The Venture Codex

Participated · 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.

Participated · Equity · Jul 2023

Founded in 2021 by Tanguy de Cottignies and William Launay, Stokelp operates a marketplace that helps food manufacturers resell surplus fruit, vegetables, meat and fish to avoid waste. The company recently raised €3 million in a second financing round and previously raised €0.5 million in 2022. Stokelp plans to use the new capital to expand activities in Germany and pursue its vision of becoming a pan‑European solution. The startup also intends to double its workforce by the end of the year and multiply sales by six, targeting €20 million in revenue by 2024. Product development plans include adding flexible payment solutions and launching a "raw materials exchange" to ease manufacturers' cash flow and open new opportunities. Financial due diligence on the transaction was carried out by members of the transaction services team mentioned in the article.

Led · Equity · Apr 2022

Kpler collects and analyzes physical asset data from a range of proprietary and third-party sources to provide global physical trade intelligence and real-time market insights. The company combines proprietary data, advanced analytics, and AI-powered technologies across more than 40 markets, including energy, dry bulk, power, and maritime transport. Kpler pioneered LNG cargo tracking and has expanded into broader commodity and shipping market intelligence through its Kpler and MarineTraffic platforms. Founded in 2014, the business serves customers across commodities, maritime, and defense end markets. Following the June 2026 transaction, Kpler secured a minority strategic growth equity investment of over $1 billion from Sixth Street while management remains majority owners and Insight Partners stays on as a shareholder. Kpler plans to use the partnership with Sixth Street to expand into adjacent markets, pursue targeted growth, and accelerate new product development.

Participated · Series C · Feb 2022

HARMAY operates a hybrid online-offline beauty retail platform renowned for its uniquely designed, street-facing concept stores and data-driven merchandising strategy. Since opening its first physical location in 2017, the company has expanded to nine stores across China and maintains an award-winning in-house architectural design team. Its assortment now exceeds 9,000 SKUs sourced from over 400 international beauty and lifestyle brands, with more than 100 new labels added in 2021 alone. HARMAY leverages big data and a team of buyers to continuously identify emerging niche products and refresh its offering. The company plans to extend its brick-and-mortar footprint to Wuhan, Guangzhou, and Shenzhen while launching a dedicated mobile app to complement its existing WeChat mini-program. Beyond retailing third-party brands, the firm is expanding its own portfolio, having recently acquired Kevyn Aucoin Beauty and deepened collaborations with L’Oréal Group brands. Today the business employs over 400 people and positions itself as an innovator in omnichannel beauty and lifestyle shopping experiences.

Led · Equity · Feb 2022

Founded in 2016, padoa provides a fully integrated digital ecosystem for occupational health services, enabling more effective service delivery, health prevention, and regulatory compliance. The platform serves occupational health services, healthcare professionals, employers, and employees. The company has raised prior capital from Kamet (initial investment in 2016) and Five Arrows (invested in 2022). With the new strategic growth investment from Thoma Bravo, padoa plans to further invest in AI capabilities, customer service, product innovation, and international expansion, with a stated focus on the DACH region. Management framed the funding as a catalyst to scale faster amid technological shifts in the industry. No revenue, user, or valuation figures were disclosed in the announcement.