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The Venture Codex

Overview

Early-stage VC backing founders across Europe with a focus on models.

Founded

2007

Deals · 12mo

4

Stage focus

Seed
Series A

Geographic focus

Belgium
Germany
Sweden
The Netherlands
...

Sector focus

FinTech
IaaS
Marketplace
PaaS
...

Investment portfolio

43rounds
NAMEDATESIZE
ProductSense
Sep 2026Led
$2 MSeed
VoiceLine
Feb 2026Led
$12 MSeries A
Gardia
Feb 2026Led
$10 MSeries A
Juo
Nov 2025Led
$5 MSeed
OpusFlow
Oct 2025Participated
$4 MOther Equity
revel8
Sep 2025Led
$7 MSeed
Meet5
Sep 2025Led
$9 MSeries A
Enersee
Sep 2025Participated
$5 MSeed
Delfio
Jun 2025Led
$2 MSeed
Lleverage
May 2025Led
$4 MOther Equity
Circula
May 2025Participated
$18 MSeries A
Workwize
Jan 2025Participated
$13 MSeries A
ProductSense
Sep 2026Led
$2 MSeed
VoiceLine
Feb 2026Led
$12 MSeries A
Gardia
Feb 2026Led
$10 MSeries A
Juo
Nov 2025Led
$5 MSeed
OpusFlow
Oct 2025Participated
$4 MOther Equity
revel8
Sep 2025Led
$7 MSeed
Meet5
Sep 2025Led
$9 MSeries A
Enersee
Sep 2025Participated
$5 MSeed
Delfio
Jun 2025Led
$2 MSeed
Lleverage
May 2025Led
$4 MOther Equity
Circula
May 2025Participated
$18 MSeries A
Workwize
Jan 2025Participated
$13 MSeries A
43
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Peak: 43 funding rounds are recorded in the selected participation categories.All available history.
Peak: 43 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed118
Series A65
Series B01
Other Equity75

Monthly Deal Activity

Peak: 43 deals are recorded across 133 months.All available history.
Peak: 43 deals are recorded across 133 months. All available history
MonthDeals
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '212
Sep '211
Oct '210
Nov '210
Dec '210
Jan '222
Feb '222
Mar '221
Apr '220
May '221
Jun '220
Jul '222
Aug '220
Sep '221
Oct '220
Nov '220
Dec '222
Jan '232
Feb '232
Mar '230
Apr '232
May '230
Jun '231
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '241
Apr '241
May '240
Jun '241
Jul '241
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '252
Jun '251
Jul '250
Aug '250
Sep '253
Oct '251
Nov '251
Dec '250
Jan '260
Feb '262
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Peak: Enterprise Software is the largest displayed sector by deal count (18 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.

Peak: Enterprise Software is the largest displayed sector by deal count (18 deals). All available history
SectorDeals
Enterprise Software18
Fintech10
AI & Machine Learning9
Education & Workforce8
Networks, Cloud & Communication8
Professional Services8
E-Commerce & Retail6
Real Estate & Construction6
Data, Analytics & IT4
Marketing & Advertising4
Media & Entertainment4
Health & Life Sciences4
Developer Tools4
Clean Energy & Sustainability3
Transportation & Logistics3
Travel & Hospitality2
Hardware & Robotics2
Social & Community Platforms2
Cybersecurity & Privacy1
Space & Frontier Tech1
Crypto & Blockchain1
Manufacturing1
Food & Agriculture1

Deal Size Distribution

Peak: 43 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.

Peak: 43 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M27
$5M-$10M5
$10M-$25M8
$25M-$50M1
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Peak: Europe has the largest recorded deal count among the displayed regions (39 deals).All available history.

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

Peak: Europe has the largest recorded deal count among the displayed regions (39 deals). All available history
RegionDeals
Europe39
United States4
Peak: 20 co-investors are shown, with Angel Invest sharing 4 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

Peak: Led accounts for 56% and participating for 44% of round participation.All available history.
Peak: Led accounts for 56% and participating for 44% of round participation. All available history
CategoryDeals (count)Share (%)
Led2456%
Participating1944%
Peak: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Peak: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1667%
Co-led833%

Team

Hein Siemerink

Founder and general partner

Heleen Dura - van Oord

Founder & Partner

Johan van Mil

Founder & Managing Partner

Stefan Bary

Founder & Managing Partner

Thijs Dijkman

Associate