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The Venture Codex

Overview

Venture capital fund investing in early-stage startups in gaming and tech.

Founded

2019

Deals · 12mo

5

Stage focus

Seed

Geographic focus

Estonia
Poland
Sweden
United States

Sector focus

Financial Services

Investment portfolio

29rounds
NAMEDATESIZE
Principle
Aug 2026Led
$2 MSeed
Paypercut
Jun 2026Participated
$6 MSeed
Principle
Feb 2026Led
$2 MSeed
Mos Health
Jan 2026Led
$1 MSeed
Juo
Nov 2025Participated
$5 MSeed
LetsData
Jan 2025Participated
$2 MSeed
Fams
Feb 2024Led
$0.40 MSeed
Gotiva
Jan 2024Led
$1 MSeed
Collabwriting
Oct 2023Participated
$0.93 MOther Equity
57hours
Sep 2023Participated
$3 MSeed
Workee
Aug 2023Participated
$1 MSeed
Masthead Data
Jun 2023Participated
$1 MSeed
Principle
Aug 2026Led
$2 MSeed
Paypercut
Jun 2026Participated
$6 MSeed
Principle
Feb 2026Led
$2 MSeed
Mos Health
Jan 2026Led
$1 MSeed
Juo
Nov 2025Participated
$5 MSeed
LetsData
Jan 2025Participated
$2 MSeed
Fams
Feb 2024Led
$0.40 MSeed
Gotiva
Jan 2024Led
$1 MSeed
Collabwriting
Oct 2023Participated
$0.93 MOther Equity
57hours
Sep 2023Participated
$3 MSeed
Workee
Aug 2023Participated
$1 MSeed
Masthead Data
Jun 2023Participated
$1 MSeed
29
Items
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Insights

Time horizon

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Deal Distribution

SMOK Ventures: 29 funding rounds are recorded in the selected participation categories.All available history.
SMOK Ventures: 29 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1212
Series B01
Other Equity13

Monthly Deal Activity

SMOK Ventures: 29 deals are recorded across 73 months.All available history.
SMOK Ventures: 29 deals are recorded across 73 months. All available history
MonthDeals
Oct '201
Nov '200
Dec '200
Jan '210
Feb '211
Mar '213
Apr '212
May '210
Jun '210
Jul '210
Aug '212
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '223
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '221
Dec '220
Jan '230
Feb '231
Mar '230
Apr '231
May '230
Jun '231
Jul '230
Aug '231
Sep '231
Oct '231
Nov '230
Dec '230
Jan '241
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

SMOK Ventures: AI & Machine Learning is the largest displayed sector by deal count (9 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.

SMOK Ventures: AI & Machine Learning is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
AI & Machine Learning9
Enterprise Software8
Fintech6
E-Commerce & Retail5
Media & Entertainment5
Health & Life Sciences4
Clean Energy & Sustainability3
Data, Analytics & IT3
Consumer & Lifestyle3
Networks, Cloud & Communication3
Marketing & Advertising3
Travel & Hospitality2
Transportation & Logistics2
Gaming & eSports2
Professional Services2
Education & Workforce1
Crypto & Blockchain1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

SMOK Ventures: 29 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.

SMOK Ventures: 29 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M23
$5M-$10M4
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

SMOK Ventures: Europe has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

SMOK Ventures: Europe has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
Europe18
United States10
Canada1
SMOK Ventures: 20 co-investors are shown, with LT Capital sharing 3 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

SMOK Ventures: Led accounts for 45% and participating for 55% of round participation.All available history.
SMOK Ventures: Led accounts for 45% and participating for 55% of round participation. All available history
CategoryDeals (count)Share (%)
Led1345%
Participating1655%
SMOK Ventures: Single-lead accounts for 62% and co-led for 38% of lead dynamics.All available history.
SMOK Ventures: Single-lead accounts for 62% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead862%
Co-led538%

Team

Borys Musielak

Founding Partner

Diana Koziarska

Founding Partner