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The Venture Codex

Overview

B2B SaaS specialist venture capital firm investing in early-stage startups.

Founded

2013

Deals · 12mo

6

Stage focus

Seed
Series A

Geographic focus

Denmark
Estonia
Finland
Sweden
...

Sector focus

B2B
Financial Services
Venture Capital

Investment portfolio

32rounds
NAMEDATESIZE
Complir
Sep 2026Participated
$11 MSeed
EnforceShield
Sep 2026Led
$2 MSeed
GitHits
Jun 2026Led
$2 MSeed
Test of Things
Mar 2026Led
$1 MSeed
Agileday
Jan 2026Participated
$8 MSeries A
Complir
Dec 2025Led
$2 MSeed
Inven
May 2025Led
$13 MSeries A
Eyeball
Oct 2024Led
$5 MSeed
Cluby
Jul 2024Led
$3 MSeed
Claimlane
May 2024Led
$2 MSeed
HappySignals
Apr 2024Participated
$13 MOther Equity
Hopsworks
Jun 2023Led
$7 MOther Equity
Complir
Sep 2026Participated
$11 MSeed
EnforceShield
Sep 2026Led
$2 MSeed
GitHits
Jun 2026Led
$2 MSeed
Test of Things
Mar 2026Led
$1 MSeed
Agileday
Jan 2026Participated
$8 MSeries A
Complir
Dec 2025Led
$2 MSeed
Inven
May 2025Led
$13 MSeries A
Eyeball
Oct 2024Led
$5 MSeed
Cluby
Jul 2024Led
$3 MSeed
Claimlane
May 2024Led
$2 MSeed
HappySignals
Apr 2024Participated
$13 MOther Equity
Hopsworks
Jun 2023Led
$7 MOther Equity
32
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Vendep Capital: 32 funding rounds are recorded in the selected participation categories.All available history.
Vendep Capital: 32 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed112
Series A26
Series B01
Other Equity55

Monthly Deal Activity

Vendep Capital: 32 deals are recorded across 146 months.All available history.
Vendep Capital: 32 deals are recorded across 146 months. All available history
MonthDeals
Sep '141
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '151
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 '170
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 '180
Mar '180
Apr '180
May '180
Jun '180
Jul '181
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '191
Aug '190
Sep '191
Oct '190
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '201
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '221
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '232
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '241
Jun '240
Jul '241
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '261
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '262
Oct '260

Sector Breakdown

Vendep Capital: Enterprise Software is the largest displayed sector by deal count (18 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.

Vendep Capital: Enterprise Software is the largest displayed sector by deal count (18 deals). All available history
SectorDeals
Enterprise Software18
Networks, Cloud & Communication15
Data, Analytics & IT9
AI & Machine Learning9
Professional Services7
E-Commerce & Retail4
Marketing & Advertising4
Media & Entertainment4
Consumer & Lifestyle3
Social & Community Platforms3
AR/VR2
Hardware & Robotics2
Fintech2
Cybersecurity & Privacy1
Real Estate & Construction1
Manufacturing1
Developer Tools1

Deal Size Distribution

Vendep Capital: 32 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.

Vendep Capital: 32 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M19
$5M-$10M8
$10M-$25M4
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Vendep Capital: Europe has the largest recorded deal count among the displayed regions (29 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Vendep Capital: Europe has the largest recorded deal count among the displayed regions (29 deals). All available history
RegionDeals
Europe29
United States2
Canada1
Vendep Capital: 20 co-investors are shown, with Business Finland 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

Vendep Capital: Led accounts for 56% and participating for 44% of round participation.All available history.
Vendep Capital: Led accounts for 56% and participating for 44% of round participation. All available history
CategoryDeals (count)Share (%)
Led1856%
Participating1444%
Vendep Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Vendep Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1267%
Co-led633%

Team

Jupe Arala

General Partner

Sakari Pihlava

General Partner

Sami Ahvenniemi

General Partner

Timo Felin

Investment Director