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The Venture Codex

Overview

Early-stage VC supporting B2B software startups in Europe.

Deals · 12mo

4

Stage focus

Seed

Geographic focus

Brazil
Germany

Sector focus

—

Investment portfolio

11rounds
NAMEDATESIZE
Deepslate
Oct 2026Participated
$9 MSeed
LawX
May 2026Participated
$9 MSeed
Waving
Mar 2026Participated
$3 MSeed
Zentio
Dec 2025Participated
$2 MSeed
Onsai
Aug 2025Led
$1 MOther Equity
Leapter
Jul 2025Participated
$2 MSeed
Planted
Feb 2025Participated
$6 MSeed
Enginsight
Sep 2024Participated
$7 MOther Equity
mogenius
Jul 2024Led
$3 MOther Equity
encentive
Jan 2024Participated
$3 MSeed
Mainteny
Mar 2023Participated
$3 MSeed
Deepslate
Oct 2026Participated
$9 MSeed
LawX
May 2026Participated
$9 MSeed
Waving
Mar 2026Participated
$3 MSeed
Zentio
Dec 2025Participated
$2 MSeed
Onsai
Aug 2025Led
$1 MOther Equity
Leapter
Jul 2025Participated
$2 MSeed
Planted
Feb 2025Participated
$6 MSeed
Enginsight
Sep 2024Participated
$7 MOther Equity
mogenius
Jul 2024Led
$3 MOther Equity
encentive
Jan 2024Participated
$3 MSeed
Mainteny
Mar 2023Participated
$3 MSeed
11
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Insights

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Deal Distribution

Smart Infrastructure Ventures: 11 funding rounds are recorded in the selected participation categories.All available history.
Smart Infrastructure Ventures: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed08
Other Equity21

Monthly Deal Activity

Smart Infrastructure Ventures: 11 deals are recorded across 44 months.All available history.
Smart Infrastructure Ventures: 11 deals are recorded across 44 months. All available history
MonthDeals
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '251
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '261
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Smart Infrastructure Ventures: AI & Machine Learning is the largest displayed sector by deal count (4 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.

Smart Infrastructure Ventures: AI & Machine Learning is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
AI & Machine Learning4
Networks, Cloud & Communication3
Enterprise Software3
Clean Energy & Sustainability2
Professional Services2
Travel & Hospitality1
Hardware & Robotics1
Cybersecurity & Privacy1
Real Estate & Construction1
Data, Analytics & IT1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Smart Infrastructure Ventures: 11 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.

Smart Infrastructure Ventures: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M7
$5M-$10M4
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Smart Infrastructure Ventures: Europe has the largest recorded deal count among the displayed regions (10 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Smart Infrastructure Ventures: Europe has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
Europe10
Brazil1
Smart Infrastructure Ventures: 20 co-investors are shown, with bm|t sharing 2 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.

Investment Strategy

Smart Infrastructure Ventures: Led accounts for 18% and participating for 82% of round participation.All available history.
Smart Infrastructure Ventures: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led218%
Participating982%
Smart Infrastructure Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Smart Infrastructure Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

Björn Bauermeister

Founding Partner

Dirk Frohnert

Founding Partner

Eric Weber

Venture Partner

Falk Trietsch

Investment Manager