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The Venture Codex

Overview

Early-stage venture capital firm providing operational support for tech.

Founded

2012

Deals · 12mo

6

Stage focus

Seed
Series A

Geographic focus

Germany
Sweden
United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

143rounds
NAMEDATESIZE
Nettle
Oct 2026Participated
$5 MSeed
Stark Defence
Jun 2026Participated
$571 MOther Equity
Linexa
Apr 2026Led
$2 MSeed
Casavo
Apr 2026Participated
$14 MOther Equity
Andercore
Feb 2026Participated
$40 MSeries B
Hades Mining
Feb 2026Participated
$18 MSeed
Resourcly
Oct 2025Led
$3 MSeed
Architect AI
Sep 2025Led
$5 MSeed
Hades Mining
Aug 2025Led
$6 MSeed
Stark Defence
Aug 2025Participated
$62 MOther Equity
Riva
Aug 2025Led
$3 MSeed
Unmind
Jul 2025Participated
$35 MOther Equity
Nettle
Oct 2026Participated
$5 MSeed
Stark Defence
Jun 2026Participated
$571 MOther Equity
Linexa
Apr 2026Led
$2 MSeed
Casavo
Apr 2026Participated
$14 MOther Equity
Andercore
Feb 2026Participated
$40 MSeries B
Hades Mining
Feb 2026Participated
$18 MSeed
Resourcly
Oct 2025Led
$3 MSeed
Architect AI
Sep 2025Led
$5 MSeed
Hades Mining
Aug 2025Led
$6 MSeed
Stark Defence
Aug 2025Participated
$62 MOther Equity
Riva
Aug 2025Led
$3 MSeed
Unmind
Jul 2025Participated
$35 MOther Equity
143
Items
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Insights

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Deal Distribution

Project A: 143 funding rounds are recorded in the selected participation categories.All available history.
Project A: 143 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed407
Series A1023
Series B018
Series C+013
Other Equity723
Debt02

Monthly Deal Activity

Project A: 143 deals are recorded across 184 months.All available history.
Project A: 143 deals are recorded across 184 months. All available history
MonthDeals
Jul '111
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '121
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '131
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '131
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '141
Aug '140
Sep '141
Oct '141
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '151
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '161
Feb '160
Mar '160
Apr '160
May '160
Jun '161
Jul '160
Aug '161
Sep '161
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '171
Apr '170
May '170
Jun '172
Jul '172
Aug '172
Sep '170
Oct '170
Nov '171
Dec '170
Jan '183
Feb '182
Mar '180
Apr '182
May '181
Jun '181
Jul '180
Aug '181
Sep '181
Oct '183
Nov '180
Dec '180
Jan '192
Feb '192
Mar '193
Apr '190
May '190
Jun '190
Jul '191
Aug '191
Sep '190
Oct '191
Nov '193
Dec '190
Jan '202
Feb '202
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '203
Jan '211
Feb '210
Mar '211
Apr '214
May '213
Jun '211
Jul '212
Aug '210
Sep '212
Oct '210
Nov '212
Dec '212
Jan '223
Feb '222
Mar '220
Apr '221
May '221
Jun '221
Jul '225
Aug '220
Sep '222
Oct '222
Nov '223
Dec '221
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '231
Oct '231
Nov '231
Dec '233
Jan '240
Feb '241
Mar '245
Apr '240
May '240
Jun '243
Jul '241
Aug '242
Sep '241
Oct '240
Nov '240
Dec '241
Jan '251
Feb '252
Mar '251
Apr '254
May '251
Jun '254
Jul '253
Aug '253
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '262
Mar '260
Apr '262
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Project A: Enterprise Software is the largest displayed sector by deal count (47 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.

Project A: Enterprise Software is the largest displayed sector by deal count (47 deals). All available history
SectorDeals
Enterprise Software47
AI & Machine Learning38
Networks, Cloud & Communication33
Fintech22
Transportation & Logistics21
E-Commerce & Retail18
Clean Energy & Sustainability16
Health & Life Sciences16
Hardware & Robotics12
Manufacturing12
Real Estate & Construction10
Space & Frontier Tech10
Marketing & Advertising10
Professional Services9
Education & Workforce8
Data, Analytics & IT8
Government & Defense7
Cybersecurity & Privacy7
Social & Community Platforms7
Consumer & Lifestyle6
Crypto & Blockchain6
Media & Entertainment6
Food & Agriculture6
Travel & Hospitality5
Gaming & eSports2
Developer Tools2
AR/VR1

Deal Size Distribution

Project A: 143 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.

Project A: 143 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M35
$5M-$10M29
$10M-$25M38
$25M-$50M17
$50M-$100M10
$100M-$250M9
$250M-$500M3
$500M-$1B2
$1B+0

Deals By Geography

Project A: Europe has the largest recorded deal count among the displayed regions (115 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Project A: Europe has the largest recorded deal count among the displayed regions (115 deals). All available history
RegionDeals
Europe115
United States19
Brazil5
Singapore2
Canada1
India1
Project A: 20 co-investors are shown, with Creandum sharing 20 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

Project A: Led accounts for 40% and participating for 60% of round participation.All available history.
Project A: Led accounts for 40% and participating for 60% of round participation. All available history
CategoryDeals (count)Share (%)
Led5740%
Participating8660%
Project A: Single-lead accounts for 65% and co-led for 35% of lead dynamics.All available history.
Project A: Single-lead accounts for 65% and co-led for 35% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3765%
Co-led2035%

Team

Anton Waitz

General Partner and Managing Director

Ben Fischer

General Partner and Managing Director

Enrico Mellis

Principal

Florian Heinemann

Founding Partner

Luc de Leyritz

Investment Associate

Rainer Berak

Managing Director

Stephan Schulze

Chief Technology Officer

Tamer El-Hawari

Chief Product Officer

Thies Sander

General Partner and Managing Director

Uwe Horstmann

General Partner and Managing Director