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The Venture Codex

Signals Venture Capital

Am Nordbahnhof 3, Berlin, 10115, Germany

Overview

Signals Venture Capital partners with founders who are in the early stages of building global enterprise software and tech companies.

Total investments
22
Lead investments
9
Investments · 12mo
1
Active investors
2

Sector focus

  • Venture Capital
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Investment portfolio

  • Second Nature

    Participated · Series B · Oct 2025

    Second Nature has built a conversational AI platform that ingests a company’s recorded calls, scripts and collateral to create lifelike role-plays for sales and customer-service training. Reps practice with AI avatars that handle objections, diverse customer moods and multiple languages, then receive targeted feedback against customizable metrics. Customers typically launch their first scenarios within an hour and have seen sales rise more than 20 % after only 30 minutes of practice per trainee, while onboarding cycles have been cut by as much as three weeks. Specific results include GoHealth trimming onboarding time by 33 % and Zoom more than doubling monthly sales opportunities from 2.78 to over 6. The system supports 20+ languages and is used by brands such as Oracle, Adobe, Teleperformance, Check Point and Zoom. Founded in 2019 by Ariel Hitron and Alon Shalita, the company positions itself to evolve from training software to next-generation AI sales agents. The newly raised capital will fund product expansion and deeper technology development.

  • Mercanis

    Participated · Series A · Jun 2025

    Founded in 2020 and based in Berlin, Mercanis offers an agentic-AI procurement suite that covers the entire procurement process—from supplier selection to contract signing. The solution includes four key modules: spend analytics, sourcing & request processes, supplier management, and contract management. An integrated Mercu AI Co‑Pilot automates repetitive tasks such as supplier discovery, risk detection, intake management, and offer comparison. Clients named in the article include GASAG, BASF Coatings, Goldbeck, Wilson, and Brose. The company will use new funding to enhance its agentic‑AI capabilities, scale its procurement suite globally, and enter new markets with a strong focus on U.S. expansion. Mercanis has secured over $20M in Series A financing as of June 2025. Mercanis is a Berlin-based procurement suite that specializes in sourcing and supplier management, using data insights and Artificial Intelligence to support purchasing decisions and supplier interactions. Its product suite emphasizes Spend Analytics, Sourcing & Request Events (RFx), Supplier Management (SRM), and Contract Management. The software already employs large language models for contract analysis and autonomous sourcing and leverages AI-driven data insights across the platform. Mercanis serves global customers including Linde, Wilson, Arcteryx, Hypoport and notable Mittelstand firms such as weinor, Oventrop and Frutiger. Founded in 2020, the company plans to further develop its AI-powered procurement platform, focusing on product development and deeper LLM integration. It recently raised $10M in Seed funding to support R&D, customer growth, and team expansion.

  • Kodex AI

    Led · Equity · Oct 2023

    Kodex AI develops an AI copilot tailored to the needs of financial services professionals, enabling faster information discovery and decision making. The company’s solution is powered by a purpose-built large language model. Software is currently in private beta with select financial institutions. The team, led by Claus Lang and Thomas Kaiser, plans a broader launch later this year. Kodex AI intends to use recent funding to expand its development efforts and further product development for the financial industry. The company is based in Berlin, Germany.

  • Pistachio

    Led · Equity · Aug 2023

    Pistachio is an Oslo-based automated awareness training platform that delivers AI-powered, personalized cybersecurity training and simulated attacks to employees via email, Slack, or Microsoft Teams. Founded in 2019 and rebranded from CYBR in 2023, the platform runs autonomously and tailors simulations and feedback based on individual user behavior and learning patterns. The company reports a presence in 16 countries, users across 99 countries, and over 600 corporate customers, including the University of St Andrews and The RiskPoint Group. With fresh capital from its Series A, Pistachio plans to scale its AI capabilities and expand its engineering and sales teams. A new office in Valencia marks the start of physical expansion across Europe, with North America next in line. The product aims to move organizations from static, compliance-driven training to continuous, intelligent risk mitigation embedded in daily tools. Pistachio (formerly CYBR) provides a platform that uses artificial intelligence to assess each employee’s security strengths and weaknesses through simulated cyber attacks. After creating an individual profile, the platform sets up a fully individualized security training program and continues simulated attacks until an employee’s training reaches a satisfactory level. The company intends to use new funding to accelerate growth into new European and North American markets. Pistachio reports an MRR of €60,000, serves over 100 customers across eight European countries, and has 26 employees. The business is led by co-founder and CEO Mohammed Awais. To date, the company has raised €5.4M in total.

  • Dreamdata

    Led · Series A · Dec 2022

    Dreamdata provides a platform that turns raw, siloed customer-journey information into a single source of truth, giving B2B marketing teams granular ROI insights and instant activation capabilities. Its software eliminates fragmented analytics and cumbersome workflows by building a unified go-to-market data model. The product layers AI tools and agents on top of this data foundation, enabling features such as audience orchestration, attribution reporting, predictive signals, and automated conversion syncs across major advertising platforms. By supplying accurate, purpose-built data, Dreamdata helps marketers move from insight to action in real time. The company is headquartered in New York City and is led by CEO Nick Turner. While revenue and user counts were not disclosed, the company’s latest $55 million Series B round signals significant growth investment. Proceeds from that financing will fund operational expansion and further development of the platform’s predictive and automation capabilities.

Team