MSeries B
Particula
Jan 2024Participated
$25 MSeries B
Alva Industries
Jul 2026Participated
$18 MOther Equity
Maritime Robotics
Jun 2026Participated
$32 MOther Equity
Heimdall Power
Mar 2026Led
$8 MOther Equity
Heimdall Power
Jul 2024Led
$25 MSeries B
Particula
Jan 2024Participated
$25 MSeries B
5
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Insights

Time horizon

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Deal Distribution

NRP Zero: 5 funding rounds are recorded in the selected participation categories.All available history.
NRP Zero: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B11
Other Equity12

Monthly Deal Activity

NRP Zero: 5 deals are recorded across 34 months.All available history.
NRP Zero: 5 deals are recorded across 34 months. All available history
MonthDeals
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
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 '261
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

NRP Zero: Hardware & Robotics is the largest displayed sector by deal count (4 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.

NRP Zero: Hardware & Robotics is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Hardware & Robotics4
Clean Energy & Sustainability2
Space & Frontier Tech2
Crypto & Blockchain1
Fintech1
Manufacturing1
Professional Services1
Data, Analytics & IT1
Transportation & Logistics1
Consumer & Lifestyle1

Deal Size Distribution

NRP Zero: 5 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.

NRP Zero: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M1
$25M-$50M3
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

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

Top 1 of 1 regions; European countries are grouped as Europe.

NRP Zero: Europe has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Europe5
NRP Zero: 15 co-investors are shown, with Investinor 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.

NRP Zero: 15 co-investors are shown, with Investinor sharing 3 recorded deals. All available history
Co-investorShared deals
Investinor3
Eviny Ventures2
Hafslund2
Lyse2
Nysn Climate Investments2
Sarsia2
Steinsvik Family Office2
Emerald Technology Ventures1
Mustard Seed Partners1
Orlen1
ORLEN VC1
Samsung Ventures1
Sandwater1
Statkraft Ventures1
Umoe1

Investment Strategy

NRP Zero: Led accounts for 40% and participating for 60% of round participation.All available history.
NRP Zero: Led accounts for 40% and participating for 60% of round participation. All available history
CategoryDeals (count)Share (%)
Led240%
Participating360%
NRP Zero: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
NRP Zero: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team

Carl Petter Finne

Co-Founder & Managing Partner

Oscar Spieler

Co-Founder & Executive Chairman