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The Venture Codex

Overview

Early-stage VC backing Baltic tech founders and companies.

Founded

2011

Deals · 12mo

3

Stage focus

Seed

Geographic focus

Estonia
Lithuania
United Kingdom
United States

Sector focus

Business Development
Finance
Financial Services
Venture Capital

Investment portfolio

53rounds
NAMEDATESIZE
Creem
Sep 2026Participated
$6 MSeed
Kopa.ai
May 2026Led
$2 MSeed
Outcraft AI
Apr 2026Led
$2 MSeed
Creem
Aug 2025Led
$2 MSeed
Handwave
Aug 2025Led
$4 MSeed
Sintra
Jun 2025Participated
$17 MSeed
Atrandi Biosciences
Feb 2025Participated
$25 MSeries A
Qminder
Nov 2024Led
$3 MSeed
AMLYZE
Oct 2024Led
$3 MSeed
Biomatter
Aug 2024Participated
$7 MSeed
Spike Technologies
Jun 2024Led
$3 MSeed
CTO2B
Apr 2024Led
$1 MSeed
Creem
Sep 2026Participated
$6 MSeed
Kopa.ai
May 2026Led
$2 MSeed
Outcraft AI
Apr 2026Led
$2 MSeed
Creem
Aug 2025Led
$2 MSeed
Handwave
Aug 2025Led
$4 MSeed
Sintra
Jun 2025Participated
$17 MSeed
Atrandi Biosciences
Feb 2025Participated
$25 MSeries A
Qminder
Nov 2024Led
$3 MSeed
AMLYZE
Oct 2024Led
$3 MSeed
Biomatter
Aug 2024Participated
$7 MSeed
Spike Technologies
Jun 2024Led
$3 MSeed
CTO2B
Apr 2024Led
$1 MSeed
53
Items
...
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Insights

Time horizon

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Deal Distribution

Practica Capital: 53 funding rounds are recorded in the selected participation categories.All available history.
Practica Capital: 53 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed297
Series A24
Series B02
Other Equity54

Monthly Deal Activity

Practica Capital: 53 deals are recorded across 165 months.All available history.
Practica Capital: 53 deals are recorded across 165 months. All available history
MonthDeals
Feb '131
Mar '130
Apr '130
May '130
Jun '131
Jul '131
Aug '130
Sep '130
Oct '132
Nov '130
Dec '130
Jan '140
Feb '140
Mar '141
Apr '140
May '141
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '151
Jun '151
Jul '150
Aug '150
Sep '151
Oct '150
Nov '150
Dec '151
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 '171
Feb '170
Mar '170
Apr '170
May '171
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '192
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '201
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '202
Jan '212
Feb '210
Mar '210
Apr '211
May '211
Jun '210
Jul '210
Aug '210
Sep '211
Oct '213
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '232
Feb '230
Mar '232
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '231
Jan '240
Feb '241
Mar '240
Apr '241
May '240
Jun '241
Jul '240
Aug '241
Sep '240
Oct '241
Nov '241
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '252
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '261
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Practica Capital: Enterprise Software is the largest displayed sector by deal count (19 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.

Practica Capital: Enterprise Software is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Enterprise Software19
Networks, Cloud & Communication18
Fintech12
E-Commerce & Retail11
Health & Life Sciences10
Professional Services9
AI & Machine Learning7
Data, Analytics & IT6
Transportation & Logistics5
Travel & Hospitality4
Marketing & Advertising4
Media & Entertainment4
Consumer & Lifestyle3
Cybersecurity & Privacy2
AR/VR2
Space & Frontier Tech2
Hardware & Robotics2
Manufacturing2
Gaming & eSports2
Social & Community Platforms2
Developer Tools2
Education & Workforce1
Clean Energy & Sustainability1
Real Estate & Construction1
Food & Agriculture1

Deal Size Distribution

Practica Capital: 53 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.

Practica Capital: 53 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M41
$5M-$10M6
$10M-$25M4
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Practica Capital: Europe has the largest recorded deal count among the displayed regions (48 deals).All available history.

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

Practica Capital: Europe has the largest recorded deal count among the displayed regions (48 deals). All available history
RegionDeals
Europe48
United States3
Canada1
Lt-761991
Practica Capital: 20 co-investors are shown, with Firstpick 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

Practica Capital: Led accounts for 68% and participating for 32% of round participation.All available history.
Practica Capital: Led accounts for 68% and participating for 32% of round participation. All available history
CategoryDeals (count)Share (%)
Led3668%
Participating1732%
Practica Capital: Single-lead accounts for 72% and co-led for 28% of lead dynamics.All available history.
Practica Capital: Single-lead accounts for 72% and co-led for 28% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2672%
Co-led1028%

Team