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The Venture Codex

Overview

Early stage VC investing in deep tech startups in CEE.

Founded

2016

Deals · 12mo

2

Stage focus

Seed

Geographic focus

Poland
United Kingdom
United States

Sector focus

Financial Services
Health Care
Information Technology
Internet
...

Investment portfolio

11rounds
NAMEDATESIZE
Sky Spy
Dec 2025Participated
$2 MSeed
HyperBunker
Oct 2025Led
$0.93 MSeed
mysite.ai
Jun 2025Participated
$2 MSeed
1.security
Feb 2024Led
$0.50 MSeed
Orbital Matter
Dec 2023Led
$1 MSeed
CodeAlly
Dec 2022Led
$0.46 MOther Equity
Smarter Diagnostics
Oct 2022Led
$0.45 MOther Equity
Deepflare
Jul 2022Led
$2 MSeed
Pergamin
Jun 2022Led
$1 MSeed
Alphamoon
Apr 2022Led
$2 MSeed
Molecule.one
Jun 2021Participated
$5 MSeed
Sky Spy
Dec 2025Participated
$2 MSeed
HyperBunker
Oct 2025Led
$0.93 MSeed
mysite.ai
Jun 2025Participated
$2 MSeed
1.security
Feb 2024Led
$0.50 MSeed
Orbital Matter
Dec 2023Led
$1 MSeed
CodeAlly
Dec 2022Led
$0.46 MOther Equity
Smarter Diagnostics
Oct 2022Led
$0.45 MOther Equity
Deepflare
Jul 2022Led
$2 MSeed
Pergamin
Jun 2022Led
$1 MSeed
Alphamoon
Apr 2022Led
$2 MSeed
Molecule.one
Jun 2021Participated
$5 MSeed
11
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Insights

Time horizon

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Deal Distribution

Sunfish Partners: 11 funding rounds are recorded in the selected participation categories.All available history.
Sunfish Partners: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed63
Other Equity20

Monthly Deal Activity

Sunfish Partners: 11 deals are recorded across 65 months.All available history.
Sunfish Partners: 11 deals are recorded across 65 months. All available history
MonthDeals
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '221
Jul '221
Aug '220
Sep '220
Oct '221
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '241
Mar '240
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 '251
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Sunfish Partners: AI & Machine Learning is the largest displayed sector by deal count (5 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.

Sunfish Partners: AI & Machine Learning is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
AI & Machine Learning5
Enterprise Software4
Health & Life Sciences3
Hardware & Robotics2
Manufacturing2
Cybersecurity & Privacy2
Professional Services2
Data, Analytics & IT2
Developer Tools1
Networks, Cloud & Communication1
Education & Workforce1
Government & Defense1
Space & Frontier Tech1

Deal Size Distribution

Sunfish Partners: 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.

Sunfish Partners: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Sunfish Partners: Europe has the largest recorded deal count among the displayed regions (9 deals).All available history.

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

Sunfish Partners: Europe has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Europe9
United States2
Sunfish Partners: 18 co-investors are shown, with Poland 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

Sunfish Partners: Led accounts for 73% and participating for 27% of round participation.All available history.
Sunfish Partners: Led accounts for 73% and participating for 27% of round participation. All available history
CategoryDeals (count)Share (%)
Led873%
Participating327%
Sunfish Partners: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Sunfish Partners: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead675%
Co-led225%

Team

Christian Weiss

Founding Partner

Marcus Erken

Founding Partner

Max Moldenhauer

Founding Partner

Pawel Lipkowski

Head of Finance and Operations