The Venture Codex

Led · Series A · Jul 2026

Wultra develops post-quantum-resistant authentication and broader digital identity software for financial institutions, spanning onboarding, identity proofing, user authentication, transaction authorisation, and electronic signatures. Founded in December 2014 by Petr Dvorak, the company grew its team by nearly 50% and now supports more than 70 clients across 25 countries, including Raiffeisen Bank International, Erste Digital, OTP Bank, and Global Payments. Wultra opened an office in Singapore in 2025 to serve as its ASEAN hub and has been named a Sample Vendor for post-quantum authentication in Gartner’s 2025 Hype Cycle for Digital Identity. Financially, the company recently raised a €6.8 million Series A after a €3 million Seed+ in January 2025, and plans to use the new capital to expand its platform, add European Digital Identity Wallet features, enter the Middle Eastern and U.S. markets, and scale its team to support larger clients.

Led · Series A · May 2026

Founded in 2019, VorteX-io develops and deploys hydrological monitoring solutions at scale. The company employs about 30 people and reported collecting four million data points last year. It has deployed nearly 1,000 monitoring stations across four continents. VorteX-io positions its offering to serve states, government agencies and large international organizations concerned with sovereign water resource management. The company emphasizes data mastery, infrastructure control and decision-making capabilities as central to managing water sovereignty. It was a laureate in the "Transition écologique" category at the Masters Occitanie Ouest 2025.

Led · Seed · May 2026

Mediads connects advertisers' existing Meta, TikTok, or LinkedIn campaigns with a network of premium publishers so brands can run the same creative, targeting, and measurement through publisher inventory. The platform aims to boost performance by leveraging publisher authority and audience trust without requiring advertisers to rebuild campaigns or change workflows. Mediads works with publishers such as Euronews and 20 Minutes, enabling publishers to earn extra revenue while keeping editorial content unchanged. The company claims its approach can improve performance by up to 150% compared with running the same ads without media amplification, though it has not shared measurement details. Founded in 2022 by Alfred Cardinal and Stéphane Labrouche, Mediads has been self-funded and profitable since its founding. The company plans to expand its premium publisher network and scale operations in the U.S. and Europe using proceeds from the seed round.

Participated · Series B · Mar 2026

Standing Ovation develops a patented precision fermentation process that upcycles whey permeates and agricultural sugars into high-quality casein proteins used across the agrifood industry. The company has protected its technology with eight patent families and positions its approach as a circular alternative to traditional animal casein. An ISO-certified life cycle assessment cited by the company indicates a 74% reduction in greenhouse gas emissions and up to three times less water use versus animal casein. By repurposing dairy side-streams that were previously low-value, Standing Ovation aims to create new revenue streams for producers and reduce reliance on international supply chains. The company has attracted institutional and strategic investors including Astanor, Bel Group, Seventure Partners, Big Idea Ventures and Danone Ventures. With the recent Series B and accompanying non-dilutive financing, Standing Ovation is funding commercial rollout in the U.S. and planned expansion into Europe and Asia starting at the end of 2027.

Participated · Equity · Feb 2026

Headquartered in Helsinki, Zenniz builds integrated hardware-and-software solutions that turn standard tennis courts into data-rich, smart playing environments. Its second-generation system, launched in 2025, combines certified electronic line calling, multi-camera live video, AI-powered performance analytics, and interactive training features aimed at both competitive and recreational players. The company’s platform is already installed on courts across four continents and in more than 25 countries, and it recently became one of the first vendors certified by the International Tennis Federation for club-level electronic line calling. After a record-breaking 2025 in revenue and strategic partnerships—including collaborations with Tennis Warehouse and Mouratoglou Academy—Zenniz is gearing up for rapid scale. The newly raised capital will be used to ramp up manufacturing, accelerate feature development, and deepen distribution in North America via a freshly established U.S. headquarters in Atlanta. Management positions Zenniz as essential infrastructure for the modernization of racket sports and expects the expanded footprint to drive continued growth in both sales and user adoption.