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The Venture Codex

Overview

Innovative solutions in paper, biomaterials, wood products, and packaging.

Founded

1996

Deals · 12mo

2

Stage focus

—

Geographic focus

Sweden

Sector focus

Manufacturing
Paper Manufacturing
Renewable Energy

Investment portfolio

3rounds
NAMEDATESIZE
AirForestry
Jul 2026Participated
$7 MOther Equity
Arevo
Oct 2025Participated
$9 MOther Equity
Arevo
Mar 2024Participated
$7 MOther Equity
AirForestry
Jul 2026Participated
$7 MOther Equity
Arevo
Oct 2025Participated
$9 MOther Equity
Arevo
Mar 2024Participated
$7 MOther Equity
3
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Insights

Time horizon

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Deal Distribution

Stora Enso: 3 funding rounds are recorded in the selected participation categories.All available history.
Stora Enso: 3 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Other Equity03

Monthly Deal Activity

Stora Enso: 3 deals are recorded across 32 months.All available history.
Stora Enso: 3 deals are recorded across 32 months. All available history
MonthDeals
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Stora Enso: Food & Agriculture is the largest displayed sector by deal count (3 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.

Stora Enso: Food & Agriculture is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Food & Agriculture3
Hardware & Robotics1
Clean Energy & Sustainability1

Deal Size Distribution

Stora Enso: 3 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.

Stora Enso: 3 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M3
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Stora Enso: Europe has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Stora Enso: Europe has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
Europe3
Stora Enso: 11 co-investors are shown, with Fort Knox 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.

Stora Enso: 11 co-investors are shown, with Fort Knox sharing 2 recorded deals. All available history
Co-investorShared deals
Fort Knox2
Industrifonden2
Navigare Ventures2
Holmen Skog1
Kempestiftelserna1
SCA1
Skogforsk1
SLU - Sveriges lantbruksuniversitet1
Sveaskog1
Tele21
Vinnova1

Investment Strategy

Stora Enso: Led accounts for 0% and participating for 100% of round participation.All available history.
Stora Enso: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating3100%
Stora Enso: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Stora Enso: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Anindya Gupta

Lead Data Scientist

Katariina Kravi

Executive Vice President, HR and CHRO

Pasi Kyckling

SVP, Group Transformation Officer

Samuli Savo

SVP Product Management and Innovation, Packaging Solutions

Ulrika MacGregor

Social Media Manager