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The Venture Codex

Overview

Assists startups and SMEs with Ministry of Defence's innovative needs.

Deals · 12mo

2

Links

Stage focus

Seed

Geographic focus

The Netherlands

Sector focus

—

Investment portfolio

3rounds
NAMEDATESIZE
Fiducial
Apr 2026Participated
$2 MOther Equity
Touchwaves
Jan 2026Led
$2 MSeed
LiveDrop
Jun 2025Participated
$3 MSeed
Fiducial
Apr 2026Participated
$2 MOther Equity
Touchwaves
Jan 2026Led
$2 MSeed
LiveDrop
Jun 2025Participated
$3 MSeed
3
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Insights

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Deal Distribution

Secfund: 3 funding rounds are recorded in the selected participation categories.All available history.
Secfund: 3 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Other Equity01

Monthly Deal Activity

Secfund: 3 deals are recorded across 17 months.All available history.
Secfund: 3 deals are recorded across 17 months. All available history
MonthDeals
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Secfund: Networks, Cloud & Communication is the largest displayed sector by deal count (1 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.

Secfund: Networks, Cloud & Communication is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Networks, Cloud & Communication1
Enterprise Software1
Government & Defense1
Health & Life Sciences1
Cybersecurity & Privacy1
Professional Services1
Transportation & Logistics1

Deal Size Distribution

Secfund: 3 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.

Secfund: 3 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Secfund: Europe has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Secfund: Europe has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
Europe3
Secfund: 9 co-investors are shown, with Brabant Startup Fonds sharing 1 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.

Secfund: 9 co-investors are shown, with Brabant Startup Fonds sharing 1 recorded deals. All available history
Co-investorShared deals
Brabant Startup Fonds1
Dutch Research Council1
Graduate Entrepreneur Fund1
imec.istart1
Joanna Invests1
Kadmos Capital1
Patronum Investment1
TNO1
Value Creation Capital1

Investment Strategy

Secfund: Led accounts for 33% and participating for 67% of round participation.All available history.
Secfund: Led accounts for 33% and participating for 67% of round participation. All available history
CategoryDeals (count)Share (%)
Led133%
Participating267%
Secfund: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Secfund: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

Ernst Coolen

Investment Director