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The Venture Codex

Overview

Targeting exceptional B2B technology companies in Europe.

Founded

2014

Deals · 12mo

6

Stage focus

Series A
Series B

Geographic focus

Belgium
The Netherlands
United Kingdom
United States

Sector focus

Venture Capital

Investment portfolio

33rounds
NAMEDATESIZE
Hadrian
Oct 2026Led
$40 MSeries B
Marble
Sep 2026Led
$7 MSeries A
Timefold
Jun 2026Participated
$13 MSeries A
OpenUp
Mar 2026Led
$23 MOther Equity
Incard
Feb 2026Led
$14 MSeries A
Fimple
Jan 2026Participated
$10 MOther Equity
SEQUESTO
Sep 2025Led
$3 MOther Equity
Auditstage
May 2025Led
$0.88 MSeed
Fimple
Feb 2025Led
$12 MSeries A
emma
Nov 2024Led
$17 MSeries A
Luzmo
Jan 2023Participated
$11 MSeries A
Happeo
Jul 2022Led
$26 MSeries B
Hadrian
Oct 2026Led
$40 MSeries B
Marble
Sep 2026Led
$7 MSeries A
Timefold
Jun 2026Participated
$13 MSeries A
OpenUp
Mar 2026Led
$23 MOther Equity
Incard
Feb 2026Led
$14 MSeries A
Fimple
Jan 2026Participated
$10 MOther Equity
SEQUESTO
Sep 2025Led
$3 MOther Equity
Auditstage
May 2025Led
$0.88 MSeed
Fimple
Feb 2025Led
$12 MSeries A
emma
Nov 2024Led
$17 MSeries A
Luzmo
Jan 2023Participated
$11 MSeries A
Happeo
Jul 2022Led
$26 MSeries B
33
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

SmartFin: 33 funding rounds are recorded in the selected participation categories.All available history.
SmartFin: 33 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A53
Series B34
Series C+14
Other Equity65

Monthly Deal Activity

SmartFin: 33 deals are recorded across 134 months.All available history.
SmartFin: 33 deals are recorded across 134 months. All available history
MonthDeals
Sep '151
Oct '151
Nov '150
Dec '150
Jan '161
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '201
May '200
Jun '201
Jul '202
Aug '200
Sep '200
Oct '201
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '211
Aug '210
Sep '212
Oct '211
Nov '210
Dec '210
Jan '222
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '261
Feb '261
Mar '261
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '261

Sector Breakdown

SmartFin: Enterprise Software is the largest displayed sector by deal count (19 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.

SmartFin: Enterprise Software is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Enterprise Software19
Networks, Cloud & Communication14
Fintech9
Data, Analytics & IT8
Professional Services8
E-Commerce & Retail7
Cybersecurity & Privacy6
Transportation & Logistics6
AI & Machine Learning6
Food & Agriculture4
Marketing & Advertising2
Social & Community Platforms2
Real Estate & Construction1
Space & Frontier Tech1
Media & Entertainment1
Health & Life Sciences1
Developer Tools1

Deal Size Distribution

SmartFin: 33 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.

SmartFin: 33 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M6
$10M-$25M15
$25M-$50M4
$50M-$100M1
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

SmartFin: Europe has the largest recorded deal count among the displayed regions (30 deals).All available history.

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

SmartFin: Europe has the largest recorded deal count among the displayed regions (30 deals). All available history
RegionDeals
Europe30
United States3
SmartFin: 20 co-investors are shown, with Newion sharing 5 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

SmartFin: Led accounts for 48% and participating for 52% of round participation.All available history.
SmartFin: Led accounts for 48% and participating for 52% of round participation. All available history
CategoryDeals (count)Share (%)
Led1648%
Participating1752%
SmartFin: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
SmartFin: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead850%
Co-led850%

Team

Bart Luyten

Co-Founder and Managing Partner

Bert Baeck

Partner

Edward Schiettecatte

Founding Partner

Jürgen Ingels

Founder and Managing Partner

Stefan Dierckx

Founding Partner

Thomas Depuydt

Managing Partner

Toon De Neef

Investment Associate

Willem Prinselaar

President of the Investment Committee, President of the Board