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The Venture Codex

Overview

Venture capital fund investing in early and later-stage tech companies.

Founded

1998

Deals ยท 12mo

4

Stage focus

Seed
Series A

Geographic focus

Austria
Belgium
France
Portugal
...

Sector focus

Cyber Security
Financial Services
FinTech
Internet of Things
...

Investment portfolio

19rounds
NAMEDATESIZE
Eye Security
Jul 2026Participated
$69 MSeries C
Zepo Intelligence
Jan 2026Participated
$15 MSeed
Saporo
Dec 2025Led
$8 MSeries A
Nymiz
Oct 2025Led
$2 MOther Equity
StackGuardian
Sep 2025Led
$10 MSeries A
SignPath
Jan 2025Led
$6 MSeries A
EGERIE
Jan 2023Led
$33 MOther Equity
Probely
Nov 2022Participated
$8 MSeries A
Emproof
Jul 2022Led
$2 MSeed
Eye Security
Apr 2022Led
$5 MOther Equity
BreachLock Inc.
Mar 2022Led
$3 MSeed
Sweepatic
Dec 2021Led
$3 MOther Equity
Eye Security
Jul 2026Participated
$69 MSeries C
Zepo Intelligence
Jan 2026Participated
$15 MSeed
Saporo
Dec 2025Led
$8 MSeries A
Nymiz
Oct 2025Led
$2 MOther Equity
StackGuardian
Sep 2025Led
$10 MSeries A
SignPath
Jan 2025Led
$6 MSeries A
EGERIE
Jan 2023Led
$33 MOther Equity
Probely
Nov 2022Participated
$8 MSeries A
Emproof
Jul 2022Led
$2 MSeed
Eye Security
Apr 2022Led
$5 MOther Equity
BreachLock Inc.
Mar 2022Led
$3 MSeed
Sweepatic
Dec 2021Led
$3 MOther Equity
19
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

TIIN Capital: 19 funding rounds are recorded in the selected participation categories.All available history.
TIIN Capital: 19 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed21
Series A31
Series B02
Series C+01
Other Equity63

Monthly Deal Activity

TIIN Capital: 19 deals are recorded across 190 months.All available history.
TIIN Capital: 19 deals are recorded across 190 months. All available history
MonthDeals
Jan '111
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '161
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 '171
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
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 '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '201
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '221
Apr '221
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '221
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 '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '251
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

TIIN Capital: Cybersecurity & Privacy is the largest displayed sector by deal count (12 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.

TIIN Capital: Cybersecurity & Privacy is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Cybersecurity & Privacy12
Enterprise Software7
Transportation & Logistics4
Professional Services4
E-Commerce & Retail3
Networks, Cloud & Communication3
Fintech3
Space & Frontier Tech2
AI & Machine Learning2
Developer Tools2
Data, Analytics & IT1
Hardware & Robotics1
Marketing & Advertising1
Manufacturing1
Health & Life Sciences1

Deal Size Distribution

TIIN Capital: 19 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.

TIIN Capital: 19 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M4
$10M-$25M3
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

TIIN Capital: Europe has the largest recorded deal count among the displayed regions (17 deals).All available history.

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

TIIN Capital: Europe has the largest recorded deal count among the displayed regions (17 deals). All available history
RegionDeals
Europe17
United States2
TIIN Capital: 20 co-investors are shown, with BOM 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

TIIN Capital: Led accounts for 58% and participating for 42% of round participation.All available history.
TIIN Capital: Led accounts for 58% and participating for 42% of round participation. All available history
CategoryDeals (count)Share (%)
Led1158%
Participating842%
TIIN Capital: Single-lead accounts for 82% and co-led for 18% of lead dynamics.All available history.
TIIN Capital: Single-lead accounts for 82% and co-led for 18% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead982%
Co-led218%

Team

Bart Houlleberghs

Fund Manager

Maarten Derks

Managing Partner

Michael Lucassen

Managing Partner

Olivier de Koste

Investment Manager

Reinout Van der Meulen

Investment Manager

Roel Reijnen

Investment Manager