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The Venture Codex

Overview

Early-stage venture capital investor focusing on B2B data economy.

Founded

2009

Deals · 12mo

2

Stage focus

Seed
Series A

Geographic focus

Finland
Germany
Poland
United Kingdom
...

Sector focus

B2B
Big Data
Enterprise Software
Quantum Computing
...

Investment portfolio

68rounds
NAMEDATESIZE
Sitegeist
Feb 2026Led
$5 MSeed
Arbio
Oct 2025Participated
$36 MSeries A
Embeddable
Dec 2024Led
$7 MSeed
Authologic
Oct 2024Led
$8 MSeries A
Cambri
Oct 2024Participated
$9 MOther Equity
Droppe
Jun 2024Led
$4 MOther Equity
Purple Dot
May 2024Led
$10 MSeries A
Hygraph
Mar 2023Participated
$30 MSeries B
Nosto
Feb 2023Participated
$16 MOther Equity
api.video
Dec 2022Participated
$12 MSeries A
LatticeFlow
Oct 2022Led
$12 MSeries A
IQM Quantum Computers
Jul 2022Participated
$131 MSeries A
Sitegeist
Feb 2026Led
$5 MSeed
Arbio
Oct 2025Participated
$36 MSeries A
Embeddable
Dec 2024Led
$7 MSeed
Authologic
Oct 2024Led
$8 MSeries A
Cambri
Oct 2024Participated
$9 MOther Equity
Droppe
Jun 2024Led
$4 MOther Equity
Purple Dot
May 2024Led
$10 MSeries A
Hygraph
Mar 2023Participated
$30 MSeries B
Nosto
Feb 2023Participated
$16 MOther Equity
api.video
Dec 2022Participated
$12 MSeries A
LatticeFlow
Oct 2022Led
$12 MSeries A
IQM Quantum Computers
Jul 2022Participated
$131 MSeries A
68
Items
...
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Insights

Time horizon

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Deal Distribution

OpenOcean: 68 funding rounds are recorded in the selected participation categories.All available history.
OpenOcean: 68 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed48
Series A1711
Series B09
Series C+04
Other Equity87

Monthly Deal Activity

OpenOcean: 68 deals are recorded across 179 months.All available history.
OpenOcean: 68 deals are recorded across 179 months. All available history
MonthDeals
Dec '111
Jan '120
Feb '120
Mar '121
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '121
Jan '130
Feb '130
Mar '130
Apr '131
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '131
Nov '131
Dec '130
Jan '140
Feb '141
Mar '142
Apr '140
May '140
Jun '141
Jul '141
Aug '140
Sep '142
Oct '141
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '151
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '151
Dec '151
Jan '162
Feb '160
Mar '160
Apr '160
May '161
Jun '162
Jul '160
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '172
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '171
Nov '171
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '182
Aug '180
Sep '181
Oct '180
Nov '180
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '192
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '202
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '201
Jan '211
Feb '210
Mar '211
Apr '210
May '211
Jun '210
Jul '211
Aug '210
Sep '211
Oct '210
Nov '212
Dec '211
Jan '221
Feb '222
Mar '220
Apr '220
May '220
Jun '221
Jul '221
Aug '220
Sep '220
Oct '221
Nov '220
Dec '221
Jan '230
Feb '231
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '241
Jul '240
Aug '240
Sep '240
Oct '242
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

OpenOcean: Enterprise Software is the largest displayed sector by deal count (33 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.

OpenOcean: Enterprise Software is the largest displayed sector by deal count (33 deals). All available history
SectorDeals
Enterprise Software33
Data, Analytics & IT22
Networks, Cloud & Communication20
Marketing & Advertising18
E-Commerce & Retail13
Hardware & Robotics10
AI & Machine Learning10
Developer Tools8
Fintech7
Cybersecurity & Privacy5
Media & Entertainment5
Health & Life Sciences5
Space & Frontier Tech4
Professional Services4
Real Estate & Construction3
Consumer & Lifestyle3
Transportation & Logistics2
Social & Community Platforms2
Travel & Hospitality1
Manufacturing1
Food & Agriculture1

Deal Size Distribution

OpenOcean: 68 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.

OpenOcean: 68 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M19
$5M-$10M15
$10M-$25M25
$25M-$50M4
$50M-$100M3
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

OpenOcean: Europe has the largest recorded deal count among the displayed regions (50 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

OpenOcean: Europe has the largest recorded deal count among the displayed regions (50 deals). All available history
RegionDeals
Europe50
United States16
Canada1
Israel1
OpenOcean: 20 co-investors are shown, with Tesi sharing 11 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

OpenOcean: Led accounts for 43% and participating for 57% of round participation.All available history.
OpenOcean: Led accounts for 43% and participating for 57% of round participation. All available history
CategoryDeals (count)Share (%)
Led2943%
Participating3957%
OpenOcean: Single-lead accounts for 66% and co-led for 34% of lead dynamics.All available history.
OpenOcean: Single-lead accounts for 66% and co-led for 34% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1966%
Co-led1034%

Team

Ekaterina Almasque

General Partner

Naureen Zahid

Investor Relations Director

Patrik Backman

General Partner, CEO and Co-Founder

Raoul Lehtonen

Assistant Controller

Sam Hields

Principal

Tom Henriksson

General Partner

Tony Nysten

Principal