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The Venture Codex

Specialist VC

Tatari 64, Tallinn, Harjumaa, 10134, Estonia

Overview

Venture capital fund supporting founders in Eastern Europe.

Founded

2017

Deals · 12mo

5

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Estonia
Finland
Lithuania
United Kingdom

Sector focus

B2B

Investment portfolio

27rounds
NAMEDATESIZE
Nanordica Medical
Jun 2026Participated
$2 MOther Equity
Copla
Feb 2026Participated
$7 MSeries A
Agileday
Jan 2026Participated
$8 MSeries A
Leil
Nov 2025Participated
$2 MSeed
Yaga
Oct 2025Led
$5 MSeries A
Sera AI
Oct 2025Participated
$2 MSeed
Vocal Image
Aug 2025Participated
$4 MSeed
Better Medicine
Aug 2025Participated
$1 MSeed
Lightyear
Jul 2025Participated
$23 MSeries B
Vok Bikes
Jul 2025Participated
$6 MSeries A
Flowstep
Jun 2025Participated
$3 MSeed
AIATELLA
Jun 2025Participated
$2 MSeed
Nanordica Medical
Jun 2026Participated
$2 MOther Equity
Copla
Feb 2026Participated
$7 MSeries A
Agileday
Jan 2026Participated
$8 MSeries A
Leil
Nov 2025Participated
$2 MSeed
Yaga
Oct 2025Led
$5 MSeries A
Sera AI
Oct 2025Participated
$2 MSeed
Vocal Image
Aug 2025Participated
$4 MSeed
Better Medicine
Aug 2025Participated
$1 MSeed
Lightyear
Jul 2025Participated
$23 MSeries B
Vok Bikes
Jul 2025Participated
$6 MSeries A
Flowstep
Jun 2025Participated
$3 MSeed
AIATELLA
Jun 2025Participated
$2 MSeed
27
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Insights

Time horizon

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Deal Distribution

Specialist VC: 27 funding rounds are recorded in the selected participation categories.All available history.
Specialist VC: 27 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed411
Series A13
Series B01
Other Equity16

Monthly Deal Activity

Specialist VC: 27 deals are recorded across 57 months.All available history.
Specialist VC: 27 deals are recorded across 57 months. All available history
MonthDeals
Feb '221
Mar '220
Apr '221
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '221
Nov '221
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '231
Jan '240
Feb '241
Mar '240
Apr '241
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '252
Jul '252
Aug '252
Sep '250
Oct '252
Nov '251
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Specialist VC: Enterprise Software 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.

Specialist VC: Enterprise Software is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Enterprise Software9
AI & Machine Learning8
Health & Life Sciences5
E-Commerce & Retail4
Hardware & Robotics4
Professional Services4
Cybersecurity & Privacy3
Data, Analytics & IT3
Transportation & Logistics3
Networks, Cloud & Communication3
Clean Energy & Sustainability2
Developer Tools2
Education & Workforce1
Consumer & Lifestyle1
Marketing & Advertising1
Fintech1
Social & Community Platforms1

Deal Size Distribution

Specialist VC: 27 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.

Specialist VC: 27 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M21
$5M-$10M5
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Specialist VC: Europe has the largest recorded deal count among the displayed regions (26 deals).All available history.

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

Specialist VC: Europe has the largest recorded deal count among the displayed regions (26 deals). All available history
RegionDeals
Europe26
Bangladesh1
Specialist VC: 20 co-investors are shown, with Superangel 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.

Specialist VC: 20 co-investors are shown, with Superangel sharing 5 recorded deals. All available history
Co-investorShared deals
Superangel5
Iron Wolf Capital4
Metaplanet4
Startup Wise Guys4
Amalfi3
Tera Ventures3
Business Finland2
Firstpick2
Karma Ventures2
NGL Ventures2
Scottish Enterprise2
SmartCap2
Sunly2
Superhero Capital2
Trind Ventures2
2C Ventures1
adesso ventures1
Angel Invest1
BADideas.fund1
Dnipro VC1

Investment Strategy

Specialist VC: Led accounts for 22% and participating for 78% of round participation.All available history.
Specialist VC: Led accounts for 22% and participating for 78% of round participation. All available history
CategoryDeals (count)Share (%)
Led622%
Participating2178%
Specialist VC: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Specialist VC: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead350%
Co-led350%

Team

Gerri Kodres

Founding Partner

Karina Univer

Investor

Riivo Anton

Founding Partner