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The Venture Codex

VEF

Mäster Samuelsgatan 1, 1st floor, Stockholm, Stockholms Lan, SE-111 44, Sweden

Overview

Investment company focused on growth-stage fintech in emerging markets.

Founded

2015

Deals · 12mo

0

Links

WebsiteLinkedIn

Stage focus

Series A
Series B
Series C

Geographic focus

Brazil
India
Mexico
Pakistan
...

Sector focus

Financial Services
FinTech
Venture Capital

Investment portfolio

38rounds
NAMEDATESIZE
Gringo
Sep 2023Participated
$30 MSeries C
FinanZero
Jul 2022Participated
$4 MOther Equity
Solfácil
May 2022Participated
$97 MSeries C
Abhi
Apr 2022Participated
$17 MSeries A
Gringo
Mar 2022Led
$37 MSeries B
Creditas
Jan 2022Participated
$260 MSeries F
Creditas
Dec 2021Led
$25 MOther Equity
JUSPAY
Dec 2021Participated
$60 MSeries C
TransferGo
Sep 2021Participated
$50 MSeries C
Konfio
Sep 2021Participated
$235 MOther Equity
Blackbuck
Jul 2021Led
$67 MSeries E
FinanZero
Apr 2021Led
$7 MOther Equity
Gringo
Sep 2023Participated
$30 MSeries C
FinanZero
Jul 2022Participated
$4 MOther Equity
Solfácil
May 2022Participated
$97 MSeries C
Abhi
Apr 2022Participated
$17 MSeries A
Gringo
Mar 2022Led
$37 MSeries B
Creditas
Jan 2022Participated
$260 MSeries F
Creditas
Dec 2021Led
$25 MOther Equity
JUSPAY
Dec 2021Participated
$60 MSeries C
TransferGo
Sep 2021Participated
$50 MSeries C
Konfio
Sep 2021Participated
$235 MOther Equity
Blackbuck
Jul 2021Led
$67 MSeries E
FinanZero
Apr 2021Led
$7 MOther Equity
38
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

VEF: 38 funding rounds are recorded in the selected participation categories.All available history.
VEF: 38 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A33
Series B42
Series C+48
Other Equity95

Monthly Deal Activity

VEF: 38 deals are recorded across 133 months.All available history.
VEF: 38 deals are recorded across 133 months. All available history
MonthDeals
Oct '151
Nov '150
Dec '151
Jan '160
Feb '160
Mar '161
Apr '160
May '160
Jun '161
Jul '160
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '170
Mar '170
Apr '171
May '171
Jun '170
Jul '170
Aug '170
Sep '170
Oct '172
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '181
May '181
Jun '181
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '181
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '191
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '201
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '202
Jan '210
Feb '210
Mar '212
Apr '211
May '210
Jun '210
Jul '211
Aug '210
Sep '212
Oct '210
Nov '210
Dec '212
Jan '221
Feb '220
Mar '221
Apr '221
May '221
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
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 '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

VEF: Fintech is the largest displayed sector by deal count (33 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.

VEF: Fintech is the largest displayed sector by deal count (33 deals). All available history
SectorDeals
Fintech33
Data, Analytics & IT12
Networks, Cloud & Communication10
Transportation & Logistics8
Enterprise Software7
E-Commerce & Retail6
Professional Services3
Marketing & Advertising1
Media & Entertainment1
Cybersecurity & Privacy1
Health & Life Sciences1
Clean Energy & Sustainability1

Deal Size Distribution

VEF: 38 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.

VEF: 38 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M4
$10M-$25M10
$25M-$50M6
$50M-$100M6
$100M-$250M2
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

VEF: Brazil has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

VEF: Brazil has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
Brazil18
Europe6
Pakistan4
India4
South Africa3
Mexico2
Russian Federation1
VEF: 20 co-investors are shown, with Kaszek Ventures sharing 8 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.

VEF: 20 co-investors are shown, with Kaszek Ventures sharing 8 recorded deals. All available history
Co-investorShared deals
Kaszek Ventures8
QED Investors8
SoftBank6
International Finance Corporation5
Wellington Management4
Amadeus Capital Partners3
Atlant Fonder3
Dunross & Co3
Quona Capital3
Redpoint eventures3
Revo Capital3
Valor Capital Group3
Webrock Ventures3
Actyus2
Advent International2
FJ Labs2
Gray MacKenzie Engineering Services2
Hard Yaka2
ICU Ventures2
Lightrock2

Investment Strategy

VEF: Led accounts for 53% and participating for 47% of round participation.All available history.
VEF: Led accounts for 53% and participating for 47% of round participation. All available history
CategoryDeals (count)Share (%)
Led2053%
Participating1847%
VEF: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
VEF: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1575%
Co-led525%

Team

Alexis Koumoudos

Investment Manager

Dave Nangle

Managing Partner, CEO

Elisabet Hulten

Deputy CFO

Henrik Stenlund

CFO