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The Venture Codex

Overview

Invests in high-growth technology companies for capital appreciation.

Founded

2010

Deals ยท 12mo

1

Stage focus

Seed
Series A

Geographic focus

Estonia
United Kingdom
United States

Sector focus

Asset Management
Financial Services
Venture Capital

Investment portfolio

64rounds
NAMEDATESIZE
Global Work
Nov 2025Participated
$2 MOther Equity
Global Work
Mar 2025Led
$1 MSeed
Enty
Jul 2024Led
$0.76 MSeed
Mobilo Card
Jul 2023Participated
$4 MSeed
Whizz
Apr 2023Participated
$3 MSeed
Feel
Oct 2022Participated
$11 MSeries A
Adwisely
Jun 2022Led
$2 MSeed
OneNotary
Jan 2022Participated
$2 MSeed
Educate Online
Dec 2021Participated
$4 MSeed
StudyFree
Dec 2021Led
$3 MSeed
Prodly
Oct 2021Participated
$10 MSeries A
Verto
Sep 2021Participated
$10 MSeries A
Global Work
Nov 2025Participated
$2 MOther Equity
Global Work
Mar 2025Led
$1 MSeed
Enty
Jul 2024Led
$0.76 MSeed
Mobilo Card
Jul 2023Participated
$4 MSeed
Whizz
Apr 2023Participated
$3 MSeed
Feel
Oct 2022Participated
$11 MSeries A
Adwisely
Jun 2022Led
$2 MSeed
OneNotary
Jan 2022Participated
$2 MSeed
Educate Online
Dec 2021Participated
$4 MSeed
StudyFree
Dec 2021Led
$3 MSeed
Prodly
Oct 2021Participated
$10 MSeries A
Verto
Sep 2021Participated
$10 MSeries A
64
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

TMT Investments: 64 funding rounds are recorded in the selected participation categories.All available history.
TMT Investments: 64 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed719
Series A110
Series B12
Other Equity1311

Monthly Deal Activity

TMT Investments: 64 deals are recorded across 179 months.All available history.
TMT Investments: 64 deals are recorded across 179 months. All available history
MonthDeals
Dec '111
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '121
Jul '122
Aug '121
Sep '120
Oct '121
Nov '121
Dec '121
Jan '130
Feb '131
Mar '130
Apr '130
May '130
Jun '130
Jul '132
Aug '130
Sep '131
Oct '130
Nov '130
Dec '130
Jan '141
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '143
Oct '141
Nov '140
Dec '141
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '152
Jul '151
Aug '151
Sep '150
Oct '150
Nov '150
Dec '151
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '161
Aug '161
Sep '161
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '181
Dec '180
Jan '191
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '191
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '201
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '201
Oct '201
Nov '201
Dec '202
Jan '210
Feb '213
Mar '211
Apr '212
May '211
Jun '211
Jul '212
Aug '212
Sep '212
Oct '211
Nov '210
Dec '212
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

TMT Investments: Enterprise Software is the largest displayed sector by deal count (31 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.

TMT Investments: Enterprise Software is the largest displayed sector by deal count (31 deals). All available history
SectorDeals
Enterprise Software31
Networks, Cloud & Communication23
Marketing & Advertising15
Professional Services13
Education & Workforce9
Data, Analytics & IT9
E-Commerce & Retail8
Fintech8
Social & Community Platforms7
Media & Entertainment6
AI & Machine Learning6
Transportation & Logistics5
Cybersecurity & Privacy4
Consumer & Lifestyle4
Developer Tools3
Real Estate & Construction2
Hardware & Robotics2
Health & Life Sciences2
Food & Agriculture2
Gaming & eSports2
Government & Defense1
Clean Energy & Sustainability1
Crypto & Blockchain1

Deal Size Distribution

TMT Investments: 64 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.

TMT Investments: 64 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M44
$5M-$10M13
$10M-$25M5
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

TMT Investments: United States has the largest recorded deal count among the displayed regions (44 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

TMT Investments: United States has the largest recorded deal count among the displayed regions (44 deals). All available history
RegionDeals
United States44
Europe16
Israel1
941081
W1w 5pf1
Colombia1
TMT Investments: 20 co-investors are shown, with 500 Global sharing 4 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

TMT Investments: Led accounts for 34% and participating for 66% of round participation.All available history.
TMT Investments: Led accounts for 34% and participating for 66% of round participation. All available history
CategoryDeals (count)Share (%)
Led2234%
Participating4266%
TMT Investments: Single-lead accounts for 77% and co-led for 23% of lead dynamics.All available history.
TMT Investments: Single-lead accounts for 77% and co-led for 23% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1777%
Co-led523%

Team

Alexander Morgulchik

Head of Business Development

Alexander Pak

Investment Director

Artyom Inutin

Co-Founder, Head of Investments

German Kaplun

Co-Founder, Head of Strategy

James Joseph Mullins

Independent Non-Executive Director

Levan Kavtaradze

Deputy Investment Director

Yuri Mostovoy

Chairman of the board