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The Venture Codex

Seed X

Landstrasse 99, Schaan, 9494, Liechtenstein

Overview

Seed X is a European-focused venture capital firm with strong roots in Liechtenstein. It helps driven startups scale by providing a strong network of experienced entrepreneurs. Seed X Liechtenstein combines decades of technological, financial, and industrial know-how that it can pass on to its founders to develop successful ventures.

Total investments
27
Lead investments
1
Investments · 12mo
3
Active investors
0
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Investment portfolio

  • Ralio

    Participated · Seed · Apr 2026

    Ralio develops infrastructure to enable secure, auditable payments initiated by autonomous software agents. Its platform adds identity verification, enforceable limits (guardrails), and auditing capabilities across accounts, cards, and stablecoins to address gaps it sees in existing payment systems. The company argues current payments rails lack mechanisms for verified intent, enforceable limits, and traceability for agent-driven operations. Ralio aims to enable safe and scalable adoption of agentic financial workflows by embedding controls directly into payment processes. The startup will use its $2.5 million pre-seed funding to continue product development and expand its ecosystem with agent builders and payment providers. It has continued backing from Antler and attracted a syndicate led by Sure Valley Ventures and several other investors.

  • Renno

    Participated · Seed · Dec 2025

    Renno provides a digital infrastructure that structures home-renovation projects into verified milestones and holds the full project balance in escrow, releasing funds only when work is validated. This model gives contractors immediate, predictable liquidity and protects homeowners from large upfront deposits, replacing practices such as float, factoring and unprotected pre-payments. The company cites industry pain points in which 95 % of builders self-finance and €280 billion is lost annually to delayed payments, with 92 % of projects running late due to cash-flow constraints. By aligning payments with progress, Renno aims to reduce disputes and delays for the EU’s 3 million construction SMEs. Launched in the Netherlands, the startup plans to expand into Belgium, Germany, France and the UK by 2026. Its long-term vision is to become the financial backbone for Europe’s renovation sector, introducing transparency and automation to a traditionally offline market. Renno’s platform is led by co-founders Mark Slaughter (CEO) and Mourad Chennaoui (CPTO) and is backed by investors experienced in early-stage fintech infrastructure.

  • Scaleup Finance

    Participated · Equity · Oct 2025

    Founded in 2021, Scaleup Finance blends human expertise and software to deliver strategic finance services to smaller companies that typically lack an in-house CFO. Its new product, Nume, connects directly to clients’ banking and accounting systems to generate liquidity forecasts, board-ready reports and proactive risk alerts through familiar channels like Slack and email. The technology is built on lessons learned from Scaleup Finance’s 40 human CFOs who have supported more than 500 high-growth startups across Europe. During a private beta, over 2,500 companies from 80 countries signed up for Nume, demonstrating global demand. The company hit €1 million in ARR in its first year entirely through word-of-mouth, highlighting strong product-led growth economics. By leveraging a multi-agent AI architecture that the team claims delivers 100 % numerical accuracy, Scaleup Finance hopes to make professional-grade financial leadership accessible to the long tail of 50 million SMEs worldwide. The fresh capital will be used to bring Nume to market at scale.

  • Ontik

    Participated · Seed · May 2025

    Ontik builds an AI-powered platform that automates the order-to-cash cycle for B2B wholesalers, including issuing credit terms, chasing payments, resolving disputes, and syncing with ERP systems. The company is starting in the UK building materials sector, a £100 billion market, and targets industries where back-office processes remain manual. Its software integrates with ERPs such as Merlin, Unleashed, and Intact to enable fast deployment across multi-branch wholesalers without disrupting operations. Ontik says its platform can reduce time spent chasing payments by over 60%, accelerate cash collection by more than 30%, and cut card fees by 25% while also decreasing disputes. Over the past year the startup has launched in 30 branches with merchants including GH Brooks, AW Lumb, FORT, and Collier & Catchpole. The product is positioned as a vertical fintech bringing modern infrastructure to offline businesses and aims to scale across similar manual-heavy wholesale sectors.

  • Vouchsafe

    Participated · Seed · Mar 2025

    Vouchsafe provides an identity verification platform designed to reduce global ID poverty by accepting a wider range of evidence than incumbents, including real-time digital evidence like eVisas. It offers fallback options such as vouches from trusted referees and conducts background checks, including online footprint analysis, to detect fabricated identities. The company is scaling quickly and is working with financial services firms to apply its technology to banking and credit. Vouchsafe was chosen by the Scottish Government to help provide public services to people who struggle to prove their identity through the CivTech programme. The company intends to use the £1M pre-seed funds to expand operations and further its development efforts. The round was led by Bethnal Green Ventures and supported by Biometric Ventures, Fuel Ventures, Seed X Liechtenstein and angel investor Andrew Chevis.

Team

No current team members are available.