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The Venture Codex

PortfoLion

Alkotás utca 53. C. ép. V. emelet, Budapest, 1123, Hungary

Overview

Portfolion is a CEE-focused multi-stage investor with a flexible fund structure that allows it to back companies from or before 1st client until the end of their journey. The fund manager has backed some of the CEE region’s most successful companies including SEON, Novakid, Tresorit, Packhelp, and Starschema.

Total investments
36
Lead investments
15
Investments · 12mo
4
Active investors
8

Sector focus

  • Venture Capital
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Investment portfolio

  • Rig

    Participated · Seed · Jul 2026

    Rig provides a secure, organized “traffic controller” layer between AI tools and companies' internal databases, enforcing rules, hiding sensitive customer data, and preventing costly AI mistakes. Its platform gives AI systems constraints and oversight so outputs can be trusted when accessing internal data. The company was founded by Toby Mather and Jacob Langr and is based in London. Rig raised a $2.8M pre-seed round from a mix of venture and angel investors. The founders have emphasized keeping the team small and efficient while building amid rapid changes in AI technology. The articles do not disclose revenue, users, or other operating metrics.

  • Kodesage

    Participated · Seed · Jun 2026

    Kodesage provides a platform that performs automated deep discovery of legacy codebases (COBOL, PL/SQL, PowerBuilder, RPG, Oracle Forms), extracts buried business logic into living documentation, and supports context-aware code conversion, automated test generation and AI-assisted production support. The company emphasises deployments that keep data inside the customer perimeter—on-premise, in virtual private clouds, or fully air-gapped—to meet regulated industries' compliance needs. Kodesage sells dedicated modernisation kits (notably for Oracle Forms) and claims its migration recipes can accelerate conversions by up to 3x and cut documentation effort by more than 80% (company figures). Its stated long-term vision is to enable "self-healing enterprise applications" where AI agents prepare, test and implement fixes with human review. Kodesage was founded in 2024 by Gergely Dombi, Miklos Szurdi and Gyorgy Szilagyi and is based in London and Budapest. The company recently completed a $6.6M seed round after a ~€2.3M pre-seed, and plans to use new capital for US/European go-to-market expansion and more engineering and product hires.

  • GymBeam

    Led · Equity · Nov 2025

    Founded in 2014 in Slovakia, GymBeam develops and sells a broad portfolio of sports nutrition, functional foods and fitness accessories through online and offline channels. The company already serves over two million customers in more than 16 European countries and is positioning itself to become a market leader across the continent. Management projects that revenue will reach approximately €220 million in 2025, underscoring rapid growth momentum. With fresh capital, GymBeam plans to accelerate expansion in Western and Central Europe, bolster its distribution infrastructure and deploy advanced automation solutions. The firm is also eyeing strategic acquisitions to widen its product range and geographic footprint. As part of its regional push, GymBeam is opening a new DACH headquarters in Vienna along with a local Fitness Hub. These initiatives reflect the company’s ambition to strengthen brand visibility and customer engagement while scaling operations efficiently.

  • deskbird

    Participated · Series B · Sep 2025

    Founded in 2020 and headquartered in Schwyz, Switzerland, deskbird offers an all-in-one workplace management platform available via mobile app, web, Microsoft Teams, and Slack. The software lets employees book desks, meeting rooms, parking spots, and guest access and plan their weekly schedules, while providing employers analytics to right-size real estate, improve collaboration, and cut waste. deskbird is building AI-powered workplace intelligence that will deliver predictive space-usage insights and help create adaptive offices. The company already serves more than 10,000 offices and 250,000 users worldwide, with enterprise customers such as Samsung, Deloitte, Philips, and Airbus. Revenue figures were not disclosed, but the customer base and user metrics point to meaningful market traction. Fresh Series B capital will fund continued product innovation, deeper integrations, and geographic expansion across the UK, broader Europe, and additional international markets. The firm positions itself at the intersection of hybrid work enablement and real-estate efficiency, two sizable and growing themes.

  • Knowunity

    Participated · Series B · Jun 2025

    Knowunity is an AI-powered learning companion that combines personalized AI tutoring with over 3 million peer-created, curriculum-aligned study materials and short-form visual content. The platform operates on a freemium model with an optional premium subscription and brand partnerships with Vodafone, Gothaer, and Porsche. It serves more than 20 million users across 15 countries and has over 380,000 student creators; in Germany one in three students uses the app and in Latin America it reached one in ten students within months of launch. Knowunity’s AI tutor is trained on the peer-created materials, localized to national curricula, and delivers tailored recommendations and audio explainers. Engagement is strong—users overall use the app more than five times per week, and the AI companion is used more than seven times per week. The majority of revenue now comes from a fast-growing B2C subscription business, and the company aims to scale globally to provide affordable, 24/7 intelligent tutoring to a billion students. Knowunity operates a peer-to-peer learning platform focused on Gen Z, where top-performing students can create and publish study content for others. The app emphasizes a clean UX and user-generated study notes, now hosting over 300,000 study notes across subjects. Since launching in 2020 by CEO Benedict Kurz, it has been downloaded over 2.4 million times and is the number one learning app in Germany with more than 20,000 ratings. The company has expanded to Austria, Switzerland, France (about 300,000 Gen Z users) and Poland (60,000+ students). Knowunity plans to use the new capital to accelerate product development and market expansion, beginning with Italy and the UK, and intends to grow its team from 60 to 100 by year-end. Knowunity is a digital learning platform for and by students that enables users to find and upload study materials through its app. Launched in September 2020 and based in Stuttgart, the app hosts more than 50,000 pieces of user-generated content—summaries, learning aids, and explanations—available free across subjects. Experienced students can upload content, help others, and build follower bases, blending social media features with educational elements. The company describes itself as a 'Spotify for learning materials' and aims to cover all aspects of everyday school life as a complement to regular classes. Knowunity reports more than 700,000 student users and is cited as one of the fastest-growing education apps in Germany. Its stated plans, supported by new investment, are to further develop the platform and accelerate growth.

Team